1Password tops $500-million USD ARR on the back of accelerating AI demand

Toronto-based cybersecurity software company 1Password announced on Thursday that it has crossed $500 million USD ($702 million CAD) in annual recurring revenue (ARR), up from $400 million about a year ago. The technology firm achieved this milestone amid rising AI adoption and while maintaining a double-digit free cash flow margin. 1Password also revealed that it has added approximately 20,000 business customers during this time (bringing its total to more than 200,000), and brought the number