One Password Reaches $400M Recurring Revenue, Eyes IPO
Update: 2025-11-07
Description
One Password, a cybersecurity firm, reaches $400M in annual recurring revenue, marking rapid growth and a strong market position. With investments from celebrities like Ryan Reynolds and Matthew McConaughey, the company aims to reach $1B in revenue within the next few years. Founded in 2005, One Password serves major corporations and recently secured a deal with Oracle Red Bull Racing. The company announced two key executive hires to attract larger enterprise customers and expand market reach. CEO David Faugno hinted at a potential IPO in 2026 or 2027, focusing on long-term growth and top-tier security solutions.
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