1Password named in Enterprise Tech 30 list for 2023

What’s the Enterprise Tech 30?

Now in its fifth year, the Enterprise Tech 30 showcases the most promising private companies in the enterprise technology space. The 30 chosen companies are split into three groups that reflect their size and the level of investment they’ve attracted to date: early, mid, and late stage.

1Password made the Enterprise Tech 30 list for the first time this year. We came eighth in the late-stage group, which features other amazing organizations like Rippling, Canva, and Notion. And when all 30 companies are sorted by industry, we rank number one in the security category.

We’re honored to be recognized for our impact in the enterprise space and proud to play a part in helping organizations secure their data.

How 1Password supports enterprises

Workplace security has never been more important. It’s rare that a day goes by without a company hack making the news, and according to research by IBM, the average cost of a data breach rose to $4.35 million in 2022.

1Password’s mission has always been to simplify security for everyone. That includes enterprise-level businesses with hundreds or thousands of employees with different levels of technical proficiency.

More than 100,000 businesses choose 1Password because it offers:

• Security you can count on. 1Password’s unique dual-key encryption model ensures a breach of our systems would pose no threat to the sensitive information stored in your vaults. We encrypt the entire contents of your vaults, including crucial metadata, and are audited periodically by independent security experts.

• Visibility into your team’s security posture. 1Password gives you a comprehensive overview of your organization’s security. It’s paired with simple, centralized, and granular controls that help you manage everything, and robust integrations that make 1Password even more helpful and seamless to use.

• Streamlined onboarding for team members. 1Password empowers everyone in your organization to create, use, and securely share strong passwords. 1Password works on all devices and every major web browser, which ensures team members are always staying safe online and can access everything they need anytime, anywhere.

1Password doesn’t just help you and your team members stay more secure. It also saves you money. Research by Forrester found that a composite organization can expect a 206% return on investment over a three-year period, with benefits worth $1.3 million.

Securing the future: What you can expect from 1Password

Over the last six months, we’ve released a number of new business-focused tools and capabilities, including:

• Unlock with Okta
• Unlock with Azure
• Enhanced 1Password Events API
• The ability to enforce security key two-factor authentication (2FA)
• New, streamlined admin dashboard
• And more!

Of course, we’re not stopping there. We’ll live up to the honor of being included in the Enterprise Tech 30 list by continuing to improve 1Password with new capabilities that help large businesses protect their people.

Throughout 2023 and beyond, you can expect new integrations like our recently announced support for identity providers that use the generic OpenID Connect (OIDC) configuration. You and your team members will also be able to use passkeys – a simpler and more secure alternative to passwords – to protect work-related accounts. And we’ll continue to improve Passage by 1Password, which gives businesses a fast and secure way to add passkey support to their websites and apps.

These updates are just a snapshot of what we’re working on. We’re committed to building a solution that makes strong security easy for employees and gives you the visibility you need to take action when you need to.

Thank you to everyone who voted for 1Password in the Enterprise Tech 30 this year, and congratulations to all the other companies that made the list.

Nick Summers

Content Marketing Manager