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`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.
I believe this is regarding their new infrastructure secrets product, so hashicorp vault but more corporate maybe.
- Duo was acquired for $2.35B
- Ledger was valued at $1.5B
- Dashlane was valued at $1B
- Yubico was valued at $600M
- LastPass was acquired for $110M
- Trezor has an annual revenue of $5M
- Authy was acquired after receiving investments of $3.8M
Seems like a lot of people are missing the piece as to probably why they need the money (and where they're pointing the company in the future). Future of 1Password: https://www.future.1password.com/
I'm actually surprised by all the reactionary comments here with almost no research. 1Password already has integrations with Fastmail and Privacy and have launched a Secrets Automation[0] offering. I'm assuming this money does go partially into the password manager (which they say has always been profitable) but I think the money would actually go into ancillary services for competitors to Vault or Okta for authentic…
I don't know much about much, but I do know that the far future of computing isn't going to involve people memorizing and typing complicated passwords, or using finicky password managers. There is massive potential for growth and vision in this space.
"1Password Has Raised $620M" Ah fuck. They now need to grow at any cost to earn all that money back. And they'll throw their users under the bus, if they have to, because it's either grow like a unicorn or go bust. Also, I sincerely have no clue how a password manager could be so expensive. Last time I checked, the excellent KeePassXC was still free open source and developed by volunteers in their free time. How come…
Maybe they'll go the Keybase route and integrate some crypto?! (https://keybase.io/blog/keybase-stellar-launch)
Earlier quoted context omitted.
Sounds like they've noticed both macOS and Windows getting integrated cloud-based password management capabilities and feel the need to branch out in order to stay one jump ahead of irrelevance. (Disclaimer: I'm a satisfied 1Password customer. Just noting that their competitive edge is wearing razor-thin these days.)
I long hoped Apple would buy out 1Password and include it in their iCloud+ subscription.
`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.
I really love an alternative that does these: 1. native app (no bullshit JS based) for speed 2. the same keybindings CMD+\ or Option+CMD+\ to fill in or pop up the menu 3. sync with icloud 4. not look like total shit (ie. lastpass) Do these basic things and I think you can easily steal 1pass users.
`But we don’t just want to keep up; our goal is to push the envelope and explore beyond the boundaries of traditional password management.` Hmmm, sounds like the time to migrate may be sooner than I'd hoped.
Sounds like they've noticed both macOS and Windows getting integrated cloud-based password management capabilities and feel the need to branch out in order to stay one jump ahead of irrelevance. (Disclaimer: I'm a satisfied 1Password customer. Just noting that their competitive edge is wearing razor-thin these days.)
"1Password Has Raised $620M" Ah fuck. They now need to grow at any cost to earn all that money back. And they'll throw their users under the bus, if they have to, because it's either grow like a unicorn or go bust. Also, I sincerely have no clue how a password manager could be so expensive. Last time I checked, the excellent KeePassXC was still free open source and developed by volunteers in their free time. How come…
1Password has the cloud, so maybe a better comparison would be bitwarden, not free (to use their hosted service) but FLOSS. Everything else stands, though ;)