Toronto’s 1Password announced its acquisition of fellow cybersecurity technology company Apono this morning to expand its product capabilities.
1Password sells software that helps individuals and companies securely store and access the passwords they need to use apps and websites. It says New York-based Apono will enable it to help other businesses secure and govern access to the credentials that their employees, machines, and AI agents require to do their work, much more easily from within “a unified control plane.”
David Faugno,
“It’s a critical unlock of the vision that we’ve got.”
1Password
1Password plans to continue providing Apono as a standalone offering while also integrating its tech into the firm’s new Unified Access Platform, which is geared towards helping companies deploy autonomous AI without putting their sensitive systems and data at risk. The company will use Apono to determine when, why, and for exactly how long various parties have access to corporate credentials.
“It’s a critical unlock of the vision that we’ve got,” 1Password CEO David Faugno told BetaKit in an interview. “But we’re not going to rest on our laurels there. That gives us the opportunity to build a much, much bigger business than we ever envisioned.”
1Password did not disclose the financial terms of the deal. Apono’s 80 employees are joining 1Password’s 1,400-person team and will remain based out of Apono’s existing headquarters in New York City, as well as its office in Tel Aviv.
This transaction marks 1Password’s fifth acquisition, and the third of the firm’s new AI era, following its purchase of Boston’s Kolide in 2024 and UK-based Trelica in 2025. Faugno said it accelerates 1Password’s product roadmap “pretty materially.”
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“This started with us looking for products to solve our own challenges and realizing that these guys had built exactly the system the way that we would have designed it ourselves,” Faugno said. After getting to know the team, 1Password realized joining forces “makes a lot of sense.”
According to Faugno, Apono has taken a more dynamic and simplified approach to helping companies ensure the right parties have the right access to the credentials they need at the right time, allowing businesses to grant, monitor, and revoke access in the same place.
As 1Password launches its own Credential Broker today—a new product within its Unified Access Platform geared towards reducing the amount of passwords that live inside applications and other places—the company says Apono will play a key role in determining how those credentials are actually used much more seamlessly.
Apono had raised $54 million USD in total funding to date prior to this deal. In addition to expediting 1Password’s product plans, it also represents the firm’s first foray into Israel, where Faugno said it hopes to take advantage of the country’s “tremendous” security talent pool.
Feature image courtesy 1Password.