1Password began as a password manager for individuals and now safeguards more than 200,000 businesses, having recently passed $500M in ARR.
Chief executive David Faugno, who first backed the shift as an investor and later served as president, tells Lightspeed’s Guru Chahal why the company committed to AI two years ago even after parts of its own team pushed back, and what changes when AI agents start asking for credentials.
He also discusses growing a security business with financial discipline, and why the most useful question in a fast market may be what you can stop doing.
