Jan 19 (Reuters) – Toronto-based company 1Password announced on Wednesday that it had raised $620 million in a funding round led by investment firm ICONIQ Growth, which more than tripled its valuation as the cybersecurity startup’s strategic seeks acquisitions to fuel its growth.
Hollywood stars including Ryan Reynolds, Scarlett Johansson, Robert Downey Jr. and Ashton Kutcher also participated in one of the largest rounds in security funding, valuing the company at $6.8 billion.
The funding comes as the pandemic-driven work-from-home trend is approaching nearly two years in which 1Password has more than tripled its headcount to meet increased enterprise data security challenges.
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The company expects to double its headcount this year from about 570, Chief Executive Officer Jeff Shiner said, to further capitalize on growing cybersecurity demands.
1Password will use the new tools to develop and scale human-centric security…