1Password Buys Apono for $250 Million-$300 Million, Expanding Into AI-Era Access Governance
Updated
Updated · CTech · Jun 15
1Password Buys Apono for $250 Million-$300 Million, Expanding Into AI-Era Access Governance
2 articles · Updated · CTech · Jun 15
Summary
$250 million-$300 million is the estimated price 1Password paid for Israeli startup Apono, marking the Canadian company's first acquisition in Israel.
Apono's 80 employees will join 1Password, which also plans to keep hiring in Israel as it adds cloud-permission and access-governance technology to its identity-security business.
Founded in 2022, Apono built an AI-powered platform that grants just-in-time access across cloud infrastructure, databases and enterprise apps, then automatically revokes permissions after tasks are completed.
The deal pushes 1Password beyond password management into broader identity and access security as companies adopt more AI agents and other non-human digital identities.
Apono had raised $54 million by December 2025 and counts HPE, Jasper and Bloomreach among customers, while 1Password was valued at about $6.8 billion and reported more than $400 million in ARR at end-2025.
Can this deal transform 1Password from a password vault into a leader in AI identity security?
Is Israel's cyber factory building global giants or just fueling a 'quick flip' acquisition boom?
As AI identities outnumber humans, are we ready for the security risks of a non-human workforce?
1Password’s Strategic Acquisition of Apono Expands AI and Enterprise Access Governance
Overview
On June 15, 2026, 1Password announced its acquisition of Israeli startup Apono, marking a major step in digital identity and access management. This deal is set to enhance 1Password’s capabilities and expand its reach in the enterprise security market. Apono, already a notable player with a strong customer base including Fortune 500 companies and organizations like Hewlett Packard Enterprise, brings robust solutions for securing digital identities. By integrating Apono’s technology, 1Password aims to offer more advanced tools for managing access and identity, strengthening its position in the growing enterprise security sector.