The cybersecurity company is partnering with Browserbase to provide secure web browsing using artificial intelligence.
Toronto-based 1Password has partnered with Browserbase, a provider of infrastructure for artificial intelligence (AI) agents that use non-GUI web browsers.
The Canadian cybersecurity company says the partnership will solve a key security problem in the agent-based AI pipeline while also creating liquidity for shareholders.
“AI opens up new ways to help people work smarter and get more done, but the fundamentals of security don’t change.”
Since humans use AI agents to perform tasks on their behalf, these agents must be able to log in and operate securely. The 1Password Secure Agent AutoFill plugin allows agents in the Browserbase infrastructure to authenticate with web services (such as logging into a user account) without exposing the user's credentials. Partnership with Cloud Browser Automation Platform looks like a deal last month it hit the AI-powered web browser Perplexity, one of Browserbase's clients.
The partnership follows the company's $100 million secondary sale involving Qualtrics founder Ryan Smith and Accel partner Ryan Sweeney. according to Bloomberg. Sweeney and Smith acquired a stake in 1Password for $75 million from the founders and employees through their new Halo Fund. Also involved in the deal was Flume Ventures, which reportedly maintained the $6.8 billion valuation 1Password earned in the sale. 2022 equity round.
1Password CEO David Faugno previously worked held leadership positions with Sweeney and Smith at Accel and Qualtrics. As a result of the sale, 1Password became the official cybersecurity partner of Smith's NBA and NHL teams, the Utah Jazz and Utah Mammoth.
Secondary secondary steels increasingly popular means creating liquidity for shareholders amid a lack of revenue from exits such as initial public offerings (IPOs). Faugno told Globe and mail In March, 1Password was preparing for an IPO, but noted that it was unlikely that the company would do so before 2026.
Adapting to the age of artificial intelligence has been a focus for 1Password this year. In April, the company strengthened its access control platform by offering ways to help clients manage AI agents more secure. Faugno, who was co-CEO at the time, BetaKit reported that AI agents often access and perform actions on sensitive corporate credentials and data, creating an “incredible security risk.”
CONNECTED: 1Password enters into new deal with Perplexity's AI-powered Comet browser
“AI opens up new ways to help people work smarter and get more done, but the fundamentals of security don’t change,” Faugno said in a statement.
1Password has seen major leadership changes this year, including departure CTO Pedro Canauati and CRO Julian Teixeira this month. Earlier that year, 1Password brought in CFO Greg Henry to replace Ginny De Guzman when she moved into the role of chief operating officer. In July, longtime CEO Jeff Shiner moved to executive chairhanding over the reins to Faugno.
Image courtesy of 1Password.
