1Password Founders Sell a $75 Million Stake to Utah Jazz Owner’s VC Fund
PositiveTechnology

The founders of 1Password have made a significant move by selling a $75 million stake to a venture capital fund created by Ryan Smith, the owner of the Utah Jazz, and Accel partner Ryan Sweeney. This investment not only boosts 1Password's financial standing but also highlights the growing interest in cybersecurity solutions, especially as digital security becomes increasingly vital for businesses and individuals alike.
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