How can businesses embrace AI-powered productivity while maintaining security and control over sensitive data?

In this NYSE Live interview, David Faugno, CEO of 1Password, discusses the company's achievement of surpassing $500 million in annual recurring revenue (ARR), the rapid growth of its developer security business, and the launch of its new 1Password for Agents platform.

Faugno explains that accelerating AI adoption across businesses and software development teams is a major driver behind the company's recent growth. As organizations increasingly deploy AI-powered tools, applications, and workflows, the need to securely manage credentials, secrets, and access permissions has become more important than ever.

A major focus of the conversation is the role of security within modern software development. Faugno notes that developers are building new AI-enabled products and automations at an unprecedented pace, creating growing demand for solutions that help protect sensitive information while maintaining development speed and productivity.

The interview also explores the concept of secrets management. From credentials and authentication keys to database access and infrastructure permissions, organizations need secure ways to manage access to critical systems. Faugno explains that improperly exposed credentials remain one of the most common pathways for security incidents and cyberattacks.

Another key theme is the launch of 1Password for Agents, a new platform designed to help organizations securely enable AI agents and autonomous systems. As AI-powered assistants become increasingly capable of handling tasks such as workflow automation, scheduling, software development, customer support, and operations management, managing their access privileges has become a critical challenge.

The conversation further examines the rapid emergence of agentic AI. Faugno discusses how autonomous agents require access to systems, applications, databases, and business workflows in order to perform tasks effectively. However, organizations must balance productivity gains with security safeguards that ensure agents receive only the permissions necessary to complete assigned work.

The interview also highlights trust as a central issue in AI adoption. Businesses and consumers alike increasingly want to take advantage of AI-driven automation but remain concerned about unintended actions, unauthorized access, and security vulnerabilities. Faugno believes secure identity and access management will play a foundational role in enabling broader AI adoption.

Another area of discussion is enterprise AI deployment. According to Faugno, organizations across departments are redesigning workflows around AI tools and autonomous systems. This trend is accelerating the demand for platforms that can securely manage access to sensitive systems, credentials, and business data.

The conversation also addresses the broader cybersecurity landscape. As AI capabilities expand, organizations face the dual challenge of unlocking productivity gains while preventing credential exposure, data breaches, and unauthorized access across increasingly complex technology environments.

Looking ahead, Faugno sees identity security becoming a critical layer in the AI ecosystem, helping businesses safely leverage autonomous technologies while maintaining oversight, compliance, and operational control.

Throughout the discussion, Faugno shares insights on artificial intelligence, cybersecurity, identity management, secrets management, software development, agentic AI, enterprise security, automation, and the future of digital trust.

Disclaimer: Informational content only. NYSE does not endorse or recommend investments, strategies, companies, products, or services discussed.

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