Cybersecurity startup 1Password, by Ryan Reynolds, Matthew McConaughey and Scarlett Johansson, has topped more than $400 million in annual recurring revenue, the company said Thursday.

"We believe we're at a pretty significant inflection point in our journey," CEO David Faugno told CNBC. "We're set up for this next wave of disruption, which I think is an even bigger opportunity for us."

Faugno said he expects the company to surpass a billion dollars in ARR over the next "several years," benefiting from a shift in the threat landscape due to artificial intelligence and more complex protection needs.

In 2023, 1Password announced that it had surpassed $250 million in ARR .

AI innovation has accelerated demand for better cybersecurity tools to counteract sophisticated and complex cyber

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