1. Expanding into new markets. "Secrets management" is not easy - 1Password is currently handling it for humans but they intend to handle it for services as wel

1. Expanding into new markets. "Secrets management" is not easy - 1Password is currently handling it for humans but they intend to handle it for services as well, likely competing with Vault. They could launch a full identity provider like Okta. 2. Perhaps managing other authentication methods. Passwords are dying, especially with webauthn, so it makes sense to tak eon some money to explore how to be a player in that space. They could compete with Duo, for example, and start offering a 2FA service. Basically, I expect that the vast majority of this money will not be going towards the 1Password that you use today but instead towards breaking into new markets. Given the size, probably new markets that are somewhat established already.