The acquisition will allow the password-management company to build tools for managing passkeys, an alternative to passwords, according to a release. 1Password declined to disclose the financial terms of the deal to The Logic. (The Logic) 

Talking point: Austin-based Passage provides passwordless authentication technology to developers and businesses. Passkeys allow users to sign into apps or websites using the same method for device sign-ins, often a PIN or biometric method like a fingerprint scan or facial recognition. Microsoft, Apple and Google announced in May that they were implementing a common passkey standard—referred to as FIDO authentication—across all of their devices and platforms. 1Password claimed it set a record for the largest fundraising round in Canadian history in January, with a US$620-million Series C round valuing the company at US$6.8 billion.