Company Overview
Snapshot
Founded in May 2015 by Raz Rafaeli, Shimrit Tzur-David, and Chen Tetelman, Secret Double Octopus operates with 11–50 employees. The company has raised $41.5 million across 7 funding rounds from 13 investors. In January 2024, Secret Double Octopus secured a Series C funding round to support global expansion of its passwordless technology.
Business overview
Secret Double Octopus specializes in providing passwordless multi-factor authentication (MFA) solutions within the Cyber Security sector. Its core technology delivers a platform that enables mid-market to Fortune 100 enterprises to transition towards higher security, frictionless authentication, ranging from MFA to end-to-end unified passwordless authentication. The company's offerings are designed to enhance phishing resistance, aid in compliance, and reduce cyber insurance premiums for its enterprise clients.
Strategic signal
In October 2024, Secret Double Octopus secured a strategic investment from SBI Holdings, signaling a clear intent for global expansion in the workforce passwordless authentication market. This investment validates the company's technology and strategic direction, indicating a strong push to broaden its international footprint and capitalize on the growing demand for advanced cybersecurity solutions.
Log in to access full profile ›Company Intelligence Q&A
- What was a significant recent investment in Secret Double Octopus?
- In October 2024, Secret Double Octopus secured a strategic investment from SBI Holdings to propel the global expansion of its workforce passwordless authentication solutions.
- Which investors participated in the January 2024 Series C funding round?
- In January 2024, Secret Double Octopus secured a Series C funding round with participation from.
- What strategic partnership did Secret Double Octopus announce in September 2022?
- In September 2022, Secret Double Octopus and PwC India announced a strategic partnership to promote passwordless and Desktop MFA for compliance.
- When did Secret Double Octopus receive the SINET16 Innovator Award?
- Secret Double Octopus won the esteemed 2023 SINET16 Innovator Award in September 2023 for its passwordless authentication leadership.
- What was the focus of Secret Double Octopus's cloud offering launched in March 2022?
- In March 2022, Secret Double Octopus launched a new passwordless "Authentication-as-a-Service" cloud offering designed to cut deployment times by 80%.