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.
- What was the most recent funding round for Secret Double Octopus?
- In January 2024, Secret Double Octopus secured a Series C funding round from investors including.
- What recognition did Secret Double Octopus receive in 2023?
- In September 2023, Secret Double Octopus won the esteemed 2023 SINET16 Innovator Award, recognizing its leadership in passwordless authentication.
- Did Secret Double Octopus form any strategic partnerships in 2023?
- In August 2023, Secret Double Octopus and KDDI Digital Security signed an agreement to offer passwordless authentication services in Japan, expanding the company's market reach.
- What strategic partnership did Secret Double Octopus announce in 2022?
- In September 2022, PwC India and Secret Double Octopus announced a strategic partnership to promote passwordless and desktop MFA for compliance, enhancing the adoption of the company's solutions in the Indian market.