Secret Double Octopus Overview
Secret Double Octopus delivers the industry’s broadest workforce use case coverage for passwordless MFA making SDO a clear leader in phishing-resistance, enabling compliance, and reducing cyber insurance premiums. Its industry-leading platform offers mid-market to Fortune 100 enterprises the ability to progressively move to a higher security, more frictionless authentication — from MFA to end-to-end, unified passwordless authentication. The company has been designated a Gartner “Cool Vendor,” named “Best-in-Class” passwordless provider by AITE Group and a 2023 SINET16 Innovator.
Cumulative Funding Raised Over Time ($)
$15.0MApr 2020
$21.0MJan 2017
$21.0MJan 2018
$36.0MJan 2024
$37.5MMay 2015
$41.5MOct 2020
$41.5MOct 2024
Latest News
Secret Double Octopus Secures Strategic Investment from SBI Holdings to Propel Global Expansion of Workforce Passwordless Authentication
Growth-Positive
Secret Double Octopus, Renowned Leader in Enterprise Workforce Authentication, Secures a Series C Funding Round to Propel Global Expansion of Innovative Passwordless Technology
Secret Double Octopus, a leader in passwordless solutions for enterprise workforce, has successfully closed a Series C funding round, raising $15 million. The round was led by BGV and included participation from both new and existing strategic investors such as JVP, SCV, and KDDI. The funds will be used to accelerate revenue growth and expand the companys global partnership network. The companys unique passwordless solution has positioned it as a technology leader in the passwordless space and a strategic player in the larger IAM market.
InvestmentExpand
growth-positive
Secret Double Octopus Elevates Mobile Push to Highest Assurance Authentication
Secret Double Octopus (SDO), a leader in workforce Passwordless and desktop MFA, has upgraded its Passwordless MFA platform to offer government-level identity verification to enterprises. The new Proximity Assurance feature uses mobile push notifications to securely connect users to workstations without requiring additional hardware or re-architecting of apps. This feature enhances the security of the login process without the need for extra devices or authentication apps. The Octopus Authentication Platform is recognized for its broad use case coverage for workforce Passwordless authentication, providing security for logins from various endpoints and corporate services.
CustomersExpand
growth-positive
Passwordless Authentication Leader Secret Double Octopus Wins Esteemed 2023 SINET 16 Innovator Award
Secret Double Octopus, a provider of workforce and desktop MFA solutions, has been selected as a winner in the 2023 SINET16 Innovator Award. The award, given by SINET, an organization that accelerates cybersecurity innovation through public-private partnerships, recognizes the most innovative and compelling technologies in the field of cybersecurity. Secret Double Octopus was selected from a pool of 195 applications from 13 countries. The companys Octopus platform offers organizations a higher security and more frictionless authentication platform for traditional and passwordless MFA.
Partners
growth-positive
Secret Double Octopus and KDDI Digital Security Sign Agreement to Offer Passwordless Authentication Service in Japan
Secret Double Octopus, a provider of workforce and desktop MFA solutions, has expanded its strategic partnership with KDDI Digital Security, a part of the KDDI Group in Japan. KDDI Digital Security will now include Secret Double Octopuss FIDO2-compliant passwordless authentication solution in its managed security services. This move is aimed at addressing the challenges of authentication sprawl and security risks associated with password use in organizations. The partnership extension is expected to enhance the security offerings of KDDI Digital Security and promote a more secure and frictionless authentication experience for Japanese organizations.
PartnersExpand
| Sector | Cyber Security |
Funding
| Total funding | $41.5M |
| Last funding | Undisclosed |
| Stage | C |
| Rounds | 7 |
| Investors | 13 |
Team Members
4
Employees: 11-50
Web & Social Links
| Website | doubleoctopus.com/ |
| Careers | Careers page |
| App Store | App Store |
| Google Play | Google Play |
Locations
Rokach Blvd 97, Tel Aviv-Yafo, Israel
Photos & Videos
7 item(s)
Secret Double Octopus Business
Business models
B2B, B2G
Product stage
Released
Employees
11-50
Sector
Cyber SecurityIdentity SecurityTarget Customer
EducationEnterprise & Professional ServicesEnterprisesIndustrial ManufacturingFinancial ServicesCore Technology
Platforms & InterfacesSoftwareMobileTags (12)
encryptionnetwork-securitydata-protectionauthenticationiotcyber-securityanti-fraudcloud-securitycross-platformmulti-factor-authenticationenterprise-solutionsmobile-applicationsSecret Double Octopus Financials
$41.5M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
C
Funding stage
7
Total rounds
13
Investors
Cumulative Funding Raised Over Time ($)
$15.0MApr 2020
$21.0MJan 2017
$21.0MJan 2018
$36.0MJan 2024
$37.5MMay 2015
$41.5MOct 2020
$41.5MOct 2024
Private Equity Funding
C Round
Oct 2024
Undisclosed
SBI JI Innovation Fund (Lead)
C Round
Jan 2024
$15M
Benhamou Global Ventures (Lead)
,
JVP, SC Ventures
Undisclosed Round
Oct 2020
$4M
SC Ventures, Liberty Ventures
B Round
Apr 2020
$15M
Sony Financial Ventures (Lead)
,
Liberty Media, KDDI, Iris Capital, Yaniv Tal, Benhamou Global Ventures, Global Brain Corporation, JVP
Convertible Debt
Jan 2018
Undisclosed
Iris Capital
A Round
Jan 2017
$6M
JVP Cyber Labs, Benhamou Global Ventures, Iris Capital, Liberty, Yaniv Tal
Seed
May 2015
$1.5M
JVP Cyber Labs (Lead)
Secret Double Octopus Lifecycle
Cumulative Funding Raised Over Time
$15.0MApr 2020
$21.0MJan 2017
$21.0MJan 2018
$36.0MJan 2024
$37.5MMay 2015
$41.5MOct 2020
$41.5MOct 2024
All Events
C Round
Oct 2024
Undisclosed
SBI JI Innovation Fund (Lead)
C Round
Jan 2024
$15M
Benhamou Global Ventures (Lead)
,
JVP, SC Ventures
Undisclosed Round
Oct 2020
$4M
SC Ventures, Liberty Ventures
B Round
Apr 2020
$15M
Sony Financial Ventures (Lead)
,
Liberty Media, KDDI, Iris Capital, Yaniv Tal, Benhamou Global Ventures, Global Brain Corporation, JVP
Convertible Debt
Jan 2018
Undisclosed
Iris Capital
A Round
Jan 2017
$6M
JVP Cyber Labs, Benhamou Global Ventures, Iris Capital, Liberty, Yaniv Tal
Seed
May 2015
$1.5M
JVP Cyber Labs (Lead)
Secret Double Octopus News
25 articlesSecret Double Octopus Secures Strategic Investment from SBI Holdings to Propel Global Expansion of Workforce Passwordless Authentication
Growth-Positive
Secret Double Octopus, Renowned Leader in Enterprise Workforce Authentication, Secures a Series C Funding Round to Propel Global Expansion of Innovative Passwordless Technology
Secret Double Octopus, a leader in passwordless solutions for enterprise workforce, has successfully closed a Series C funding round, raising $15 million. The round was led by BGV and included participation from both new and existing strategic investors such as JVP, SCV, and KDDI. The funds will be used to accelerate revenue growth and expand the companys global partnership network. The companys unique passwordless solution has positioned it as a technology leader in the passwordless space and a strategic player in the larger IAM market.
InvestmentExpand
growth-positive
Secret Double Octopus Elevates Mobile Push to Highest Assurance Authentication
Secret Double Octopus (SDO), a leader in workforce Passwordless and desktop MFA, has upgraded its Passwordless MFA platform to offer government-level identity verification to enterprises. The new Proximity Assurance feature uses mobile push notifications to securely connect users to workstations without requiring additional hardware or re-architecting of apps. This feature enhances the security of the login process without the need for extra devices or authentication apps. The Octopus Authentication Platform is recognized for its broad use case coverage for workforce Passwordless authentication, providing security for logins from various endpoints and corporate services.
CustomersExpand
growth-positive
Passwordless Authentication Leader Secret Double Octopus Wins Esteemed 2023 SINET 16 Innovator Award
Secret Double Octopus, a provider of workforce and desktop MFA solutions, has been selected as a winner in the 2023 SINET16 Innovator Award. The award, given by SINET, an organization that accelerates cybersecurity innovation through public-private partnerships, recognizes the most innovative and compelling technologies in the field of cybersecurity. Secret Double Octopus was selected from a pool of 195 applications from 13 countries. The companys Octopus platform offers organizations a higher security and more frictionless authentication platform for traditional and passwordless MFA.
Partners
growth-positive
Secret Double Octopus and KDDI Digital Security Sign Agreement to Offer Passwordless Authentication Service in Japan
Secret Double Octopus, a provider of workforce and desktop MFA solutions, has expanded its strategic partnership with KDDI Digital Security, a part of the KDDI Group in Japan. KDDI Digital Security will now include Secret Double Octopuss FIDO2-compliant passwordless authentication solution in its managed security services. This move is aimed at addressing the challenges of authentication sprawl and security risks associated with password use in organizations. The partnership extension is expected to enhance the security offerings of KDDI Digital Security and promote a more secure and frictionless authentication experience for Japanese organizations.
PartnersExpand
growth-positive
Secret Double Octopus release addresses phishing with passwordless MFA | Biometric Update
Secret Double Octopus has released new features for phishing-resistant passwordless MFA with biometrics support. The update allows companies to comply with government mandates and cyber insurance criteria without redesigning applications or identity directories. The company has partnered with PricewaterhouseCoopers in India to help businesses meet MFA regulations. Secret Double Octopus will discuss the new capabilities and the effectiveness of MFA in stopping phishing attacks in a marketing webinar on February 1st.
CustomersPartners
Secret Double Octopus Study Finds 87% Believe Next-Gen Passwordless Solutions Will Become the Leading Approach to Secure Workforce Identities within Five Years
PwC India and Secret Double Octopus Announce a Strategic Partnership to Promote Passwordless and Desktop MFA for Compliance
Secret Double Octopus Cuts Deployment Times by 80% with New Passwordless "Authentication-as-a-Service" Cloud Offering
Secret Double Octopus Enables Enterprise Passwordless Journey With Passwordless-Ready MFA Offerings
growth-positive
Standard Chartered Bank's Fintech Investment Unit Invests in Passwordless Authentication Leader Secret Double Octopus
Secret Double Octopus, a leader in Enterprise Passwordless Authentication, has secured a strategic investment from SC Ventures, the innovation arm of Standard Chartered. The investment will support the companys growth and its mission to transform enterprise authentication standards. Secret Double Octopus offers an innovative authentication solution that eliminates the use of passwords and provides stronger protection against cyber-attacks. The company has partnerships with IAM giants like ForgeRock and Okta and serves mid-size to Fortune50 customers globally. SC Ventures investment demonstrates the trust in Secret Double Octopus technology and its potential to deliver passwordless capabilities to the enterprise world.
Investment
growth-positive
Secret Double Octopus raises $15 million to authenticate employees without passwords
Israeli startup Secret Double Octopus has raised $15 million in a series B funding round. The company offers a passwordless authentication solution to help businesses enhance security and reduce the risk of data breaches. The investment comes at a time when remote working has become more prevalent due to the COVID-19 crisis. Secret Double Octopus technology, called the Octopus Authenticator, allows employees to authenticate their logins through a simple touch and go process, eliminating the need for passwords. The funding round included investors such as Sony Financial Ventures, KDDI, and Global Brain. The company is well-positioned to capitalize on the increased demand for passwordless login technologies.
Investment
growth-positive
Secret Double Octopus Authentication Server Receives FIDO2 Certification
Secret Double Octopus has received FIDO2 certification for its Octopus Authentication Server v4.0. The server allows employees to log in without passwords and offers support for various workplace tools. The company will showcase the server at the FIDO Alliances Authenticate conference. Secret Double Octopus has also formed partnerships with Okta and Asigra.
Partners
growth-positive
Israeli Cybersecurity Firm Aims For More Secure Future By Eliminating Passwords
Israeli cybersecurity company Secret Double Octopus is experiencing growth in the market adoption of password-less authentication methods. The companys pioneering password-free, key-less authenticator is being embraced by enterprises in the security and identity and access management sectors. Passwords are increasingly seen as vulnerable to hacking, and alternative security systems such as fingerprints, voice recognition, and facial recognition are gaining popularity. Secret Double Octopuss proprietary phone-as-a-token technology offers a secure solution that prevents unauthorized use of systems and identity theft. The companys password-less authentication solution is used by Fortune 100 customers globally. The marketplaces acceptance of password-less authentication solutions is transforming the security landscape and is predicted to continue growing in the coming years.
Customers
growth-positive
Secret Double Octopus reveals latest attempt to eliminate passwords
Secret Double Octopus, a provider of passwordless security solutions, is expanding into the European market with a presence in the UK, France, and Italy. The company aims to replace traditional passwords with its solution that uses machine-generated cryptographic keys and phone-based authentication. This approach offers better security and user experience at a lower cost. The expansion will provide customers and service providers in Europe with local sales and technical support. The article discusses the need for viable alternatives to passwords and the future of authentication, including the use of biometrics. BDO UK, LLP, a cybersecurity consultant, sees Secret Double Octopus passwordless security approach as a game changer. The article is written by Michael Baxter, a tech, economic, and investment journalist.
CustomersExpand
growth-positive
Okta and Secret Double Octopus Partner to Provide a Complete Passwordless Enterprise Solution
Secret Double Octopus has announced a partnership with Okta to deliver a passwordless experience for global customers and service providers. The partnership aims to provide passwordless access to all enterprise services and applications, including on-premise network assets, desktop login, legacy apps, and mobile. With this solution, Okta users will no longer need to manage or remember passwords and can access domains, networks, the cloud, and legacy applications protected by Okta. The integrated solution will address various use cases, including Desktop MFA and Password-Free Enterprise. This partnership is expected to contribute to the growth of Secret Double Octopus.
Partners
growth-positive
Asigra and Secret Double Octopus Partner to Provide Top-flight Authentication for Cloud-based Data Backups Susceptible to Ransomware Attacks
Asigra Inc., a cloud backup, recovery and restore software provider, and Secret Double Octopus, a password-free enterprise authentication provider, have announced a partnership to enhance Asigras anti-ransomware technology with an additional layer of authentication. The partnership aims to prevent malware threats from targeting backup data. Secret Double Octopus Authenticator adds a security layer to Asigras zero-day Attack-Loop preventative technology, eliminating the need for passwords to access backup data in the cloud. The partnership will provide a full defensive suite against advanced ransomware and other cyber-attacks on backup data.
Partners
growth-positive
Secret Double Octopus Identified as a 'Representative Vendor' in Gartner's 2018 Market Guide for User Authentication
Secret Double Octopus has been included in Gartners Market Guide for User Authentication as one of the representative vendors in the user authentication category. Gartner predicts that by 2022, a significant number of enterprises will implement passwordless authentication methods. Secret Double Octopus offers a password-free authentication solution that eliminates the need for passwords altogether. The company currently serves Fortune 100 customers in Europe, the U.S., and Asia/Pacific. The inclusion in Gartners Market Guide for User Authentication for two consecutive years is seen as a recognition of the companys value and vision. Secret Double Octopus aims to eliminate user friction associated with passwords and reduce operational costs. The companys solution uses multichannel techniques to protect against identity cloning, MITM attacks, and key theft.
Customers
growth-positive
BDO UK and Secret Double Octopus Partner to Eliminate Passwords in the Enterprise
Secret Double Octopus has announced a strategic partnership with BDO UK to provide BDOs clients with advanced authentication technology to protect against data breaches and cyber attacks. This partnership allows BDO UK to deliver and support Secret Double Octopus products to enterprises globally. Secret Double Octopus offers password-free, keyless authentication using a Secret Sharing algorithm. The partnership with BDO UK will help Secret Double Octopus expand and strengthen its presence in Europe. The companys leading product, Active Directory Authentication, replaces AD passwords with a password-free authentication paradigm. BDO UK is a leading global accountancy and business advisory firm with offices in 18 locations and a global network operating in 162 countries.
Partners
growth-positive
Secret Double Octopus is Eliminating Passwords in the Workplace With Launch of Octopus Domain Authentication
Secret Double Octopus has launched Octopus Domain Authentication, a password-free authentication solution for Active Directory domains. This technology improves security, user experience, and productivity by eliminating the need for complex passwords and second-factor authentication. It also helps companies save on password management costs. Secret Double Octopus replaces passwords with a high assurance, password-free authentication paradigm based on Secret Sharing Schemes. The authentication process utilizes an out-of-band communications channel to the users mobile device, making it harder for attackers to gain control. Secret Double Octopus is a top cyber security innovator and has strategic partnerships with Tech Data and PwC.
CustomersPartners
growth-positive
Secret Double Octopus Included in Gartner's 2017 Market Guide for User Authentication
Secret Double Octopus, a pioneer of password-free authentication technology, has been included in Gartners 2017 Market Guide for User Authentication. The guide highlights the need for password-free authentication due to the high percentage of data breaches caused by stolen or weak passwords. Secret Double Octopus offers a phone-as-a-token solution that enables password-free authentication for workforce use cases. The companys solution uses multichannel techniques to protect against attacks and key theft. Secret Double Octopus currently has customers in Europe, the U.S., and Asia/Pacific. The inclusion in Gartners report recognizes the companys excellence in addressing the challenge of password misuse.
Customers
growth-positive
Secret Double Octopus Introduces Multi-shield User Authentication for Enterprises, Eliminating the Need for Passwords
Secret Double Octopus has launched its authenticator app for enterprises, offering keyless multi-shield authentication technology. The app aims to increase enterprise-level security while eliminating the friction of standard authentication processes. The companys technology, based on Secret Sharing algorithms, provides keyless authentication and data-in-motion protection for cloud, mobile, and IoT. The app initiates a multi-shield authentication process with one tap, verifying or rejecting login attempts, payments, or transactions. The recently issued NIST Digital Identity guidelines draft discourages the use of SMS and highlights the lack of confidence in biometrics as a single factor of protection, which is expected to drive organizations towards keyless authentication systems. Secret Double Octopus is backed by Jerusalem Venture Partners, Iris Capital, Liberty Media, and Benhamou Global Ventures.
Customers
growth-positive
Secret Double Octopus raises $6m
Israeli cybersecurity company Secret Double Octopus has closed a $6 million Series A funding round. The investment will be used to expand R&D efforts and accelerate growth in key markets, including the US and Europe. Secret Double Octopus, founded in 2015, has developed keyless multi-shield connectivity and authentication technology based on Secret Sharing algorithms. Their solution provides topflight security and a seamless user experience. The company aims to prevent cyber attackers from accessing critical information for attacks. The new investors include Jerusalem Venture Partners, Liberty Media’s Israel Venture Fund, Iris Capital, Benhamou Global Ventures, and angel investor Yaniv Tal.
InvestmentExpand
Secret Double Octopus Raises $6M Series A eSecurity Planet
growth-positive
Secret Double Octopus Recognized as a Gartner Cool Vendor in Communications Service Provider Security Solutions
Secret Double Octopus has been recognized as a 2016 Gartner Cool Vendor in Communications Service Provider Security Solutions for its innovative approach to network security and authentication. The companys solution, which secures network traffic and authentication beyond the limitations of PKI, SSL, and VPN, uses keyless algorithms proven to be resilient to brute force attacks. Secret Double Octopus offers products that protect data in motion and solve authentication use cases. The company is backed by JVP, a prestigious VC firm.
Partners
Secret Double Octopus Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 39 |
| Team members | 5 |
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Secret Double Octopus Internal
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Admin Info
| Confidence | 102/100 |
| Missing | markets |
| BI Verification | Yanina Wainscheinker |
| Registrar ID | 515256808 |
| Crunchbase | secret-double-octopus |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Yanina Wainscheinker |
| Updater email | yanina.wainscheinker@sncentral.org |
| Last update | 2024-03-25T00:00:00.000Z |
| Created | 2015-10-26T00:00:00.000Z |
| Claimed | Yes |