Secret Double Octopus


Secret Double Octopus is an Israeli software company specializing in passwordless authentication for enterprise environments.

History

The company was founded in 2015 by a team of entrepreneurs and security researchers from Ben-Gurion University of the Negev in Beersheba. The team was led by Prof. Shlomi Dolev and Dr. Shimrit Tzur-David.
The company's core product is based on Secret Sharing algorithms, originally developed to protect nuclear launch codes, now used to prevent common password-related cyber attacks. Secret Double Octopus' technology is regarded as a replacement for passwords, OTPs, physical security keys, smart cards and other authentication mechanisms.
The company uses proprietary phone-as-a-token technology to prevent unauthorized use of systems while preventing identity theft.
Secret Double Octopus has offices in Europe and the U.S. Its headquarters are in Tel-Aviv.

Product and funding

The company offers an enterprise authentication platform that covers on-premises assets, cloud applications, remote tools, desktop/laptop workstation authentication and an authenticator app for passwordless authentication or Multi-factor authentication.
The company raised a $6 million A round from JVP, Iris Capital, Liberty Israel and Benhamou Global Ventures.
In April 2020, the company announced a $15 million Series B round to expand their passwordless authentication and remote-access security solutions for enterprises.
The new round brings the company’s total funding to $22.5 million.

Awards and recognition

Double Octopus was named a Gartner 'Cool Vendor' in 2016. In 2017, Business Insider asked VCs to list start-ups that would take off in 2018 and Double Octopus was on the list.