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Secret Double Octopus is a technology company.
Secret Double Octopus has raised $23.0M across 3 funding rounds.
Secret Double Octopus has raised $23.0M in total across 3 funding rounds.
Secret Double Octopus is a leader in passwordless multi-factor authentication (MFA), providing secure access solutions that eliminate the need for passwords, enhancing security and user experience.
Secret Double Octopus has raised $23.0M in total across 3 funding rounds.
Secret Double Octopus's investors include Yoav Tzruya, Jerusalem Venture Partners (JVP).
Secret Double Octopus is a cybersecurity company specializing in passwordless multi-factor authentication (MFA) solutions designed to eliminate passwords and enhance enterprise security. Their Octopus Authentication Platform provides seamless, phishing-resistant access across workstations, cloud services, legacy applications, and VPNs, serving a broad range of organizations from SMBs to Fortune 50 companies. The platform improves security posture while simplifying user experience and reducing IT support costs by removing the need for password management[1][2][4][5].
Founded in 2015, the company has grown to handle hundreds of thousands of authentications daily, demonstrating strong growth momentum and adoption in highly regulated industries. Their solution addresses the critical problem of password vulnerabilities, enabling enterprises to transition to a fully passwordless environment with minimal disruption[1][3][5].
Secret Double Octopus was founded in 2015 by renowned cryptography researchers and experienced cybersecurity engineers with a mission to eliminate passwords from daily work life and create a more secure digital environment. The idea emerged from recognizing the persistent security risks and user friction caused by passwords, aiming to replace them with a strong, user-friendly authentication method. Early traction included recognition as a Gartner “Cool Vendor” in 2016 and rapid adoption by mid-sized to Fortune 50 enterprises globally[1][3][4][6].
Secret Double Octopus rides the growing trend toward passwordless security driven by increasing cyber threats like phishing and the need for seamless, secure access in hybrid and cloud environments. The timing is critical as enterprises accelerate digital transformation and zero-trust security adoption, demanding stronger, user-friendly authentication methods. Market forces such as regulatory compliance, rising cyberattacks, and the cost of password management favor solutions like theirs. By enabling enterprises to eliminate passwords at scale, they influence the broader ecosystem by setting new standards for secure access and reducing the attack surface across industries[1][4][5].
Looking ahead, Secret Double Octopus is well-positioned to expand its footprint as passwordless authentication becomes a security imperative. Trends such as zero-trust architectures, regulatory mandates for strong authentication, and hybrid work models will shape their growth trajectory. Their ability to integrate with existing infrastructure and scale quickly offers a competitive edge. Future innovation may focus on deeper integrations, AI-driven security enhancements, and expanding into new sectors. Their influence is likely to grow as enterprises seek to modernize authentication without compromising security or user experience, making the vision of a passwordless future increasingly tangible[1][5].
Secret Double Octopus has raised $23.0M across 3 funding rounds. Most recently, it raised $15.0M Series B in April 2020.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2020 | $15.0M Series B | Yoav Tzruya, Jerusalem Venture Partners (JVP) | |
| Jan 1, 2017 | $6.0M Series A | Yoav Tzruya, Jerusalem Venture Partners (JVP) | |
| Jan 1, 2016 | $2.0M Seed | Jerusalem Venture Partners (JVP) |