Secret Double Octopus

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.{{Cite web|url=https://in.bgu.ac.il/en/Pages/news/secret_octopus.aspx|title=BGU spin-off Secret Double Octopus Raises $6M to Replace Passwords and SMS Verification|last=|first=|date=|website=bgu.ac.il|archive-url=|archive-date=|access-date=}}{{Cite web|url=https://www.networkworld.com/article/3005839/this-companys-name-isnt-a-joke-secret-double-octopus-goes-beyond-encryption.html|title=Secret Double Octopus goes beyond encryption|last=Kepes|first=Ben|date=2015-11-18|website=Network World|language=en|access-date=2020-04-06}}

The company's core product is based on proprietary password alternatives for password-based legacy systems and secure communications using secret sharing algorithms, originally developed to protect nuclear launch codes,{{Cite web|url=https://www.researchgate.net/publication/335284710|title=Privacy-Preserving_Secret_Shared_Computations_using_MapReduce_IEEE_TDSC|last=|first=|date=|website=|archive-url=|archive-date=|access-date=}} now used to prevent cyber attacks. Secret Double Octopus' technology is regarded as a universal 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.[https://en.globes.co.il/en/article-passwordless-authentication-co-secret-double-octopus-raises-15m-1001327007 Cybersecurity co Secret Double Octopus raises $15 m], Globes

Secret Double Octopus has offices in Europe and the U.S. Its headquarters are in Tel-Aviv and Palo Alto, California.

The company offers an enterprise authentication platform that covers on-premises assets, cloud applications, remote tools (e.g. VPNs and RDPs), 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.[https://www.haaretz.com/israel-news/business/israels-spaceil-one-of-five-finalists-in-global-race-to-the-moon-1.5490803 Israel's SpaceIL One of Five Finalists in Global Race to the Moon], Haaretz

In April 2020, the company announced a $15 million Series B round to expand their passwordless authentication and remote-access security solutions for enterprises.[https://www.jpost.com/jpost-tech/israeli-startup-secret-double-octopus-raises-15-m-to-help-end-passwords-626595 Israeli startup Secret Double Octopus raises $15 m. to help end passwords], Jerusalem Post{{Cite web|date=2020-04-28|title=Secret Double Octopus raises $15 million to authenticate employees without passwords|url=https://venturebeat.com/2020/04/28/secret-double-octopus-raises-15-million-to-authenticate-employees-without-passwords/|access-date=2021-02-10|website=VentureBeat|language=en-US}} The new round brings the company's total funding to $22.5 million.[https://www.calcalistech.com/ctech/articles/0,7340,L-3813870,00.html Passwordless Authentication Start-up Raises $15 million], Calcalist

Double Octopus was named a Gartner 'Cool Vendor' in 2016{{Cite web|url=https://www.gartner.com/en/documents/3287925/cool-vendors-in-communications-service-provider-security|title=Cool Vendors in Communications Service Provider Security Solutions, 2016|website=Gartner|language=en|access-date=2020-04-06}} and in 2017, Business Insider listed it on its "50 startups that will boom according to VCs".{{Cite web|url=https://www.businessinsider.com/50-startups-to-boom-in-2018-according-to-vcs-2017-11|title=50 startups that will boom in 2018, according to VCs|last=Bort|first=Julie|website=Business Insider|access-date=2020-04-06}}

In 2021 the company was named "Best in Class" for enterprise passwordless authentication by the [https://aitegroup.com/ Aite Group]{{Cite press release|last=Octopus|first=Secret Double|title=Secret Double Octopus Named "Best in Class" for Enterprise Passwordless Authentication in New Aite Group Matrix Report|url=https://www.prnewswire.com/il/news-releases/secret-double-octopus-named-best-in-class-for-enterprise-passwordless-authentication-in-new-aite-group-matrix-report-301304041.html|access-date=2021-06-27|website=www.prnewswire.com|language=en}}

{{reflist}}

Category:Information technology companies

Category:Information technology companies of Israel

Category:Information technology companies of the United States

{{undercategorized|date=July 2024}}

{{ict-company-stub}}