Secret Double Octopus builds a workforce passwordless authentication platform designed to secure employee access while simplifying the user experience. Led by CEO Raz Refaeli and based in Menlo Park, CA, the company emphasizes broad enterprise use cases, ease of deployment on any infrastructure, and customizable transition paths to full passwordless operation. Its platform leverages multiple patented technologies, supports common standards and protocols, and offers deep integrations with other IAM vendors. The product is positioned for heavily regulated sectors, including financial institutions, defense contractors, critical infrastructure, and government agencies. The company says it will use the new funding to accelerate delivery of its solutions and services and to expand the reach of its platform into new markets and verticals. Secret Double Octopus offers an enterprise-grade, multi-factor passwordless authentication platform that eliminates passwords to reduce cyber risk and improve user experience. The platform is deployed at hundreds of global enterprises and is used by hundreds of thousands of employees across industries including finance, defense, government, and manufacturing. It facilitates more than a billion authentication requests annually and is recognized as a best-in-class vendor for workforce authentication. The company emphasizes phishing-resistant authentication and high-scale performance in mission-critical environments. Secret Double Octopus is pursuing expansion into new markets and recently appointed Timothy Youngblood to its board to support growth and enterprise adoption. The business closed a Series C round, raising $15 million to help meet increasing demand for its workforce-focused solutions. Secret Double Octopus is a Tel Aviv, Israel–based passwordless authentication platform led by CEO and co-founder Raz Rafaeli. Its Octopus Authentication Server allows employees to forego passwords when logging into workstations, cloud services, legacy applications and other common workplace tools. The platform supports biometrics, mobile devices and FIDO security keys and also offers integration with on-premises Active Directory systems. The company delivers enterprise security solutions designed to protect company assets. It currently serves mid-sized companies up to Fortune 50 customers around the globe. The company intends to use the funds to expand operations and its business reach. Secret Double Octopus is an Israeli cybersecurity startup offering keyless authentication and post-computational ("quantum-safe") data-in-motion protection. Its core product models authentication on the multi-piece consensus used for nuclear launch codes, combining passwordless factors with device biometrics and other parameters to produce a single identity. The company positions the approach as more secure against computational and quantum attacks while providing a seamless user experience compared with conventional two-factor methods. It says the technology can be deployed alongside existing security solutions and is developing related algorithms for IoT devices and network packet protection. Founded by academics and industry executives — Professor Shlomi Dolev (chief science officer), Dr Shimrit Tzur-David (CTO), Raz Rafaeli (CEO) and Chen Tetelman (VP R&D) — the startup recently completed a new funding round. The funding will support expanded R&D and business development in the U.S. and Europe.

Total raised

$36M

Funding rounds

4

Latest round

Series C

Latest activity

Jul 2024