Secret Double Octopus
 | |
| Company type | Private |
|---|---|
| Industry | Security Software |
| Founded | 2015 |
| Headquarters | Tel-Aviv , Israel |
Area served | Worldwide |
Key people | |
Number of employees | 40 (2020) |
| Website | Official website |
Secret Double Octopus (SDO) is an Israeli software company specializing in passwordless authentication for enterprise environments.[1]
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.[2][3]
The company's core product is based on Secret Sharing algorithms, originally developed to protect nuclear launch codes,[4] 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.[5]
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 (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.[6]
In April 2020, the company announced a $15 million Series B round to expand their passwordless authentication and remote-access security solutions for enterprises.[7] The new round brings the company’s total funding to $22.5 million.[8]
Awards and recognition
Double Octopus was named a Gartner 'Cool Vendor' in 2016.[9] In 2017, Business Insider asked VCs to list start-ups that would take off in 2018 and Double Octopus was on the list.[10]
See also
References
- ^ Israel's Secret Double Octopus Raises $15 Million to Help Eliminate Passwords Israel Defense
- ^ "BGU spin-off Secret Double Octopus Raises $6M to Replace Passwords and SMS Verification". bgu.ac.il.
{{cite web}}: CS1 maint: url-status (link) - ^ Kepes, Ben (2015-11-18). "Secret Double Octopus goes beyond encryption". Network World. Retrieved 2020-04-06.
- ^ "Privacy-Preserving_Secret_Shared_Computations_using_MapReduce_IEEE_TDSC".
{{cite web}}: CS1 maint: url-status (link) - ^ Cybersecurity co Secret Double Octopus raises $15 m Globes
- ^ Israel’s SpaceIL One of Five Finalists in Global Race to the Moon, Haaretz
- ^ Israeli startup Secret Double Octopus raises $15 m. to help end passwords, Jerusalem Post
- ^ Passwordless Authentication Start-up Raises $15 million Calcalist
- ^ "Cool Vendors in Communications Service Provider Security Solutions, 2016". Gartner. Retrieved 2020-04-06.
- ^ Bort, Julie. "50 startups that will boom in 2018, according to VCs". Business Insider. Retrieved 2020-04-06.