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,[4] 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.[5]
Secret Double Octopus has offices in Europe and the U.S. Its headquarters are in Tel-Aviv and Palo Alto, California.
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][8] The new round brings the company's total funding to $22.5 million.[9]
Awards and recognitionedit
Double Octopus was named a Gartner 'Cool Vendor' in 2016[10] and in 2017, Business Insider listed it on its "50 startups that will boom according to VCs".[11]
In 2021 the company was named "Best in Class" for enterprise passwordless authentication by the Aite Group[12]
^"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.
^Octopus, Secret Double. "Secret Double Octopus Named "Best in Class" for Enterprise Passwordless Authentication in New Aite Group Matrix Report". www.prnewswire.com. Retrieved 2021-06-27.
This article about an IT-related or software-related company or corporation is a stub. You can help Wikipedia by expanding it.
secret, double, octopus, israeli, software, company, specializing, passwordless, authentication, enterprise, environments, company, typeprivateindustrysecurity, softwarefounded2015headquarterspalo, alto, avivarea, servedworldwidekey, peopleraz, rafaeli, shimri. Secret Double Octopus SDO is an Israeli software company specializing in passwordless authentication for enterprise environments 1 Secret Double OctopusCompany typePrivateIndustrySecurity SoftwareFounded2015HeadquartersPalo Alto Tel AvivArea servedWorldwideKey peopleRaz Rafaeli CEO Shimrit Tzur David CSO Chen Tetelman CTO Shlomi DolevNumber of employees50 2021 WebsiteOfficial website Contents 1 History 2 Product and funding 3 Awards and recognition 4 See also 5 ReferencesHistory editThe 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 proprietary password alternatives for password based legacy systems and secure communications using secret sharing algorithms originally developed to protect nuclear launch codes 4 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 5 Secret Double Octopus has offices in Europe and the U S Its headquarters are in Tel Aviv and Palo Alto California Product and funding editThe 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 8 The new round brings the company s total funding to 22 5 million 9 Awards and recognition editDouble Octopus was named a Gartner Cool Vendor in 2016 10 and in 2017 Business Insider listed it on its 50 startups that will boom according to VCs 11 In 2021 the company was named Best in Class for enterprise passwordless authentication by the Aite Group 12 See also editEconomy of Israel Start up NationReferences edit 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 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 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 Secret Double Octopus raises 15 million to authenticate employees without passwords VentureBeat 2020 04 28 Retrieved 2021 02 10 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 Octopus Secret Double Secret Double Octopus Named Best in Class for Enterprise Passwordless Authentication in New Aite Group Matrix Report www prnewswire com Retrieved 2021 06 27 nbsp This article about an IT related or software related company or corporation is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Secret Double Octopus amp oldid 1177305325, wikipedia, wiki, book, books, library,
