# Secret Double Octopus

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/secret-double-octopus

- Industry: IT Security/Cybersecurity
- Headquarters: Menlo Park, US
- Website: www.doubleoctopus.com
- Total disclosed funding: $38M
- Latest round: Series C (Jan 16, 2024)
- Investors on record: 9

## About

Established in 2015 and based in California, US, Secret Double Octopus Ltd. operates as a cybersecurity company that offers passwordless protection and authentication solutions. Raz Rafaeli (CEO and CRO), Chen Tetelman (CTO), and Shimrit Tzur-David (CSO) are the co-founders of the company. In October 2024, Secret Double Octopus Ltd. raised an undisclosed amount of venture funding from new investor SBI Investment. The round was part of a larger USD 15 series C funding.

The company provides passwordless multi-factor authentication (MFA) solutions for enterprises. The firm’s Octopus Platform eliminates user-managed passwords, enhancing security and user experience. Secret Double’s platform integrates with existing IT infrastructure, offering phishing-resistant MFA and protecting legacy applications. The company ensures secure authentication for a wide range of enterprise use cases, from desktops to cloud applications, by utilizing advanced biometrics and the FIDO2 standard.

The company will use the funding to support the company's global partnership network plans.

## Funding rounds

- Series C, Jan 16, 2024, $15M — Jerusalem Venture Partners, KDDI, BGV, SC Ventures
- Series B, Apr 28, 2020, $15M — Jerusalem Venture Partners, IRIS, KDDI, Liberty Media Corporation, BGV, Global Brain, Sony Financial Ventures
- Series A, Jan 24, 2017, $6M — Jerusalem Venture Partners, IRIS, BGV, Liberty Israel Venture Fund
- Seed, Jan 24, 2016, $1.5M — Jerusalem Venture Partners

## Investors

- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Seed, Series A, Series B, Series C
- IRIS (https://capitalatlas.ai/funds/iris) — Series A, Series B
- BGV (https://capitalatlas.ai/funds/bgv) — Series A, Series B, Series C
- Liberty Israel Venture Fund (https://capitalatlas.ai/funds/liberty-israel-venture-fund) — Series A
- KDDI — Series B, Series C
- Liberty Media Corporation — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- Sony Financial Ventures — Series B
- SC Ventures — Series C