 | |
| Company type | Private |
|---|---|
| Industry | Security Software |
| Founded | 2015 |
| Headquarters | |
Area served | Worldwide |
Key people |
|
Number of employees | 50 (2021) |
| Website | Official website |
Secret Double Octopus (SDO) is a cybersecurity software company specializing in passwordless authentication for enterprise environments. [1]
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 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 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]
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]
Remote Authentication Dial-In User Service (RADIUS) is a networking protocol that provides centralized authentication, authorization, and accounting (AAA) management for users who connect and use a network service. RADIUS was developed by Livingston Enterprises in 1991 as an access server authentication and accounting protocol. It was later brought into IEEE 802 and IETF standards.
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Passwordless authentication is an authentication method in which a user can log in to a computer system without the entering a password or any other knowledge-based secret. In most common implementations users are asked to enter their public identifier and then complete the authentication process by providing a secure proof of identity through a registered device or token.
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Transmit Security is a private cybersecurity and identity and access management company based in Tel Aviv, Israel and Boston, Massachusetts. Founded by Mickey Boodaei and Rakesh Loonkar in 2014, Transmit Security provides companies with customer authentication, identity orchestration, and workforce identity management services. In June 2021, the company completed a Series A funding round by raising $543 million, which was reported to be the largest Series A in cybersecurity history. Transmit Security is a FIDO Alliance Board member.
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