What is Secret Double Octopus?
Founded in 2015 and headquartered in Menlo Park, CA, Secret Double Octopus operates within the critical cybersecurity sector, specializing in password authentication software. The company aims to revolutionize how businesses manage and secure user credentials in an increasingly complex digital landscape. By providing advanced authentication solutions, Secret Double Octopus addresses the growing demand for robust security measures against sophisticated cyber threats, positioning itself as a key player in the enterprise-level security market.
How much funding has Secret Double Octopus raised?
Secret Double Octopus has raised a total of $36M across 3 funding rounds:
Series A
$6M
Series B
$15M
Series C
$15M
Series A (2017): $6M with participation from Iris Capital, Benhamou Global Ventures, and Jerusalem Venture Partners
Series B (2020): $15M led by Global Brain, Jerusalem Venture Partners, Yaniv Tal, Sony Financial Ventures, Iris Capital, Liberty Media, KDDI, and Benhamou Global Ventures
Series C (2024): $15M supported by BGV International, Jerusalem Venture Partners, and KDDI
Key Investors in Secret Double Octopus
Global Brain
Global Brain is an independent venture capital firm that specializes in supporting startups to achieve global success through hands-on assistance and collaboration with large corporations. With over $2.3 billion in assets under management, the firm actively invests in more than 100 startups annually, focusing on various sectors including technology, healthcare, and education.
Jerusalem Venture Partners
Founded in 1993, JVP is an international venture capital firm that specializes in investments in startup companies, focusing on digital media, enterprise software, semiconductors, data storage, and cybersecurity. JVP is located in Israel.
Iris Capital
IRIS is a venture capital firm that specializes in providing funding and sector-specific expertise to tech entrepreneurs at various stages, from seed and Series A to late-stage growth. The firm focuses on enhancing its investment capabilities in both venture and growth sectors, while also emphasizing ESG commitments.
What's next for Secret Double Octopus?
The recent enterprise-level funding, particularly the strategic investment in January 2024, signals Secret Double Octopus's readiness for accelerated scaling and market expansion. This capital infusion is expected to fuel further product development, enhance go-to-market strategies, and potentially broaden its global reach. The company's focus on passwordless authentication aligns with major industry trends, suggesting a strong potential for continued growth and innovation in the cybersecurity space.
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