What is Secret Double Octopus?
Founded in 2015 and headquartered in Menlo Park, California, Secret Double Octopus provides advanced password authentication software designed to eliminate the security risks inherent in legacy password systems. The company operates at the intersection of identity and access management (IAM) and cybersecurity, offering a seamless, passwordless experience that enhances both user productivity and organizational security posture. By replacing vulnerable credentials with cryptographic authentication, the firm addresses the growing need for zero-trust architectures in modern enterprise environments. Its market position is bolstered by a strong focus on cross-border innovation and enterprise-level scalability, making it a preferred partner for global organizations seeking to modernize their digital infrastructure.
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 Benhamou Global Ventures, Global Brain, Iris Capital, Sony Financial Ventures, Yaniv Tal, Liberty Media, Jerusalem Venture Partners, and KDDI
Series C (2024): $15M supported by KDDI, BGV International, and Jerusalem Venture Partners
Key Investors in Secret Double Octopus
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 cyber security.
Benhamou Global Ventures
A Silicon Valley-based venture capital firm focusing on Enterprise 5.0 companies and cross-border innovation, specifically targeting startups that transform enterprise automation.
KDDI
A major Japanese telecommunications provider offering fixed and mobile line services, internet connectivity, and strategic investment support for global technology enterprises.
What's next for Secret Double Octopus?
Looking ahead, the infusion of capital from its latest funding round positions Secret Double Octopus to aggressively expand its market footprint and deepen its technological moat. The strategic focus will likely center on enhancing its authentication platform to support increasingly complex hybrid-cloud environments and evolving regulatory compliance requirements. By maintaining strong alliances with its diverse investor base—which includes telecommunications giants and specialized venture capital firms—the company is well-equipped to navigate the competitive cybersecurity landscape. Future growth initiatives will likely prioritize the integration of advanced machine learning capabilities to further automate identity verification, ensuring that the firm remains at the forefront of the passwordless revolution as it scales toward potential future liquidity events.
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