Secret Double Octopus, a Menlo Park, CA-based company which specializes in workforce passwordless authentication, received a strategic investment from SBI Holdings.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate the delivery of its solutions and services in new markets and verticals, thereby expanding the reach of its passwordless authentication platform.
Led by CEO Raz Refaeli, Secret Double Octopus is a leader in next-generation workforce authentication solutions. The platform enables organizations to bolster security while making the authentication experience seamless and universal for employees. Its solution is remarkably in 3 key areas: the range of enterprise use cases covered, ease of deployment on any infrastructure, and the customized transition options to being fully Passwordless.
By using a myriad of patented technologies, all common standards and protocols, and deep integrations with other IAM vendors, the platform can address the needs of customers across heavily regulated industries such as financial institutions, defense contractors, critical infrastructures, and government agencies, among others.
FinSMEs
30/10/2024