Secret Double Octopus, a Tel Aviv, Israel-based passwordless authentication platform, raised $15M in Series B funding.
The round included Sony Financial Ventures, KDDI, and Global Brain as well as prior investors Jerusalem Venture Partners, Benhamou Global Ventures, Liberty Media, Iris Capital and Yaniv Tal.
The company intends to use the funds to expand operations and its business reach.
Led by Raz Rafaeli, CEO and Co-Founder, Secret Double Octopus specializes in passwordless authentication for the enterprise, delivering security solutions that allow companies to leverage biometrics, mobile devices, and FIDO security keys to protect company assets. The Octopus Authentication Server allows employees to forego a password when logging into workstations, cloud services, legacy applications, and other common workplace tools. It also offers similar support for on-premises Active Directory systems. The platform is now serving mid-sized to Fortune 50 customers around the globe.