MENLO PARK, Calif.–(BUSINESS WIRE)–Secret Double Octopus, the market leader in workforce passwordless authentication, today announced the successful raising of additional equity funding as part of the second tranche of its Series C.
SDO’s platform is being used by Fortune 500 companies to eliminate passwords from all employee workflows, and has received the support of prominent VCs, IAM market leaders, and industry analysts. In recent years the platform demonstrated its robustness in many high-scale deployments in complex IT environments. The addition of SBI, a key player in the Japanese financial sector, will bolster the company’s Go-To-Market strategy of leveraging partnerships globally. These new funds will be utilized to accelerate the delivery of the company’s solutions and services in new markets and verticals, thereby expanding the reach of its transformative passwordless authentication platform.
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