SC Ventures backs cybersecurity company Secret Double Octopus

Israeli cybersecurity company Secret Double Octopus has picked up a cash injection from Standard Chartered’s FinTech investment unit SC Ventures.

However, reports did not disclose how much money was involved in the passwordless authentication company’s new round.

“The changes in the way people work and communicate today require a shift in how organisations secure their employees and clients,” says Alex Manson, SC Ventures. “We are thrilled to partner with Secret Double Octopus as they transform enterprise authentication standards, helping organisations like ourselves better manage their cybersecurity risks, while streamlining employee workflows.”

Secret Double Octopus most recently secured $15m in its Series B round in April this year. Funding for that round came from Sony Financial Ventures, KDDI and Global Brain. Previous Secret Double Octopus backer Jerusalem Venture Partners also contributed to the round.

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