Portfolio News

The 25 Coolest Tech Companies in Israel – 14: Secret Double Octopus

Israel continues to produce an impressive number of highly successful tech companies for a country with a population of just 9 million people.

The Middle Eastern country is sometimes referred to as “Startup Nation” thanks to the sheer number of entrepreneurs building businesses there, particularly in cities like Tel Aviv.

Multinational tech companies like Google, Apple, Facebook, and Microsoft all have research centres in Israel but some of the local companies are arguably more interesting, with many of them specialising in drones, cybersecurity, and autonomous driving technology.

Take Mobileye, for example. The company’s autonomous driving technology was so interesting that Intel paid a whopping $15.3 billion (£11.8 billion) for it in March when it acquired the company.

The tech companies have been ranked based on interviews with multiple investors on the ground in Israel and what the firms have achieved over the last year.

 


 

14. Secret Double Octopus — password elimination service

14. Secret Double Octopus — password elimination service

Secret Double Octopus

Despite its rather peculiar name, Secret Double Octopus has a credible mission: to eliminate passwords from our daily lives.

The company’s app allows people to use their smartphones to authenticate that they are who they say they are. Instead of typing a password, which can be forgotten, phished, or compromised, users simply tap a push notification that’s sent to their phone when they try and access an account.

Secret Double Octopus announced it had received $6 million (£4.2 million) from investors in January and it launched a new authenticator app for businesses called “Octopus Authenticator” in March.

 

Source, full article: http://www.businessinsider.com/coolest-tech-startups-in-israel-2017-5/#15-dapulse-team-management-and-productivity-platform-11

  • 25 May, 2017
  • Posted by Anik Bose
  • 4 Tags
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