Nok Nok Labs to Improve Authentication through Funding Round
July 18, 2017
Nok Nok Labs (NNL), an innovator in the modern authentication space and a founding member of the Fast Identity Online (FIDO) Alliance, recently announced that it has raised $8 million in Series D financing. The company delivers client and server software solutions that leverage the existing security capabilities on a user's device, such as a built-in fingerprint sensor, camera or secure layers of silicon in order to provide user-friendly, strong authentication to any mobile or Web application.
The funding round was led by Motorola Solutions Venture Capital, and all existing NNL investors participated in the financing. These companies included DCM (News - Alert) Ventures, DDS, Inc., DOCOMO Innovaions, Korea Information Certificate Authority (KICA) and ONSET Ventures.
NNL was launched in 2013 in an attempt to transform online authentication. Motorola’s (News - Alert) role as a strategic investor and partner will undoubtedly help boost the company’s standing. NNL's founder and FIDO Visionary, Ramesh Kesanupalli, is excited about this new move, saying, “Having Motorola Solutions as a strategic investor and partner will accelerate the use of FIDO enabled technologies in market verticals that have the most need for upgrading critical authentication infrastructure. Motorola Solutions will help drive adoption and shape FIDO specifications for these key markets.”
On its own, NNL will use this latest round of funding to accelerate the deployment of its authentication solution across the private and public markets. These will include government, public safety and first responder agencies. This is a direct reflection of the expansion of public safety broadband in countries around the world. Motorola Solutions will leverage NNL’s expertise and technology innovations to offer secure, strong and standards-based authentication to public safety customers.
“This funding is strong validation of our commitment to provide modern authentication solutions to a variety of environments and verticals as we continue to execute on the FIDO vision of simpler, stronger authentication,” said Phillip Dunkelberger, CEO of Nok Nok Labs. “Motorola Solutions' support will help us maximize the impact of our company's solutions by protecting citizens, first responders and more. It is an exciting and critical new market.”
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