Nok Nok Labs Raises $8.25M in Series C Financing

noknoklabsNok Nok Labs, a Palo Alto, Calif.-based provider of online authentication solutions, raised $8.25m in Series C financing.

Backers included DDS, Raven Ventures, DCM Ventures, Lenovo Group Limited and ONSET Ventures.

The company, which has now raised $40m, intends to use the funds to expand the business in Asia Pacific, add support capabilities and partner with key regional, strategic investors.

Launched in 2011 by Ramesh Kesanupalli and led by¬†Phillip Dunkelberger, President and CEO, Nok Nok Labs¬†delivers client and server software that leverages the existing security capabilities on a user’s device such as a built-in fingerprint sensor, camera or Trusted Platform Module (TPM) in order to provide user-friendly authentication to any application.

In addition to the funding, the company also announced support for the FIDO 1.0 specifications with a new version of its NNLTM S3 Authentication Suite, delivering standards-based authentication for its customers and partners.

FinSMEs

09/12/2014

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