Nok Nok Labs Raises $8M in Series D Funding led by Motorola
Palo Alto, CA - June 11, 2017 - Nok Nok Labs (NNL), the leading innovator in modern authentication and a founding member of the FIDO (Fast IDentity Online) Alliance, today announced that it has raised $8 million in a Series D financing, led by Motorola Solutions Venture Capital (NYSE: MSI). All existing NNL investors participated in the financing, including DCM Ventures, DDS, Inc., DOCOMO Innovations, Korea Information Certificate Authority (KICA), Lenovo Group, and ONSET Ventures.
Nok Nok Labs will use this latest round of funding to accelerate the deployment of its strong authentication solution across the private and public markets including government, public safety and first responder agencies. Additionally, NNL will expand its channel infrastructure supporting channel partners in satisfying the growing demand for its authentication solutions.
“Motorola Solutions understands public safety users need technology that is both intuitive to use and highly secure,” said Paul Steinberg, Chief Technology Officer, Motorola Solutions. “As we continue to create innovative software, devices and networks, we will leverage Nok Nok Labs’ industry-leading technology to provide strong, secure authentication to users who need modern authentication capability.”
With the expansion of public safety broadband in countries around the world, Motorola Solutions will leverage Nok Nok Labs’ 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.”
Nok Nok Labs was publicly launched in 2013 to transform online authentication for modern computing. NNL’s founder and FIDO Visionary, Ramesh Kesanupalli, is seeing his vision becoming realized. “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.”
Nok Nok Labs is the leader in commercial deployments of FIDO Certified solutions. 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. Nok Nok Labs solutions allow organizations to support a wide range of authentication technologies from a single, unified platform.
Kate Dyer, Motorola Solutions
About Nok Nok Labs
Nok Nok Labs provides organizations with the ability to bring a unified approach to deploy easy to use and secure authentication infrastructure to their mobile and web applications, using standards-based solutions that include support for FIDO and other specifications. The Nok Nok S3 Authentication Suite enables organizations to accelerate revenues, reduce fraud, and strengthen security and privacy. Nok Nok Labs is a founding member of the more than 250 member FIDO Alliance, and has industry leading customers and partners that include AliPay, Lenovo, NTT DOCOMO, PayPal, and Samsung. For more information, visit www.noknok.com.
About Motorola Solutions
Motorola Solutions, Inc. (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit www.motorolasolutions.com/newsroom or subscribe to a news feed.
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