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Nok Nok Labs, which owns one of the easier-to-remember corporate names in Silicon Valley, has some welcome new venture capital at its disposal.
The Palo Alto, Calif.-based startup, known for its new-gen security authentication software, revealed July 11 that it has raised $8 million in a Series D financing led by Motorola Solutions Venture Capital.
All existing NNL investors also participated, including DDS, Inc., ONSET Ventures, DCM Ventures, Lenovo Group, Korea Information Certificate Authority (KICA), and DOCOMO Innovations.
The company, a founding member of the FIDO (Fast IDentity Online) Alliance, said it will use this latest round of funding to accelerate the deployment of its authentication package across the private and public markets, including government, public safety and first-responder agencies.
Nok Nok Labs allows organizations to support a wide range of authentication technologies from a single, unified platform. It competes in the same market as Ping Identity, Okta, Quest, RSA, Symantec and others.
Nok Nok Labs, launched in 2013, has become a market leader in commercial deployments of FIDO certified solutions. The company delivers client and server software products that use 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.
NNL also said it will use the funds to expand its channel sales infrastructure.
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