Nok Nok Labs Raises $8M in Series D Funding Led by Motorola Solutions
11 Luglio 2017 - 5:00PM
Business Wire
Strategic investment will bring Nok NokTM FIDO
Certified Solutions to the public safety and first responder market
verticals
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
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.
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.
MOTOROLA, MOTOROLA SOLUTIONS and the Stylized M Logo are
trademarks or registered trademarks of Motorola Trademark Holdings,
LLC and are used under license. All other trademarks are the
property of their respective owners. ©2017 Motorola Solutions, Inc.
All rights reserved.
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Media ContactsColleen
Williams703-309-1514williams@merrittgrp.comorKate Dyer, Motorola
Solutions224-374-3124kate.dyer@motorolasolutions.com
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