Dark Reading is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Endpoint

8/25/2015
08:35 AM
Dark Reading
Dark Reading
Products and Releases
50%
50%

Nok Nok Labs Announces Close of $16.25M Series C Funding Round

New Strategic Investors Based in South Korea, China and Japan Validate Strong Momentum in FIDO Ecosystem

Aug 25, 2015

Palo Alto, CA – Nok Nok Labs, an innovator in modern authentication and a founding member of the FIDO Alliance, today announced that it has completed the second and final closing of $8M in its Series C Financing, raising a total of $16.25M.  This total amount includes the existing $8.25M raised in December 2014
 
New strategic investors were added to the oversubscribed round, including DaouKiwoom Group from South Korea;DOCOMO Capital from Japan; and Thundersoft from China.  The round also includes current investors DCM Ventures, Lenovo Group, ONSET Ventures and Raven Ventures and related affiliates.  Mr. Ik-Rae Kim, the Founder and Executive Chairman of the DaouKiwoom Group, will join the Nok Nok Labs Board of Directors. 
 
This latest round of funding will be used to: 

  • Expand sales, support and channel infrastructure to support the growing customer pipeline;
  • Facilitate global opportunities and meet the growing demands in the Asia Pacific (APAC) region; and
  • Continue technology innovation around and beyond the FIDO specifications.

“We are very excited to partner with Nok Nok Labs in their next phase of growth,” said Mr. Sang-Joon Kim, Senior Vice President at Korea Information Certificate Authority, Inc. (KICA), part of the DaouKiwoom Group. "KICA is Korea’s leading digital and biometric authentication services provider and sees exceptional potential to change online authentication – especially in the South Korean market.  We view this investment and partnership with Nok Nok Labs as strategic to this opportunity.”
 
In May 2015, Nok Nok Labs announced that NTT DOCOMO, INC. (“DOCOMO”) had selected the NNLTM  S3 Authentication Suite to deliver simple and strong authentication to DOCOMO’s ecosystem of millions of customers and mobile devices, to deliver carrier-scale services.
 
 “This investment by DOCOMO Capital is strong validation for Nok Nok Labs as the first company to bring the FIDO Universal Authentication Framework (UAF) server to the market,” said Neil Sadaranganey, Managing Director at DOCOMO Capital. “We are big believers in the FIDO specifications to solve the current and future authentication needs of our customers. We continue to be very pleased with the NNL S3 Suite and look forward to a long-lasting partnership.”
 
Nok Nok Labs was launched in 2011 by Ramesh Kesanupalli, the visionary behind the FIDO Alliance, to transform online authentication for modern computing. 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 Trusted Platform Module (TPM), in order to provide user-friendly, strong authentication to any application. Unlike current siloed authentication solutions, Nok Nok Labs allows 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 strong, FIDO-based authentication infrastructure to their mobile and web applications.  The Nok Nok Labs S3 Authentication Suite enables organizations to accelerate revenues, reduce fraud, and strengthen security. Nok Nok Labs is a founding member of the FIDO Alliance with customers and partners that include NTT DOCOMO, PayPal, AliPay, Samsung and Lenovo.  For more information, visit www.noknok.com.

 

Recommended Reading:

Comment  | 
Print  | 
More Insights
Comments
Threaded  |  Newest First  |  Oldest First
Commentary
How SolarWinds Busted Up Our Assumptions About Code Signing
Dr. Jethro Beekman, Technical Director,  3/3/2021
News
'ObliqueRAT' Now Hides Behind Images on Compromised Websites
Jai Vijayan, Contributing Writer,  3/2/2021
News
Attackers Turn Struggling Software Projects Into Trojan Horses
Robert Lemos, Contributing Writer,  2/26/2021
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Current Issue
2021 Top Enterprise IT Trends
We've identified the key trends that are poised to impact the IT landscape in 2021. Find out why they're important and how they will affect you today!
Flash Poll
How Enterprises are Developing Secure Applications
How Enterprises are Developing Secure Applications
Recent breaches of third-party apps are driving many organizations to think harder about the security of their off-the-shelf software as they continue to move left in secure software development practices.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2020-5148
PUBLISHED: 2021-03-05
SonicWall SSO-agent default configuration uses NetAPI to probe the associated IP's in the network, this client probing method allows a potential attacker to capture the password hash of the privileged user and potentially forces the SSO Agent to authenticate allowing an attacker to bypass firewall a...
CVE-2020-36255
PUBLISHED: 2021-03-05
An issue was discovered in IdentityModel (aka ScottBrady.IdentityModel) before 1.3.0. The Branca implementation allows an attacker to modify and forge authentication tokens.
CVE-2019-18351
PUBLISHED: 2021-03-05
An issue was discovered in channels/chan_sip.c in Sangoma Asterisk through 13.29.1, through 16.6.1, and through 17.0.0; and Certified Asterisk through 13.21-cert4. A SIP request can be sent to Asterisk that can change a SIP peer's IP address. A REGISTER does not need to occur, and calls can be hijac...
CVE-2021-27963
PUBLISHED: 2021-03-05
SonLogger before 6.4.1 is affected by user creation with any user permissions profile (e.g., SuperAdmin). An anonymous user can send a POST request to /User/saveUser without any authentication or session header.
CVE-2021-27964
PUBLISHED: 2021-03-05
SonLogger before 6.4.1 is affected by Unauthenticated Arbitrary File Upload. An attacker can send a POST request to /Config/SaveUploadedHotspotLogoFile without any authentication or session header. There is no check for the file extension or content of the uploaded file.