Follow The Money: 21 Recent Tech VC Investments In February

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Nok Nok Labs

Headquarters: Palo Alto, Calif.

CEO: Phillip Dunkelberger
New Funding: $16.5 million
Round: B
Backers: Lenovo Group Limited, DCM, ONSET Ventures

Bringing its total funding to $31.5 million, Nok Nok Labs has raised $16.5 million to put toward developing better solutions around online authentication for modern computing. Its NNL S3 authentication suite was released earlier in the month and is the first centralized platform for FIDO-Ready devices. In addition to continuing product development, the new funding will be used to drive forward sales, marketing and growing industry partnerships, the company said.

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