Successful CMOs achieve growth by leveraging technology. Join us for GrowthBeat Summit on June 1-2 in Boston
, where we'll discuss how to merge creativity with technology to drive growth. Space is limited. Request your personal invitation here
Wake up and smell the brute force: Passwords are not the best way to log in to everything for the rest of your life.
Nok Nok Labs has been propelling a movement to try other technologies in order to verify that you are who say you are when you try to use a service. Microphones, cameras, or fingerprint scanners could represent worthy alternatives, the startup has said.
That stance is getting new validation today, with computer manufacturer Lenovo signing on as an investor in a new $16.5 million funding round.
With the fresh cash, Nok Nok will be better equipped to deploy its recently announced authentication services for any application on Windows desktop computers and Android and iOS mobile devices.
The impact could be interesting to both consumers who don’t want to get locked of their accounts as well as businesses interested in preventing unauthorized access to sensitive data.
Nok Nok, which started in 2011 and is based in Palo Alto, Calif., is a founding member of FIDO Alliance, a non-profit organization formed in 2012 to fix the problems latent in reliance on simple usernames and passwords. Nok Nok’s press release talks about making “FIDO-ready devices” that meet interoperability standards. (One product cleared as FIDO-ready is an 8 GB microSD card for Android and Windows devices.)
Previous Nok Nok investors DCM and Onset Ventures participated in the new round. Nok Nok Labs has now raised $31.5 in total funding, including $4 million in debt financing the startup disclosed last June.
With over $30B+ in sales, Lenovo is the fastest growing major PC maker. The company climbed to number 2 in worldwide PC market share and continues its fast ascent. Today, Lenovo is a global corporation with significant operations on si... read more »
Nok Nok Labs, Inc., based in Palo Alto, CA, was founded to transform online authentication for modern computing. The company is backed by a team of security industry veterans from PGP, Netscape, PayPal & Phoenix, and have a deep experi... read more »
Powered by VBProfiles
VentureBeat’s VB Insight team is studying marketing analytics...
Chime in here, and we’ll share the results.