# Nok Nok Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nok-nok-labs

- Industry: IT Security/Cybersecurity
- Headquarters: Palo Alto, US
- Website: www.noknok.com
- Total disclosed funding: $56M
- Latest round: Series D (Jun 9, 2017)
- Investors on record: 8

## About

Nok Nok Labs, Inc. provides advanced passwordless authentication solutions, emphasizing security and user convenience. The company specializes in FIDO-certified products that cater to various sectors requiring reliable digital identity verification.Founded in 2011 in Palo Alto, US, Nok Nok Labs, Inc. focuses on passwordless authentication technologies. The company has undergone significant development, leading to the creation of innovative solutions in digital security. Its CEO is Phillip Dunkelberger, who oversees the company’s strategic direction. Nok Nok Labs has achieved recognition for its substantial contributions to authentication systems, partnering with various global enterprises. The company has successfully completed 7 funding rounds, with its most recent round being Series D, raising USD 8.07 mn led by Motorola Solutions Venture Capital, resulting in a total raised amount of USD 8.07 mn and a current valuation of USD 58.605 mn.Nok Nok, Inc. specializes in passwordless authentication solutions, primarily through its core offerings, including the Nok Nok S3 Suite and FIDO-certified products. These solutions leverage advanced biometric capabilities and FIDO standards to provide secure and user-friendly authentication experiences across various digital platforms. The S3 Suite facilitates seamless transitions from traditional password systems to modern authentication methods, enhancing security while reducing user friction. Nok Nok's products are designed for a wide array of end users, including financial institutions, government agencies, e-commerce platforms, and mobile network operators. Notable clients include MUFG, Intuit, and Fujitsu, who utilize these solutions globally, particularly in markets such as North America, Europe, and Asia, where the demand for robust authentication systems is rapidly increasing.Nok Nok, Inc. generates revenue primarily through partnerships with enterprises and organizations requiring enhanced digital security solutions. The company's business model revolves around subscription-based services and direct partnerships with clients across various sectors. Clients typically engage with Nok Nok to implement its flagship products, such as the S3 Suite, which offers comprehensive authentication capabilities tailored to their operational needs. Revenue is derived from both the initial setup and ongoing service agreements, ensuring continuous support and updates for the authentication systems deployed. The pricing structure is designed to accommodate organizations of varying sizes, with tailored solutions that reflect the specific security requirements and scale of operations of each client.In June 2025, Nok Nok Labs, Inc. was acquired by OneSpan Inc. This acquisition aims to integrate Nok Nok's capabilities into OneSpan's offerings, enhancing its digital security suite. Future growth plans include the potential launch of new authentication products designed to expand their market reach. Specific geographic expansion is targeted towards strengthening partnerships in emerging markets, particularly in Asia and Europe, where demand for secure authentication is increasing. The recent funding will be utilized to support the integration process and develop new solutions to meet the evolving needs of clients.

## Funding rounds

- Series D, Jun 9, 2017, $8.1M — DCM, ONSET Ventures, Motorola Solutions Venture Capital, DOCOMO Innovations, Lenovo Group, DDS, Inc., Korea Information Certificate Authority Inc.
- Series C, Aug 26, 2015, $8M — DCM, ONSET Ventures, Raven, Lenovo Group
- Series C, Dec 5, 2014, $8.3M — DCM, ONSET Ventures, Raven, Lenovo Group, DDS, Inc.
- Series B, Feb 13, 2014, $17M — DCM, ONSET Ventures, Lenovo Group
- Series A, Dec 31, 2011, $15M — DCM, ONSET Ventures

## Investors

- DCM (https://capitalatlas.ai/funds/dcm) — Series A, Series B, Series C, Series D
- ONSET Ventures (https://capitalatlas.ai/funds/onset-ventures) — Series A, Series B, Series C, Series D
- Lenovo Group — Series B, Series C, Series D
- Raven (https://capitalatlas.ai/funds/raven) — Series C
- DDS, Inc. — Series C, Series D
- Motorola Solutions Venture Capital (https://capitalatlas.ai/funds/motorola-solutions-venture-capital) — Series D
- DOCOMO Innovations (https://capitalatlas.ai/funds/docomo-innovations) — Series D
- Korea Information Certificate Authority Inc. — Series D