siliconindia | | March 20148Ramesh Kesanupalli founded Nok Nok Labs, an innovator in modern authentication, recently raised $16.5 million Series B funding i from Lenovo Group Limited, and current investors DCM and ONSET Ventures. George He, SVP and President of Ecosystem & Cloud Services Group at Lenovo, will join the Nok Nok Labs Board of Directors. Both Lenovo and Nok Nok Labs are founding members of the FIDO (Fast IDentity Online) Alliance.With this latest round of funding, Nok Nok Labs will accelerate the development including the reach of the recently announced NNL(TM) S3 authentication suite, the first centralized platform that will enable the usage of a broad range of FIDO-Ready(TM) devices. The company will also expand its sales, business development and marketing efforts, and continue to drive partnerships through the device ecosystems following the recently announced Trustonic and Synaptics partnerships. Together with the company's Series A financing, Nok Nok Labs has raised a total of $31.5 Million to date."The announcement of this round is perfectly timed to help us accelerate our work to bring to the market the FIDO Alliance's vision of a unified and standard online authentication environment," said Phillip Dunkelberger, President and CEO, Nok Nok Labs. He further adds, "We are very excited to be working more closely with Lenovo as a strategic partner given the rapid expansion of mobile devices and services in the Chinese market and Lenovo's global reach."Nok Nok Labs raises $16.5 Million in Series B FinancingCloud Security Company Apprity has raised $8 million from its series-A funding. The funding was led by Norwest Venture Partner's Pramod Haque, a senior managing partner, and Gaurav Garg, a founding partner at Wing ventures. According to Apprity's CEO, Rohit Gupta, the funding will provide a huge push to Apprity's Engineering and research & development arena. "Close to 98 percent of our projected outlay is in core engineering and research", says the CEO. Along with Rohit, Ganesh Kriti, CTO too brings in a valuable 18 years experience in innovation and product development in security technologies. Backing Apprity and its vision, Pramod Haque of Nowest Venture Partners says, "With many years of experience that these gentlemen have, it gives them a very interesting vantage point to assess the weaknesses of other systems and build something different". Apprity's deep research for threat patterns in the cloud at the granular level also excited Gupta of Wing Ventures.. The company was founded last year with a vision of developing a new paradigm in security, that would enable enterprises to confidently embrace and accelerate the shift to Cloud and SaaS. Apprity's services eliminate the threat landscape that traditional application security approaches, through the Bring-your's-own-device (BYOD) and Internet of things (IoT). These have opened up accessibility from various devices and end points. Cloud Security Firm Apprity raises $8 Million in Series A FundingRohit GuptaRamesh Kesanupalli
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