According to published reports, Nok Nok Labs, a startup developing technology to help companies quickly validate the identities of their users over the Internet, has raised $15 million in financing from ONSET Ventures and Doll Capital Management.

Nok Nok Labs is backed by veterans of the security industry from PGP, Netscape, PayPal & Phoenix and have deep experience in building Internet scale security protocols and products. Based in Palo Alto, CA, the company was founded in November 2011 to unify the silos that plague current authentication technologies.

Nok Nok Labs is not another authentication vendor offering a point solution. Our solution is aimed at disrupting the underlying framework on which current authentication solutions depend. Our Unified Authentication Infrastructure leverages a new protocol--the Online Secure Transaction Protocol (OSTP), a scalable strong authentication protocol designed for modern computing requirements and the "Internet of Things".