Lookout, a San Francisco, CA-based provider of security software that protects from mobile threats, secured $55m in strategic financing.
The round was led by Deutsche Telekom, with participation from Qualcomm Incorporated, which invested through its venture capital arm Qualcomm Ventures, Greylock Partners and Peter Thiel-backed Mithril Capital Management as well as current investors Accel Partners, Andreessen Horowitz, Index Ventures, and Khosla Ventures.
The company intends to use the funds to continue international expansion, extend its reach into the enterprise and invest in security beyond mobile.
Co-founded by John Hering, CEO, Kevin Mahaffey, CTO, and James Burgess, CIO, Lookout provides people, businesses and networks with security software to prevent fraud, protect data and defend privacy. It secures the mobile experience for people through Lookout Mobile Security, a consumer app, and Lookout for Business, a cloud-based business offering for device security and management.
The company has more than 200 employees across offices in San Francisco and London.
21/09/2011: Lookout Mobile Security Closes $40M Funding
23/12/2010: Lookout Mobile Security Raises $19.5M in Series C Financing
18/05/2010: Lookout Completes $11M Series B Funding