Lookout, a company that offers security data backup services for smartphones, has raised $11 Million in Series funding led by Accel Partners with Khosla Ventures and Trilogy Partnership also participating in the round. This brings the startup’s total funding to $16.5 million.

While smartphone use is growing rapidly, there are security risks associated with the increased data and application usage on these devices. Similar to a PC, users need to protect their phones from malware, viruses, data loss and more. Enter Lookout’s web-based, cloud-connected application, which will identify and block threats on a consumer’s phone. Users simply download the software to a device, and it will act as a virus protector much like security software downloaded to a computer.

Lookout, which only launched late last year, is now on more than 400 mobile networks in 170 countries. The service also has a number of cell phone unique service that make its offering compelling. For example, users can download a missing device locator function that will make a loud sound when a user activates the feature on their web account. Users can also see where their lost phone is using a geolocation feature. The new funding will be used towards additional product development.

Crunchbase

• LOOKOUT

Company: Lookout

Website: mylookout.com

Funding: $76M

Lookout provides award-winning security to protect your mobile phone from viruses, malware and spyware, the ability to backup and restore your data, and tools to help locate lost or stolen phones. Lookout’s unique cross-platform, cloud-connected applications are designed to be lightweight and efficient while delivering the best protection possible. Our Mobile Threat Network scans applications worldwide, allowing us to find and stop threats before they ever become a risk to you so you can rest assured that you’re protected...

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