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.