Lookout Lands $11 Million From Accel, Khosla And Others For Smartphone Security Platform
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.