September 21, 2011

The Road Ahead: A Round of Funding to Accelerate Lookout’s Growth

So far, 2011 has been a great year for Lookout.  In the last few months, we’ve rolled out new product features, partnered with major carriers – Verizon, Sprint and T-Mobile—and unveiled our powerful Mobile Threat Network that enables us to be the first to detect and protect against major mobile threats. And it is only September.

Today, we’re very excited to announce that Lookout has secured $40 million in funding led by our newest investor, Andreessen Horowitz (www.a16z.com), with the participation of our current investors Khosla Ventures, Accel Partners, and Index Ventures.  With investments in Facebook, Zynga, Groupon, and Skype, Andreessen Horowitz is a leading firm known for backing game-changing companies.  Jeff Jordan from Andreessen Horowitz will join our Board of Directors and be a valuable partner in our next stage of growth.  For Jeff’s perspective on why they invested in Lookout, you can check out his blog post.

In the last couple years, we’ve witnessed mobile devices become the next generation of computing.  Your phone has become your lifeline, and we are committed to providing you with the best possible protection for it.  This latest investment will allow us to expand into new markets and grow our world class team. Since launching in 2009, our user base has skyrocketed to over 12 million—adding one million users each month. We attribute our tremendous growth to our simple, yet powerful security application, and to our users who help spread the word about Lookout and mobile security.

We want to thank our investors and users for their continued support—we’re looking forward to the road ahead!

3 comments
  1. [...] entrepreneur—one with a compelling vision, passion, talent and commitment (read more from John here). He’s rapidly assembling an excellent executive team and a strong board. We are honored he chose [...]

  2. [...] is (justifiably) getting more and more attention. Recently Lookout raised an astounding $40M in a funding round to support their phone client security technology. Meanwhile, the large and established PC-security [...]

  3. John says:

    I wish you were publically traded, I would glady invest in your business!

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