Lookout Raises $5.5 Million For Smartphone Security
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San Francisco-based Lookout has raised $5.5 million from investors including Khosla Ventures to investigate the growing concerns about smartphone security.
The company was previously a consulting firm named Flexilis that was founded by recent graduates of USC. The company is testing security software for Windows Mobile and Android, and will soon release software for BlackBerry and iPhone, reports the NYTimes. The apps have PC-like security features, such as anti-virus and firewall protection from malicious programs, but also mobile-specific features, such as data backup and the ability to locate and wipe your phone if it gets lost.
The software will be free, but if you want additional features, the company plans to charge a monthly subscription. John Hering, Lookout’s CEO, said: “It feels a lot like it did in 1999 in desktop security. People are using the mobile Web and downloading applications more than ever before, and there are threats that come with that.”
Competitors include: Research In Motion, Good Technology, security firms, like Symantec, which have a mobile divison, and Trust Digital.
Posted In: Mobile, Money, M&A & Venture Capital, Venture Capital
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