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Lookout secures $55m in Deutsche Telekom-led round

11 Oct 2013

mobile-touchSecurity software developer Lookout has raised $55m in a round led by Deutsche Telekom‘s venture arm to fund its international expansion.

The round was also supported by Qualcomm Ventures, Greylock Partners and Mithril Capital Management also participated in the round, as did existing backers Accel Partners, Andreessen Horowitz, Index Ventures, and Khosla Ventures.

The company plans to launch Lookout for Business to protect businesses from mobile threats.

Lookout is currently expanding worldwide by partnering with global mobile operators, including Deutsche Telekom, Orange, Sprint and T-Mobile.

Andreessen Horowitz general partner Jeff Jordan said, “Mobile has taken over as the dominant computing platform. Governments and businesses around the world now rely on mobile for their most important communications and infrastructure.

“Deutsche Telekom is taking a leadership role in promoting the security of the mobile ecosystem. We’re excited to partner with the new investors in supporting Lookout’s efforts to secure the next generation of computing.”

Last month private equity firm EQT made an offer for 100 per cent of Deutsche’s Scout24 unit.

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