Lookout, a US-based mobile security company backed by investors including wireless technology company Qualcomm and telecommunications firm Deutsche Telekom, closed a $150m series F round yesterday.
The latest round was led by investment funds managed by T. Rowe Price, and also featured Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs. Bezos Expeditions, Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz.
Founded in 2007, Lookout has created a software offering that uses a mobile intelligence graph and predictive threat identification to track threats to networks and devices in advance. It has accumulated 50 million users across the world.
Deuteche Telekom led Lookout’s last financing round, a $55m series E round in October 2013 that also included Qualcomm Ventures, Qualcomm’s corporate venturing unit, Greylock Partners, Mithril, Accel, Andreessen Horowitz, Index and Khosla.
The company has now raised about $280m since it was founded. Past investors also include Iris Capital, the venture firm backed by telecom company Orange and marketing firm Publicis.
Jim Dolce, Lookout’s chief executive, said: “With this new funding and our expanding footprint of consumer users, Lookout is best equipped to deliver the solutions large enterprises need to protect their businesses from increasingly sophisticated threats targeting mobile devices.”