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Minimizing the Mobile Threat with Lookout

Posted on 8.21.2014

With 80 percent of companies now supporting smartphones in the workplace, the issue of security is sure to be a top concern of digital professionals.

Employees are regularly accessing sensitive data and cyber criminals, of course, are fully aware of the trend. Fortunately, technologies are emerging which aim to offer some protection and they are catching the interest of not just enterprises, but investors as well.

Consumer-focused mobile security product Lookout, for example, which has an estimated base of more than 50 million users, recently completed a $150 million round of financing led by investment funds managed by T. Rowe Price Associates, Inc., with participation from a long list of new investors including Morgan Stanley and Goldman Sachs and Bezos Expeditions.

“Data is less secure than ever, and anxiety has created widespread demand for genuine transparency and control,” said Ajay Royan, Co-founder and Managing General Partner of Mithril. “Individuals and companies are abandoning legacy solutions that pose as security for more rigorous products like Lookout, which can not only see risks and behaviors that others can’t, but also has the intelligence to make predictions about mobile threats. Lookout is well placed to become the most transformative and durable security company for the mobile age.”

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