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Lookout raises USD 150 mln to target business market
2014-08-13 16:27:00| Telecompaper Headlines
(Telecompaper) Mobile security software developer Lookout has raised another USD 150 million in financing to help expand its products to large companies. Lookout already counts over 50 million consumer users, including millions of paying customers. Its growth has been supported by strategic relationships with mobile operators such as Deutsche Telekom. The company will use the new funds to extend its reach to large enterprises through new product development and expanded go-to-market efforts. The financing was led by investment funds managed by T. Rowe Price Associates and includes participation from new investors Morgan Stanley Investment Management, Wellington Management Company, Goldman Sachs and Bezos Expeditions. Existing investors Mithril Capital Management, Khosla Ventures, Accel Partners, Index Ventures and Andreessen Horowitz also participated.
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Category:Telecommunications