Lookout plans enterprise security push after $150m funding deal

Lookout Security logo

Mobile security firm Lookout has announced plans to develop new enterprise-level products and services, having gathered $150m in funding.

Lookout, which currently has 50 million consumer users, said mobile threat analytics will be a key part of its enterprise offering. Lookout is a partner of numerous network carriers across the globe, including EE.

Lookout claims the data it collects from its network partners lets it offer “Whole Population Security Analytics”. The service uses machine intelligence to automatically analyse incoming threats and make predictive security decisions for Lookout customers.

Lookout CEO Jim Dolce said the firm’s mobile focus and advanced analytics will allow it to protect enterprise customers from a variety of threats. “The proliferation of mobile devices in the workplace has created a new set of security challenges for large enterprises,” he 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.”

Past this it is unclear what new services or changes to its existing technologies Lookout will make, or how the solutions will be sold. At the time of publishing Lookout had not responded to V3‘s request for comment.

Mobile devices are an increasingly popular target for hackers and new threats are discovered on a near daily basis. The majority of the attacks target Google’s Android operating system. Kaspersky Labs reported the infamous Koler “Police” ransomware infected more than 200,000 Android devices before being shut down in July.

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14 August 2014 | 9:40 am – Source: v3.co.uk

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