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Lookout Closes $55M in Strategic Financing From Industry Leaders, Deutsche Telekom, Qualcomm, Greylock Ventures and Mithril



  Lookout Closes $55M in Strategic Financing From Industry Leaders, Deutsche
  Telekom, Qualcomm, Greylock Ventures and Mithril Capital Management

  Lookout Expands into the Enterprise, Accelerates International Growth and
                 Invests in Security Beyond the Mobile Device

Business Wire

SAN FRANCISCO -- October 10, 2013

Lookout, a leader in security software that protects people and businesses
from mobile threats, today announced that it secured $55M in strategic
financing in a round led by Deutsche Telekom. Mobile industry leader Qualcomm
Incorporated, through its venture capital arm, Qualcomm Ventures and top
venture capital firms Greylock Partners and Peter Thiel-backed Mithril Capital
Management also invested in Lookout. Current investors Accel
Partners, Andreessen Horowitz, Index Ventures, and Khosla Ventures all
participated in the round. The capital will be used to continue international
expansion, extend Lookout’s reach by moving into the enterprise and invest in
security beyond the mobile device.

“With the huge uptake of smartphone penetration, the ‘security for mobile
devices’ topic has become much more important. It’s critical that we offer
services that our customers trust,” said Heikki Mäkijärvi, SVP global
strategic partnerships Deutsche Telekom. “Lookout’s experience in developing
leading-edge security applications for this new dynamic environment makes them
the ideal partner for us in this category of device solutions. By partnering
with Lookout, we’re investing in the future of mobile to make sure it’s a
delightful, secure experience for everyone.”

Lookout protects 45 million people worldwide and later this year will launch
Lookout for Business to protect businesses from mobile threats. Lookout’s
security platform is comprised of the world’s largest mobile threat dataset,
providing Lookout with the unique ability to identify threats before they have
a chance to disrupt business or affect a person’s mobile experience. As more
people and devices connect to the network, Lookout’s platform becomes more
intelligent, providing a safer experience for everyone.

“We like to sponsor technologies that can reset established markets,” said
Peter Thiel, Mithril’s investment committee chairman. “Ajay Royan and I see
Lookout connecting three platforms crucial to the future of computing: mobile,
big data, and security. We were really impressed by Lookout’s leadership as
well as their mobile security expertise and their data-driven approach to
security positions.”

Lookout is expanding worldwide by partnering with leading global mobile
operators, including Deutsche Telekom, Orange, Sprint, and T-Mobile who have
chosen Lookout to secure their customers. Today Lookout has more than 200
employees across offices in San Francisco and London.

“Lookout is one of the leaders in the mobile security sector and an industry
pioneer in repeatedly seizing new opportunities to deliver innovative security
products,” said Nagraj Kashyap, Senior Vice President, Qualcomm Ventures. “We
believe all points of the ecosystem should be secure, and we look forward to
collaborating with Lookout to build a safer and more protected mobile
ecosystem.”

“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,” said Jeff Jordan, general partner at
Andreessen Horowitz. “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.”

For more information on Lookout, please visit https://www.lookout.com/.

Lookout

Lookout builds security software that protects people, businesses and networks
from mobile threats. With the world’s largest mobile threat dataset and the
power of 45 million devices, Lookout proactively prevents fraud, protects data
and defends privacy. Lookout secures the mobile experience for people
everywhere through Lookout Mobile Security, a consumer app, and Lookout for
Business, a cloud-based business offering for device security and management.
Lookout was selected as a 2013 World Economic Forum Technology Pioneer company
and received the 2013 Laptop Editor’s Choice Award. Lookout has offices in San
Francisco and London. For more information, please visit Lookout.com.

Contact:

SutherlandGold for Lookout
Aparna Aswani, 415-699-8331
aaswani@sutherlandgold.com
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