Mobile security software provider Lookout has raised USD 55 million in a financing round led by Deutsche Telekom. Qualcomm Ventures and venture capital firms Greylock Partners and Mithril Capital Management also invested in Lookout, with current investors also participating in the round. Lookout will use the funds to continue international expansion, extend their reach by moving into the enterprise and invest in security beyond the mobile device. Lookout protects 45 million people worldwide and will launch Lookout for Business later in 2013 to protect businesses from mobile threats.
