Lookout, a company that offers security data backup services for smartphones, has reached a significant milestone: the startup now has one million users for its security application after only six months in operation.
Lookout, which just raised $11 million from Accel, Khosla and others, says the growth in smartphone adoption, mobile app downloads and increased consumer awareness of mobile security threats have helped make the offering a popular and necessary option for users. While smartphone use is growing rapidly, there are security risks associated with the increased data and application usage on these devices. Similar to a PC, users need to protect their phones from malware, viruses, data loss and more. Lookout’s web-based, cloud-connected application indentifies and block threats on a consumer’s phone. Users simply download the software to a device, and it will act as a virus protector much like security software downloaded to a computer.
For now Lookout, which is on more than 400 mobile networks in 170 countries, is only available for BlackBerry, Android and Windows Mobile devices. Lookout has over 80% of its users on Android and BlackBerry with the remaining users on Windows Mobile. And 70% of users are in the US.
Over the past six months, Lookout has seen the number of malware and spyware threats per hundred devices double to nine in every 100 devices being affected annually. Lookout has helped find more than 130,000 lost or stolen phones, backed-up over 87 million photos, and backed-up over 300 million contacts.
Lookout’s CEO tells me that the next step for the company is to start looking at monetization angles with product development. While the application is free, Lookout sees potential in offering an enterprise version of its software.
