The Market is on the Lookout for ‘Lookout’

Lookout, formerly Flexilis, announced today a Series B round of funding worth $11 million, participants in the move are Khosla Ventures, Pinnacle Invest Group and Trilogy Partnership, the initial move led by Accel Partners. This comes with a new look executive and leadership contingent, the new Chairman of the board being Joseph Ansanelli, previously CEO of Vontu.

 

Accel Partners were very bullish in their statement about their involvement, Ping Li a partner with the firm had the following to say, ‘The smartphone market is exploding, and consumers are downloading third-party apps by the hundreds, making security an increasingly vital component in the mobile market.’ She went on to say ‘We are excited to work with ‘Lookout’ as they continue to extend their lead in this dynamic market.’

 

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