Incredible is an understatement when we try to label the magnitude of mobile market boom. But this growth comes at a price. Just like in any platforms within the tech space, mobility also faces a hard-hitting challenge: mobile security. But looking at it on a more positive corner, mobile security, together with all the threats brings opportunities to businesses. In fact, it has given birth to another billion-dollar industry that will try to solve for billion dollar losses caused by cybercrimes. With hacking taking more sophisticated courses, security solutions providers also explore innovative ways to fight these mobile menaces. This is where Lookout seems to be doing well, using big data analytics and the cloud. With notable accomplishments, the company attracts new funding worth $40 million led by Andreessen Horowitz.

According to Marketwatch.com, General partner at Andreessen Horowitz, Jess Jordan joins Lookout with so much confidence with the company’s unique approach in tackling smartphone security. He said, “Mobile is rapidly becoming the dominant computing platform and as users do more with these devices, security is essential to keep them safe. Lookout understood from the beginning that mobile security would require a dramatically different approach. By moving security detection and analysis to the cloud, they have delivered a great user experience while building the fastest and most robust security infrastructure. Its tremendous growth is a testament to its success.”

Last month, Android’s biggest problem came by the name of malware. Lookout was one of the first companies to identify measures of counterattack and imposed prevention techniques. Using big data, Lookout solutions were able to predict potential attacks and protect the entire app store. They also launched safe browsing for mobile devices along with Sprint partnership. Last January, through Lookout GPS tracking app, a robbery suspect was caught after stealing the security app-equipped smartphone of the victim. Its genome report a month after becomes an eye opener for mobile apps weak security walls.

Before 2010 ended, the company has secured $19.5 million in round 3 funding. This year, financial support and trust from investors will be Lookout’s propellers as they expand globally and continue to discover exceptional ways to beef up mobile security.