Summary:

San Francisco-based Lookout has raised $5.5 million from investors including Khosla Ventures to investigate the growing concerns about smart…

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San Francisco-based Lookout has raised $5.5 million from investors including Khosla Ventures to investigate the growing concerns about smartphone security.

The company was previously a consulting firm named Flexilis that was founded by recent graduates of USC. The company is testing security software for Windows Mobile and Android, and will soon release software for BlackBerry and iPhone, reports the NYTimes. The apps have PC-like security features, such as anti-virus and firewall protection from malicious programs, but also mobile-specific features, such as data backup and the ability to locate and wipe your phone if it gets lost.

The software will be free, but if you want additional features, the company plans to charge a monthly subscription. John Hering, Lookout

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