What is LifeLock?
Founded in 1982 and headquartered in Tempe, Arizona, NortonLifeLock Inc. operates as a provider of comprehensive cyber safety solutions for consumers globally. The company's offerings include subscription-based Norton security services, which deliver protection against a wide array of digital threats such as malware, viruses, ransomware, and adware across PCs, Macs, and mobile devices. Complementing its security suite is the LifeLock identity theft protection solution, designed to monitor user data, provide timely alerts, and facilitate restoration services in the event of identity compromise. The company's long-standing presence and diverse product portfolio position it as a key entity in the consumer cybersecurity sector.
How much funding has LifeLock raised?
LifeLock has raised a total of $322.5M across 5 funding rounds:
Series A
$6M
Private Equity
$40.1M
Private Equity
$14.1M
Private Equity
$121M
Stock Offering
$141.3M
Series A (2006): $6M with participation from Bessemer Venture Partners
Private Equity (2009): $40.1M, investors not publicly disclosed
Private Equity (2010): $14.1M, investors not publicly disclosed
Private Equity (2012): $121M, investors not publicly disclosed
Stock Issuance/Offering (2012): $141.3M, investors not publicly disclosed
Key Investors in LifeLock
Bessemer Venture Partners
Bessemer Venture Partners is a well-established venture capital firm with a global presence, known for its early-stage investments. Its long history, dating back to 1911, suggests a focus on identifying and nurturing high-growth potential companies across various technology sectors.
What's next for LifeLock?
The recent major strategic investment in LifeLock signals a continued commitment to bolstering its cyber safety and identity theft protection services. Given the company's established market presence and the increasing sophistication of online threats, this capital infusion is likely to fuel further innovation in its product development, enhance its threat detection capabilities, and expand its market reach. Strategic partnerships and acquisitions may also be on the horizon as the company aims to solidify its leadership position in the competitive cybersecurity industry. The ongoing evolution of cyber threats necessitates continuous adaptation and investment, which this funding appears poised to support.
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