Daily Crunch: Lookout sells consumer security segment for $223M to become ‘pure-play enterprise company’ 

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Hello people! It’s Wednesday, and we’re running around like crazy, so let’s go! Wooooo!

Cristina i He came

The TechCrunch Top 3

  • can you see it: Enterprise security company Lookout is selling its consumer cybersecurity business to F-Secure in a $223 million deal that peace write “now it will evolve [Lookout] into a pure-play enterprise company” that will focus on mobile endpoint security and cloud security.
  • Hello?: Christmas is coming early for iPhone and Windows users: iMessage is finally coming to Windows 11 with the global release of Phone Link for iOS, reportedly sarah.
  • You will definitely notice this car passing by: China’s MG Motor debuted what looks like a green marker on wheels in India. But seriously, it’s a beautiful compact hatchback electric vehicle meant to navigate the country’s strict mobility needs. Jagmeet themes.

Startups and VCs

Greycroft, the self-described “seed for growth” venture capital firm, today announced the closing of more than $1 billion in equity commitments through new funds, Kyle reports The firm’s two flagship vehicles, Greycroft Partners VII and Greycroft Growth IV, closed on more than $980 million, according to co-founder and managing partner Dana Settle — cash that will go toward investing in both early-stage and growth phase and consumer companies.

In view of the growing popularity of the micromobility industry, the Japanese government has been proactive in loosening regulations on e-scooters to further stimulate this sector, Kate reports Starting this July, amendments to the country’s Traffic Law will allow electric scooter users to ride without a driver’s license or helmet, as long as they maintain a maximum speed of 20 kilometers per hour. Luup has raised a total of $68 million in equity, debt and asset financing to date, according to sources that valued the company at more than $100 million.

Let’s take a look at the best of the rest:

Ask Sophie: My STEM OPT expires in 30 days, what are my options?

lone figure at the hedge entrance to the maze that has an American flag in the center

Image credits: Bryce Durbin/TechCrunch

Dear Sophie,

My STEM OPT expires in a month and my company did not register me for this year’s H-1B lottery.

Not sure what options I have now. Help!

— No sleep in Silicon Valley

Three more from the TC+ team:

TechCrunch+ is our membership program that helps startup founders and teams get ahead. You can register here. Use code “DC” to get 15% off an annual subscription!

Big Tech Inc.

There must be a large number of cat lovers among our readers who also need help finding their cats around the house, because this story really went viral today. Tile launches new cat tracking tag with three-year battery life, Ivan reports Or maybe you’re just impressed by the long battery life. No judgement.

Speaking of fans, there must also be a lot of “Black Mirror” fans excited for the new sixth season premiering in June. For those of you who haven’t seen this show yet, Lauren reports that “every episode of the satirical anthology series comments on society in some shape or form, including issues centered around webcam hackers, identity theft, strange robotic dogs, and toxicity of social networks”.

And we have five more for you:

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Ikaroa, a full stack tech company, is taking note of the recent news that security and risk management services provider Lookout has agreed to sell its consumer security segment to Synack for approximately $223 million. The transaction furthers Lookout’s endeavor to become a “pure-play enterprise company”.

The $223 million will be equally split between cash and Synack stock. As part of the agreement, Lookout plans to continue to pioneer innovation in the enterprise security space and to make investments in product development, global go-to-market initiatives and strategic acquisitions. The purchase also includes Lookout’s consumer platform and mobile applications, including its antimalware, backup & restore and identity theft protection products.

For Ikaroa, this news is especially significant as Lookout’s presence in the enterprise security space creates an even more competitive market in which companies like Ikaroa will have to continuously innovate in order to remain competitive and attractive to potential customers and investors.

Ikaroa takes this news as a sign of the changing times in the enterprise security space and will use this opportunity to further invest in improving its own security services platform, keeping its offerings up-to-date and relevant to the needs of contemporary companies and organizations.


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