The funds were used towards the acquisition of ID Analytics, an identity theft risk prediction technology. In March 2013, LifeLock raised $100 million in new equity funding from Bessemer Ventures Partners, Goldman, Sachs & Co., Kleiner Perkins Caufield & Byers, Symantec Corporation, and River Street Management.
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In August 2009, a series D funding round raised $40 million for the company. The following January, its Series C Funding raised $25 million, led by Goldman Sachs Group, Inc. LifeLock raised $6 million in its series B funding from Kleiner Perkins Caufield & Byers in April 2007. The company started with $2 million in seed funding with another $5 million in its Series A funding in 2006 from Bessemer Ventures. The company subsequently began to offer its Norton subscription services with LifeLock included.
LifeLock was acquired by Symantec for $2.3 billion on February 9, 2017. In January 2016, the company announced that Hilary Schneider would replace Todd Davis as CEO. In 2015, the FTC obtained a $100 million monetary penalty against LifeLock with $68 million held for class-action refunds to customers in relation to false advertising and failed service delivery allegations.
In December 2013, LifeLock acquired Lemon Wallet, a digital wallet platform, for $42.6 million. In March 2012, LifeLock acquired ID Analytics, which operates independently as a wholly owned subsidiary Following LifeLock's initial public offering (IPO) announcement in August 2012, Hilary Schneider joined the company as president. Īs part of a 2009 settlement with Experian related to false fraud alerts allegations, LifeLock set up a service that does not rely on fraud alerts. In December 2008, LifeLock entered into an agreement with TransUnion, one of the three main credit bureaus, to automate the process of alerting customers of potential unauthorized access via their credit reports. The point of that campaign was to take proactive steps to protect your identity." Regarding the campaign, Davis said, "We were trying to make the point that. However, Davis was a victim of 13 cases of identity theft between 20. Davis publicly posted his Social Security number as part of a 2007 ad campaign to promote the company's identity theft protection services. Maynard resigned from LifeLock in June 2007 after claims that he was a victim of identity theft came under scrutiny. Former LifeLock CEO Davis worked for Dell before founding Marketing Champions. Maynard began his career by founding the Internet Service Provider (ISP) Internet America in the late 1990s. LifeLock was co-founded in 2005 by Robert J. In the same year, the company began to offer versions of its Norton 360 subscription service with LifeLock included. After Symantec sold its enterprise division to Broadcom, the company was renamed from Symantec to NortonLifeLock in November 2019, and Gen Digital Inc. LifeLock was acquired by computer security company Symantec in 2017 for $2.3 billion. LifeLock's system monitors for identity theft, the use of personal information, and credit score changes. is American identity theft software, sold by Tempe, Arizona-based company Gen Digital Inc.
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Other names may be trademarks of their respective owners.American identity theft protection software LifeLock
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The Android robot is reproduced or modified from work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License. Microsoft and the Window logo are trademarks of Microsoft Corporation in the U.S. Alexa and all related logos are trademarks of, Inc. App Store is a service mark of Apple Inc. Mac, iPhone, iPad, Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. Android, Google Chrome, Google Play and the Google Play logo are trademarks of Google, LLC. Firefox is a trademark of Mozilla Foundation. or its affiliates in the United States and other countries. NortonLifeLock, the NortonLifeLock Logo, the Checkmark Logo, Norton, LifeLock, and the LockMan Logo are trademarks or registered trademarks of NortonLifeLock Inc. LifeLock identity theft protection is not available in all countries.Ĭopyright © 2023 NortonLifeLock Inc. The Norton and LifeLock Brands are part of NortonLifeLock Inc.
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