Build38, a Munich, Germany-based provider of mobile application protection solutions that combine AI-powered threat intelligence and the strongest app shielding technology, announced that it closed €13 million Series A funding.
The round was led by Tikehau Capital, through its European Cybersecurity Growth Fund, with participation from existing investors eCAPITAL Entrepreneurial Partners and Caixa Capital Risc.
The funds will be used to expand its global customer reach and mobile partner ecosystem even further and continue growing its sales and marketing teams. The funding will also support Build38 as it continues to add new threat intelligence analytics and AI capabilities to its platform.
“Mobile applications play a critical role in the functioning of today’s digital society, yet we continue to see security incidents cause severe reputational and financial damage to companies around the world,”– said Dr. Christian Schläger, CEO of Build38. “As the mobile threat landscape evolves and attacks become more sophisticated, our mission is to bring continuous protection and threat intelligence to both business critical and everyday applications. We are honoured to welcome Tikehau Capital as a strategic partner on this mission and to help us through the next stages of growth.”
Build38 provides a zero-trust, 360° approach to securing mobile applications. Its products and solutions for mobile security include the Trusted Application Kit (T.A.K), designed to integrate into any Android or iOS mobile app during the development phase and shield it.
The company also enables any organization to create self-defending mobile applications for any smartphone and comply with the increasing number of data security regulations around the world, bridging the specific gaps of each phone to the required compliance level, including PCI, eIDAS, SSI, MPoC, and others.
The company has gained strong momentum with enterprises in the financial, digital identity, automotive, and healthcare industries across EMEA and APAC, including Verimi, Minesec, Netcetera, Coppernic, Chang’an Auto, Republic Bank of Ghana, Maschinenfabrik Reinhausen (MR), among others.
Company: Build38 GmbH
Raised: €13.0M
Round: Series A
Funding Month: February 2023
Lead Investors: Tikehau Capital
Additional Investors: eCAPITAL Entrepreneurial Partners and Caixa Capital Risc
Company Website: https://build38.com/
Software Category: Mobile Application Protection Solutions
About the Company: Founded in 2019 by Dr. Christian Schläger, Pedro Hernandez, Joaquín Fernández, Marc Obrador, and Torsten Leibner, Build38 is the innovative and cutting-edge provider of the next-generation AI-based app protection and management platform. It provides mobile application protection solutions globally. Its solutions and services represent a new generation of app-hardening technologies that protect apps from known and unknown attacks and open the market to new digital business models. Build38 protects applications across various industries, including financial, digital identities, public transport, automotive, and healthcare. Headquartered in Munich and with global offices in Barcelona and Singapore, the company has been recognized in the GARTNER Market Guide and Hype Cycle for Application Security since 2019 and is the first to combine in-app shielding, threat monitoring, and reaction into a single platform powered by AI.
Source: https://build38.com/13m-series-a-funding/