Build38 develops protection solutions for mobile applications that combine AI-powered threat intelligence and app shielding technologies. The app security startup, which was founded in 2018 as a corporate spin-out of Giesecke+Devrient, protects applications across various industries, including finance, digital identity, public transport, automotive, and healthcare. With the newly raised capital, Build38 aims to accelerate the global growth of its mobile app security solutions and add new analytics and AI capabilities to its platform.
“Mobile applications play a critical role in the functioning of today’s digital society, but we continue to see security incidents causing severe reputational and financial damage to companies around the world”,
says Christian Schläger, CEO of Build38.
“As the mobile threat landscape continues to evolve and attacks become increasingly sophisticated, our mission is to provide continuous protection and threat intelligence for both mission-critical and everyday applications. We are honored to welcome Tikehau Capital as a strategic partner in this mission and to find support for the growth phase ahead.”
Build38: Cyber defense for tomorrow
Augustin Blanchard, Executive Director at Tikehau Capital, says:
“Application security is one of the fastest-growing subsegments of cybersecurity. Build38 forms the core of cyber defense for tomorrow by protecting applications, not just networks and computers. We are proud to support this outstanding team with its excellent capabilities in this round, which will help position Build38 as a leading mobile AppSec provider.”
