Build38 Raises €13M in Series A Funding

The round was led by Tikehau Capital’s European Cybersecurity Growth Fund, with participation from existing investors eCAPITAL Entrepreneurial Partners and Caixa Capital Risc. The company intends to use the funds to accelerate the growth of its mobile app security and threat intelligence solutions worldwide, continue growing its sales and marketing teams, and add new threat intelligence analytics and AI capabilities to its platform. Founded in 2019 by Christian Schläger (CEO), Pedro Hernandez (CRO), Joaquín Fernández (COO), Marc Obrador (CTO), and Torsten Leibner (VP Markets & Regulation), Build38 provides mobile application protection solutions globally across various industries, including financial, digital identities, public transport, automotive, and healthcare. 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. Each layer of the framework features distinct security controls and levels of protection more powerful than traditional Android or iOS security mechanisms, providing organizations with crucial endpoint protection, mobile application firewalls, and AI-powered threat intelligence for fraud and attack prevention. Build38 also enables any organisation 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.There company, which also has global offices in Barcelona and Singapore, has gained 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. 07/02/2023