Edinburgh-based Approov Mobile Security closed a €5.7 million Series A funding round. The Investment Fund for Scotland, managed by Maven Capital Partners, led this investment. Souter Investments, Lanza techVentures, and Scottish Enterprise also participated.
Advancing Mobile App and API Security
This capital will innovate mobile app and API security for the AI era. Approov aims to accelerate research and development while scaling its global presence. The cloud-native platform ensures only genuine, untampered apps access backend services.
Approov applies a Zero Trust approach to mobile security. Its runtime attestation and dynamic API secret delivery defend against bots and repackaged apps. Traditional methods like code obfuscation struggle against accelerating artificial intelligence threats.
The platform offers a real-time solution protecting mobile apps and APIs from fraud. Regulations like the EU Digital Markets Act reshape app distribution. Approov empowers developers to securely distribute apps, reclaiming revenue. Competitors include Data Theorem and Appdome.
This funding strengthens Approov's position in the evolving mobile app security market.
