Approov, a leader in mobile app and API security, has secured £5 million (US$6.7 million) in a Series A funding round led by Maven Capital Partners, with participation from Souter Investments and existing investors. This funding will enhance Approov’s Research & Development in Edinburgh, focusing on cutting-edge technologies for real-time protection against evolving threats, including those using AI.
The investment is timely, as global regulatory changes, such as the EU’s Digital Markets Act, are reshaping the mobile app landscape, allowing developers to bypass traditional app store fees. Approov’s patented app attestation solutions safeguard apps from tampering and fraudulent API access, strengthening security for diverse sectors like healthcare and fintech.
CEO Ted Miracco emphasizes the importance of prioritizing mobile security as threats evolve. Maven Capital Partners and other stakeholders recognize the urgent need for robust API protection to secure digital infrastructures in an era increasingly vulnerable to cyber risks.
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