In a major step for mobile and API cybersecurity, Approov, the Edinburgh-based security firm specializing in real-time mobile attestation and API protection, has raised £5 million (approximately $6.7 million) in Series A funding. The round, led by the Investment Fund for Scotland with support from Souter Investments, Lanza techVentures, and Scottish Enterprise, will fuel the expansion of Approov’s research and development hub in Scotland while driving global growth.
Founded in 2012, Approov has built a reputation as a pioneer in Runtime Application Self-Protection (RASP) and patented mobile app attestation technology. Their solutions block malicious activities such as emulator abuse, rooted device exploitation, tampering frameworks, and man-in-the-middle (MITM) attacks, ensuring only legitimate apps in secure environments can access backend resources.
This episode dives into:
- Why mobile applications and APIs have become the frontline targets for cybercriminals.
- The role of AI-powered attacks — from deepfakes to automated malware — in shaping today’s cybersecurity landscape.
- How Approov’s deterministic, real-time defense model provides an edge over traditional, AI-behavioral detection approaches plagued by false positives.
- The explosive rise of API attacks — projected to grow nearly 1,000% by 2030 — and why app attestation is becoming essential for financial services and beyond.
- The broader industry trend of mobile security market growth, set to reach $18.42 billion by 2032, driven by rising demand for protection against sophisticated digital threats.
- Best practices for organizations, including Zero Trust adoption, continuous monitoring, schema enforcement, encryption, and proactive threat intelligence.
With 9 out of 10 enterprises already experiencing API security incidents, and 74% of IT security professionals reporting major impacts from AI-driven threats, Approov’s funding marks a pivotal moment in the arms race between defenders and adversaries.
This is not just about one company — it’s about defining the future of mobile and API security in an era where digital transformation and AI threats collide.
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