Edinburgh-Based Approov Raises £5M Series A to Boost Mobile App, API Security

Edinburgh-based cybersecurity company Approov has raised £5 million in a Series A funding round led by the Investment Fund for Scotland, managed by Maven Capital Partners, with participation from Souter Investments, Lanza techVentures, and Scottish Enterprise. The investment will support Approov’s mission to enhance mobile app and API security against evolving cyber threats, particularly those driven by artificial intelligence, by expanding its research and development team and growing its sales and marketing efforts. Approov’s patented app attestation technology uses a cloud-first approach to verify the authenticity of mobile apps and protect backend APIs from tampering, fraud, and unauthorized access. This technology is already utilized by major players in sectors such as healthcare, fintech, automotive, and e-commerce. The funding comes amid growing recognition of the urgent need for robust mobile app and API security, especially in light of new regulatory requirements like the EU Digital Markets Act and the increasing prevalence of AI-powered cyberattacks. Industry experts emphasize that Approov is well-positioned to lead the next era of mobile security with its innovative solutions and strong intellectual property.