Latest news with #mobileappsecurity
Finextra
04-08-2025
- Business
- Finextra
Maven leads £5 million investment in Approov
Approov Limited ('Approov'), a mobile app security software business, has secured a £1.2m investment from the Investment Fund for Scotland, managed by Maven Capital Partners ('Maven'). 0 This is part of a £5 million funding round with participation from Souter Investments, and existing investors Lanza techVentures and Scottish Enterprise. Approov has developed patented mobile security technology that protects apps and APIs from AI-driven threats by using a cloud-first approach, offering a stronger and more reliable alternative to traditional code obfuscation. Its mobile security solution ensures only genuine, unmodified apps running in trusted environments can access your backend services. It works by continuously verifying app and device integrity to stop bots and tampered apps with real time analytics and cloud based secret management to protect mobile apps and APIs. As winner of the Cyber Innovation Award at this year's Scottish Cyber Awards, Approov's solution has already established a strong presence in the global automotive and financial service sectors. The mobile RASP market is a fast-growing subsegment of the cyber security industry, driven by the proliferation of mobile threats and increased demand for embedded, in-app security. Enterprises are proactively embedding security within app development lifecycles to combat rising incidents of reverse engineering, app tampering, and overlay attacks. Approov's technology protect apps from tampering and fraudulent API access, offering a critical defence in today's rapidly shifting cyber threat landscape. This funding milestone will enable Approov to bolster its R&D team in Edinburgh, driving the creation of advanced technologies to secure mobile applications and APIs against evolving threats in real time, including those powered by AI. The investment will also allow the business to invest in its sales and marketing operation as it grows its market reach, diversifies into new sectors and expands its international footprint. Craig McGill, Investment Manager at Maven, said: 'Approov is a leading innovator in mobile app and API security with proven applications in multiple target sectors. With their strong IP and the growing demand for API-level defences across the industry, the business is uniquely positioned to lead this next era of mobile security. We look forward to working with Ted and the team to drive the business forward at such an exciting point in the company's growth journey.' Ted Miracco, CEO of Approov, said: 'As the threat landscape continues to evolve, developers and enterprises alike are recognizing that mobile app security cannot be an afterthought,' said 'This funding marks a pivotal moment in our mission to ensure that every mobile app instance is authenticated and that backend APIs are protected from fraud, abuse, and unauthorized access.' Sarah Newbould, Senior Investment Manager at Nations & Regions Investment Funds, the British Business Bank, said: 'Approov is a strong example of a Scottish company developing smart technology to tackle a global challenge. As mobile apps and APIs become central to business, protecting them from increasingly sophisticated threats, including those driven by AI, is critical. We're pleased the Investment Fund for Scotland is able to support Approov as it grows its team in Edinburgh and expands into new markets. This investment reflects IFS's commitment to backing ambitious companies with the expertise to drive Scotland's tech sector forward.'
Zawya
07-05-2025
- Business
- Zawya
Appknox launches Storeknox at GISEC Global 2025 to secure mobile apps after release and combat fake apps in the GCC
DUBAI, UNITED ARAB EMIRATES: Appknox, a global leader in mobile application security, today announced the launch of Storeknox, a groundbreaking continuous store monitoring platform designed to protect enterprises from evolving mobile app threats. The new solution was unveiled at GISEC Global 2025, where cybersecurity professionals from around the world are gathering to discuss the industry's most pressing challenges. As mobile apps become critical touchpoints across industries—from finance and healthcare to telecom and retail—threat actors are exploiting them through fake apps, phishing campaigns, and brand impersonation. Storeknox helps organizations take control by detecting and responding to unauthorized versions, malicious clones, and live threats across public app stores. The platform delivers real-time visibility across marketplaces like Google Play and the Apple App Store, monitoring official apps for unauthorized uploads, version changes, and policy violations. 'Security doesn't stop at app release—it enters a new phase,' said Subho Halder, CEO & Co-founder of Appknox. 'In mobile-first regions like the GCC, fake apps, malware, and brand abuse are growing at an alarming rate. Enterprises need continuous AI-driven protection that evolves with the threat landscape—and that's exactly what Storeknox delivers. It's the missing layer of defense that businesses have been asking for—and today, we're making it a reality. Unlike legacy approaches that stop at development-stage testing, Storeknox introduces post-release monitoring as an essential layer of protection. Utilizing AI-powered detection technology, Storeknox uncovers malicious behavior, injected code, phishing attempts, and shadow versions that often go unnoticed after an app is live. By consolidating threat intelligence, metadata monitoring, and automated alerts into a centralized dashboard, Storeknox gives CISOs and security teams the ability to act swiftly, close security gaps, and protect user trust. 'The development of Storeknox was driven by direct input from Appknox's enterprise customers, many of whom cited a lack of visibility after release as a top concern,' Halder continues. 'With mobile applications deployed across multiple geographies, these organizations struggled to identify unauthorized clones, outdated versions, or fraudulent apps imitating their brands. Storeknox was built to solve these challenges, offering real-time protection for the post-launch phase which is a critical period often overlooked by traditional security solutions.' Storeknox aligns with Appknox's vision to offer full-lifecycle mobile app security, complementing its existing stack of testing solutions such as SAST, DAST, API testing, and SBOM. Together, these solutions empower security and DevSecOps teams to manage risk from development through deployment, while supporting compliance with local and global regulations. About Appknox Appknox is a global leader in mobile application security, offering advanced testing solutions, including SAST, DAST, API testing, SBOM, Penetration Testing, and Storeknox. With a focus on identifying AI vulnerabilities, Appknox ensures unparalleled security coverage. Trusted by organizations in over 60 countries, including top banks, conglomerates, and government bodies, Appknox's solutions are designed for seamless integration with CI/CD pipelines, empowering businesses to protect their mobile apps while meeting stringent global and local compliance requirements. Learn more about Appknox's AI-powered solutions at Media Contact
