Approov’s patented mobile attestation technology offers a cloud-first alternative to brittle code obfuscation, safeguarding apps and APIs against the rising tide of agentic AI threats.
Approov Limited, a leading innovator in mobile app and API security, has successfully closed a £5 million (US$ 6.7 million) Series A funding round. The investment, spearheaded by the Investment Fund for Scotland, managed by Maven Capital Partners (“Maven”), also saw participation from Souter Investments, and existing investors Lanza techVentures and Scottish Enterprise.
Mobile ecosystems face AI-driven threats and regulations like the EU Digital Markets Act and UK laws. Independent app and API security is urgently needed. Approov delivers essential trust across fragmented platforms including non-GMS Android & HarmonyOS.
This funding milestone enables Approov to bolster its Research & Development 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 company’s patented app attestation solutions protect apps from tampering and fraudulent API access, offering a critical defense in rapidly shifting cyber threat landscape.
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“As the threat landscape continues to evolve, developers and enterprises alike are recognizing that mobile app security cannot be an afterthought. 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.”
— Ted Miracco, CEO of Approov
Addressing Mobile Security Amid Global Regulatory Shifts
The timing of this investment is particularly significant as global regulatory landscapes are undergoing transformative changes. The EU’s Digital Markets Act (DMA) and the Digital Markets, Competition, and Consumers (DMCC) bill are reshaping the mobile app ecosystem, paving the way for competition beyond the app store duopolies controlled by Apple and Google. Approov’s technologies empower developers to securely distribute apps directly to consumers, bypassing traditional gatekeepers and reclaiming up to 30% of revenues typically lost to platform fees.
“As mobile ecosystems face AI-driven threats and new regulations like the EU Digital Markets Act and UK consumer laws, the need for strong, independent app and API security is urgent. Approov delivers essential trust across fragmented platforms, including non-GMS Android and HarmonyOS. Maven Capital Partners’ investment reflects growing recognition that API protection—across any device or OS—is key to securing digital infrastructure in this new cyber risk era.”
— Dr. Edward Amoroso, CEO, TAG Infosphere; Former Chief Information Security Officer, AT&T
Key Driver in This Investment Round Was Approov Intellectual Property
Approov’s patented solution provides real-time app attestation and runtime API protection, preventing exploits from tools such as rooted devices, emulators, app tampering frameworks, and credential stuffing bots. Trusted by global customers in healthcare, fintech, connected vehicles, and e-commerce, Approov helps ensure secure digital engagement even in the most hostile environments.
“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.”
— Craig McGill, Investment Manager, Maven Capital Partners, UK, LLC.
“This investment validates Approov’s vision of a safer mobile app ecosystem. With increasing cyber risks driven by AI, Approov solutions provide the robust, scalable security mobile developers need to protect their applications and API communications. We are grateful for the confidence our investors have shown and are excited about the opportunity to expand our footprint in this critical market.”
— Dr. Lucio Lanza, Chairman, Approov Limited and Founder Lanza techVentures
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