The investment was spearheaded by the Investment Fund for Scotland, managed by Maven Capital Partners, with additional participation from Souter Investments, existing investors Lanza techVentures, and Scottish Enterprise. This funding will enable Approov to bolster its Research & Development team in Edinburgh, focusing on creating advanced technologies to secure mobile applications and APIs in real time, particularly against AI-powered threats. Mobile ecosystems currently face increasing AI-driven threats and regulatory changes, including the EU Digital Markets Act (DMA) and new UK consumer laws, which necessitate robust and independent app and API security. Approov’s patented app attestation solutions are designed to provide essential trust across fragmented platforms, including non-Google Mobile Services (GMS) Android and HarmonyOS. The company’s technology empowers developers to securely distribute apps directly to consumers, potentially recovering up to 30% of revenues typically lost to platform fees. Approov’s patented solution offers real-time app attestation and runtime API protection, preventing exploits from tools such as rooted devices, emulators, app tampering frameworks, and credential stuffing bots. The technology is trusted by global customers across high-stakes industries including healthcare, fintech, connected vehicles, and e-commerce. Approov states its solutions reduce API attacks by over 95% and prevent various forms of cyber threats, including bot attacks, man-in-the-middle exploits, and app tampering. Ted Miracco, CEO of Approov, emphasized the growing recognition among developers and enterprises that mobile app security requires proactive measures. “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,” Miracco stated. Dr. Edward Amoroso, CEO of TAG Infosphere and former Chief Information Security Officer at AT&T, highlighted the urgency of strong, independent app and API security in the current environment. “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. Amoroso noted. Craig McGill, Investment Manager at Maven Capital Partners, UK, LLC., commented on Approov’s position. “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.” Dr. Lucio Lanza, Chairman of Approov Limited and Founder of Lanza techVentures, added, “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.”