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Build38

Cybersecurity · Munich, Germany · Founded 2018

AI-based mobile application protection and management platform MoreLess

Build38 offers a mobile application security platform that integrates AI-powered threat intelligence with robust app-shielding technology to protect applications from known and unknown attacks. The company was established in 2018 as a spin-off from Giesecke+Devrient. The name Build38 reflects the concept of security being "built" into apps and the founding team of 8 individuals across 3 countries. It was founded by a team of cybersecurity and software security experts, including Dr. Christian Schläger (CEO), Pedro Hernández (CRO), Joaquín Fernández (COO), Marc Obrador (CTO), and Torsten Leibner (VP Markets & Regulation). Schläger has a background in information security, holding key roles at Giesecke+Devrient, Allianz Group, Swiss Life, and Ernst & Young before co-founding Build38.

Headquartered in Munich, Germany, with additional offices in Barcelona, Spain, and Singapore, Build38 provides its security solutions to a global market. The company's business model is centered on its subscription-based Software-as-a-Service (SaaS) platform, with contract values ranging from €20,000 to €500,000. In January 2026, it was announced that OneSpan entered into a definitive agreement to acquire Build38. Prior to the acquisition agreement, Build38 had raised over €16 million in funding through multiple rounds, with key investors including Tikehau Capital, eCAPITAL Entrepreneurial Partners, Caixa Capital Risc, and Giesecke+Devrient Ventures.

The core of Build38’s offering is the Trusted Application Kit (T.A.K.), a software development kit (SDK) designed to be integrated into Android and iOS mobile apps during the development phase. The platform operates on a multi-layered security framework that provides in-app self-protection, AI-driven active hardening, and cloud-based threat intelligence. Key features include protection against debugging, rooting/jailbreaking, app cloning, code tampering, and man-in-the-middle attacks. The platform also offers a centralized dashboard called ThreatBoard for real-time monitoring, threat visualization, and granular log filtering. Build38 serves a diverse client base across industries such as banking, automotive, digital identity, public transportation, and healthcare, helping them comply with regulations like PCI, eIDAS, and GDPR. Clients include major organizations like a top-ten global bank, Verimi, Netcetera, and Chang'an Auto.

Keywords: mobile application security, AI threat intelligence, app shielding, in-app protection, runtime application self-protection, RASP, mobile security, cybersecurity, Trusted Application Kit, T.A.K, app hardening, threat detection, Giesecke+Devrient, OneSpan, financial services security, automotive security, digital identity protection, mobile banking security, eHealth security, SoftPOS, API protection, Android security, iOS security, mobile endpoint protection, anti-tampering, anti-debugging, code obfuscation

Company overview

Build38 company information

The essential company record, classifications and operating signals in one place.

Status
Acquired
Founded
2018
Headquarters
Munich, Germany
Employees
44
Open positions
None listed
Dealroom signal
61.3
client focusb2btechnologyMobile appsub industryData protectionbusiness modelSaaSindustrySecuritysectorCloud SecuritysectorMobile CommercesectorMobile Application SecuritysectorDigital IdentitysectorAnti-FraudsectorCybersecuritysectorAutomotive CybersecuritysectorIdentity ValidationsectorIndustrial Cybersecurity

Valuation & funding

Build38 funding history

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONExit Jan 2026 $0 Onespan
SUPPORT PROGRAMOther financing Feb 2025 $0 AWS & CrowdStrike Cybersecurity Accelerator
SERIES AEquity / VC Feb 2023 $14M $57M Criteria Venture Tech · eCAPITAL · Tikehau Capital
EARLY VCEquity / VC Jan 2021 $3.3M $13M Criteria Venture Tech · eCAPITAL · Giesecke+Devrient Ventures
SUPPORT PROGRAMOther financing Dec 2018 $0 Google for Startups Accelerator
SEEDEquity / VC Dec 2018 Giesecke+Devrient · Giesecke+Devrient Ventures
Showing 6 recorded eventsUnlock the complete deal history →

Financials

Revenue and workforce over time

Available revenue and workforce history. Fields without reported data are omitted.

YearRevenueGrowthEmployees
2026 $8.1M 0% 44
2025 $8.1M 0% 55
2024 $8.1M 0% 60
2023 $8.1M +84.5% 67
2022 $4.4M 45
2021 25
2020 8
Company filings, research estimates and Dealroom dataOpen the full financial model →

Growth signals

Build38 website traffic

Latest recorded traffic for Build38 is 6.3K monthly website visits, up 90.9% over the last three months. Build38's team declined 20% over the past year.

Latest monthly visits6.3K 3-month web change+90.9% 1-year team growth-20%
Monthly website visits85 observations · Apr 2019–Jul 2026
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Comparisons

Build38 compared with similar companies

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Showing 8 of the closest matchesCompare every metric →

Talent graph

Build38's talent

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Team profiled 15 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

14 investors on Build38's cap table

Sourced from Dealroom's funding and investor records. Investor profile links are shown where available.

Seed 2 investors entered at this stage
Giesecke+Devrient
Giesecke+Devrient Ventures
Series A 3 investors entered at this stage
Criteria Venture Tech
eCAPITAL
Tikehau Capital
Other known 9 additional known investors
AWS & CrowdStrike Cybersecurity Accelerator
Google for Startups Accelerator
Onespan
Caixa Capital Risc
German Accelerator
Google for Startups Growth Academy: Cybersecurity (Europe)
InsurTech Hub Munich
Tikehau Ace Capital
WERK1

Global footprint

Where Build38 has talent and traffic

Workforce by country
4 countries with
team presence
🇪🇸 Spain85.3%
🇩🇪 Germany8.8%
🇸🇬 Singapore2.9%
🇺🇸 United States2.9%
4 countries shown

In the news

Latest news about Build38

Recent press, funding announcements, and product moves mentioning Build38 — open to read from the original sources.

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Market sentiment

What the market is saying about Build38

An AI-synthesized read of the highest-engagement posts about Build38 on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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