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COMPANY PROFILE

Build38

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AI-based mobile application protection and management platform

Munich, GermanyFounded 2018Cybersecurity
Valuation $25–50M Last recorded · 2026
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Build38 and the history behind them.

About Build38

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.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2018
Headquarters
Munich, Germany
Employees
44
Open positions
None listed
Dealroom signal
61.3/100
Industry
Security
Sub-industry
Data protection
Sector
Cloud Security, Mobile Commerce, Mobile Application Security, Digital Identity, Anti-Fraud, Cybersecurity, Automotive Cybersecurity, Identity Validation, Industrial Cybersecurity
Technology
Mobile app
Business model
SaaS
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Jan 2026 $0 — Onespan ↗
SUPPORT PROGRAM✓Other financing Feb 2025 $0 — AWS & CrowdStrike Cybersecurity Accelerator ↗
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022 —
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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%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed2 investors entered at this stage

  • Giesecke+Devrient
  • Giesecke+Devrient Ventures

Series A3 investors entered at this stage

Other known investors9 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
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.

Global footprint

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

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Build38 on X, ranked by likes and reposts, corporate channels excluded.

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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