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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
Valuation & funding
Build38 funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jan 2026 | $0 | — | Onespan | ↗ |
| SUPPORT PROGRAM✓Other financing | Feb 2025 | $0 | — | AWS & CrowdStrike Cybersecurity Accelerator | ↗ |
| SERIES A✓Equity / VC | Feb 2023 | $14M | $57M | Criteria Venture Tech · eCAPITAL · Tikehau Capital | ↗ |
| EARLY VC✓Equity / VC | Jan 2021 | $3.3M | $13M | Criteria Venture Tech · eCAPITAL · Giesecke+Devrient Ventures | — |
| SUPPORT PROGRAM✓Other financing | Dec 2018 | $0 | — | Google for Startups Accelerator | — |
| SEED✓Equity / VC | Dec 2018 | Giesecke+Devrient · Giesecke+Devrient Ventures | — |
Financials
Revenue and workforce over time
Available revenue and workforce history. Fields without reported data are omitted.
| Year | Revenue | Growth | Employees |
|---|---|---|---|
| 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 |
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.
Comparisons
Build38 compared with similar companies
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Talent graph
Build38's talent
Source: Dealroom Talent Intelligence.
Global footprint
Where Build38 has talent and traffic
team presence
In the news
Latest news about Build38
Recent press, funding announcements, and product moves mentioning Build38 — open to read from the original sources.
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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