{"id":68290,"date":"2021-01-26T09:27:00","date_gmt":"2021-01-26T08:27:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=68290"},"modified":"2021-01-26T08:34:11","modified_gmt":"2021-01-26T07:34:11","slug":"build38-secures-3-million-euros","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/68290\/build38-secures-3-million-euros\/","title":{"rendered":"Build38 secures 3 million euros"},"content":{"rendered":"
\n

Next to the Seed investor G+D Ventures<\/a> Two additional investors, Caixa Capital Risc and Ecapital Entrepreneurial Partners, have now joined Build38. With the capital received, the Munich-based company plans to expand into additional markets in Europe and Asia and add AI capabilities to its security solution for mobile apps. This should make it possible to not only protect apps from potential attacks and threats, but also predict when they might occur.<\/p>\n\n\n\n

Founded two years ago, Pursue<\/a> According to its own statements, it has already secured long-term contracts worth several million euros. The applications protected by Build38 include digital car keys, mobile ticket sales, and government-approved mobile IDs.<\/p>\n\n\n\n

\u201cWe are happy to have two such experienced investors on our side who trust in our solution and the course we have chosen,\u201d<\/p><\/blockquote>\n\n\n\n

says Christian Schl\u00e4ger<\/strong>, CEO of Build38.<\/p>\n\n\n\n

"With their support, we are able to further advance our security framework, address new markets, and expand our team and network. Although 2020 was full of challenges, we seized the opportunity to explore our market and growth strategies and began identifying and building the appropriate sales channels."<\/p><\/blockquote>\n\n\n\n

\u201cBuild38 solves a global problem\u201d<\/h2>\n\n\n\n

Roma Jelinskaite<\/strong>, Investment Manager at Caixa Capital Risc, says:<\/p>\n\n\n\n

\u201cBuild38 solves a global problem with a global team and, from the very beginning, has brought together global knowledge, experience, and skills across its offices in Munich, Barcelona, and Singapore to build an intelligent and clever solution.\u201d<\/p>

<\/p><\/blockquote>\n\n\n\n

<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Build38 has secured three million euros in a pre-Series A financing round and brought two new investors on board. 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