Build38’s announcement arrives at a time when cloud adoption is on the rise, and organizations are increasingly grappling with the reality of security threats. These threats not only target endpoints at the network’s perimeter but also extend to users’ personal mobile devices, especially in remote working setups.
“In this era of cloud computing, organizations are now acutely aware of and susceptible to attacks and threats that can originate from virtually anywhere,” remarked Christian Schläger, the CEO of Build38. “Whether you are a car manufacturer in China, a traditional commercial bank in Ghana, or a fintech company in the UK, all enterprises face similar threats from adversaries who exploit the fact that the concept of a ‘perimeter’ for infiltrating an organization’s network no longer stops where the service provider decides.”
He further explained, “Attackers can now easily reach individual users right in the palm of their hands, simply by downloading an app from an app store.”
Build38’s in-app protection employs artificial intelligence to detect any alterations, reverse engineering, or code manipulation within the app. This capability serves as a valuable complement to the security measures already offered by platforms like Google Play and the App Store.
Additionally, TAK possesses the capability to generate events and transmit data to an external Security Information and Event Management (SIEM) system when an app exhibits suspicious behavior. This empowers security teams to promptly identify potential breach attempts.
The mobile security market
Build38 operates within the mobile security market, a sector that was valued at $3.3 billion in 2020 and is anticipated to soar to $22.1 billion by 2030, reflecting a robust compound annual growth rate (CAGR) of 21.1%.
In this competitive landscape, one of Build38’s prominent rivals is Zimperium, a mobile endpoint and application security provider that was acquired by Liberty Strategic Capital for $525 million last year. Zimperium’s tool offers real-time threat visibility, security measures, and compliance scanning capabilities. It excels in detecting hacker intrusion attempts on applications and seamlessly integrates with external UEM and XDR platforms.
Another notable contender is AppDome, which specializes in safeguarding Android and iOS applications through runtime protection, anti-debugging features, and anti-tampering mechanisms.
What sets Build38 apart from its competitors, as Schläger emphasizes, is its unique approach. Build38 combines a client-based solution that empowers apps to be self-defending with a backend component that enables real-time threat monitoring and mitigation. This comprehensive solution also provides detailed threat reporting for organizations, equipping their teams to proactively combat security threats.