App-Ray

Founded in 2015 and headquartered in Vienna, Austria, App-Ray GmbH specializes in mobile application security. The company was acquired by Guardsquare NV, a portfolio company of Battery Ventures, in October 2020, marking a strategic shift in its business approach.App-Ray specializes in automated mobile application security solutions, primarily focusing on security scanning for Android and iOS applications. Their core offerings include Static Application Security Testing (SAST) and Dynamic Application Security Testing (DAST), enabling the detection of over 80 types of security vulnerabilities, privacy risks, and data management flaws. The company serves a diverse client base that includes app store operators, developers, and organizations needing robust mobile security measures.App-Ray generates revenue through a subscription-based model for its security solutions, allowing clients to access their services via tailored subscription plans. The company primarily operates in a B2B format, partnering with developers and organizations to ensure compliance with stringent security standards. Clients pay for annual or monthly subscriptions, which may include features like automated security scans and compliance assessments. Specific pricing plans are customized according to the complexities of the client's applications.Looking ahead, App-Ray aims to enhance its product offerings by designing new security solutions tailored to emerging threats, with rollouts planned within the coming year. The company is targeting expansion into additional markets in Asia and North America by the end of 2023. The acquisition by Guardsquare NV in October 2020 is expected to provide the necessary support and resources to facilitate these growth initiatives.

1. Seed

   Sep 18, 2016

   Amount

   Undisclosed

   Investors

   Locked