# App-Ray

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/app-ray

- Industry: IT Security/Cybersecurity
- Headquarters: Vienna, Austria
- Website: www.app-ray.co
- Latest round: Seed (Sep 18, 2016)
- Investors on record: 1

## About

App-Ray GmbH delivers automated security solutions for mobile applications, focusing on proactive protection against vulnerabilities in Android and iOS platforms, thereby enhancing mobile security for developers and organizations.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. The founder’s details are not available.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's products address the growing need for security across various sectors, particularly in online gaming, finance, and e-commerce, in markets including Europe, North America, and parts of Asia.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. App-Ray collaborates with businesses developing popular applications, such as the Aviator game, enhancing revenue opportunities through ongoing security consultancy and advanced technology integration.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.

## Funding rounds

- Seed, Sep 18, 2016 — Fil Rouge Capital

## Investors

- Fil Rouge Capital (https://capitalatlas.ai/funds/fil-rouge-capital) — Seed