Approov Limited

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Approov Limited - overview

Location

Edinburgh, Scotland, UK

Primary Industry

Software

About

CriticalBlue is a cybersecurity firm focused on safeguarding mobile applications through advanced protection mechanisms and real-time threat analytics, catering to various industries including fintech and healthcare. CriticalBlue specializes in mobile application security, providing solutions to protect apps against evolving threats. Founded by David Stewart, the company is headquartered in Edinburgh, UK. In September 2008, CriticalBlue raised USD 4.


000 mn in a SERIES C round from investors including Scottish Venture Fund and Toshiba Corporation, bringing the total amount raised to USD 4. 000 mn. CriticalBlue offers a suite of mobile app security products that include Runtime Application Self Protection (RASP), real-time threat analytics, and secure management of application secrets. Their solutions ensure ongoing security for mobile applications across multiple platforms, supporting sectors such as fintech, healthcare, retail, and automotive, with a client base spanning North America, Europe, and Asia.


In the most recent fiscal year of 2011, CriticalBlue reported revenue of USD 1,066,442. The company operates on a subscription-based model, facilitating secure API communication for clients, which engage in transactions that support ongoing software updates and security enhancements. Following the SERIES C funding round in September 2008, CriticalBlue aims to enhance its product offerings and enter new markets. The company is focusing on expanding its presence in North America and Asia by enhancing its mobile security solutions, leveraging recent funding to support development efforts and market entry strategies.


Current Investors

Pentech Ventures, Lanza Tech Ventures, Herald Investment Management

Primary Industry

Software

Sub Industries

Software

Website

www.criticalblue.com

Company Stage

Series C

Total Amount Raised

Subscriber access only

Approov Limited - financials

Fiscal Year EndedMay 31, 2011May 31, 2012May 31, 2013May 31, 2014May 31, 2015May 31, 2016May 31, 2017May 31, 2018May 31, 2019May 31, 2020May 31, 2021May 31, 2022Dec 31, 2023
Revenue (USD)675,491------------
% Revenue Growth (YoY)-------------
EBITDA (USD)(424,886)------------
Operating Income (USD)(434,322)------------
Operating Margin(64.3%)------------
% EBITDA Margin(62.9%)------------
NET Income (USD)(425,889)------------
% Net Margin(63.0%)------------

Approov Limited - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Series CCompletedApproov Limited-
Unspecified RoundCompletedApproov Limited-
Series BCompletedApproov Limited-
Series ACompletedApproov Limited-

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Approov Limited - employee data

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