Press release

Build38 recognised as the "Most Scalable Startup" and winner of the "Connectivity and Data" category at South Summit Madrid 2023

BARCELONA, SPAIN – June 13, 2023 – Build38, a leading provider of Mobile Application protection solutions combining AI-powered threat intelligence and advanced app shielding technology, has achieved dual success at the prestigious South Summit Madrid 2023 Startup Competition.

The company emerged as the winner in the ‘Connectivity and Data’ category and secured the coveted title of ‘Most Scalable Startup’ in the final round.

Among this year’s top ten finalists in the ‘Connectivity and Data’ category, Build38 emerged as the category winner and later earned the prestigious accolade of ‘Most Scalable Startup’ during the final round. Joaquín Fernández, Managing Director of Build38 Iberia and COO, delivered the pitch on stage.

This recognition marks another important milestone for Build38 during a period of rapid growth. The company doubled its size and revenue over the last year and recently unveiled its new Barcelona headquarters, further demonstrating its commitment to digital transformation initiatives in Spain and as one of the leaders in the Mobile Application protection space.

About Build38

Build38 provides mobile application protection solutions and is the pioneer in combining In-App Shielding, Threat Monitoring, and Reaction into a single platform powered by AI. With headquarters in Barcelona and global offices in Munich and Singapore, Build38 safeguards applications across various industries, including finance, digital identities, public transport, automotive, and healthcare. The company has been recognized multiple times in GARTNER’s Market Guide and Hype Cycles for Application Security and Endpoint Security since 2019.

Founded in 2019 by cybersecurity, payment, identity, and software security experts Dr. Christian Schläger (CEO), Pedro Hernandez (CRO), Joaquín Fernández (COO), Marc Obrador (CTO), and Torsten Leibner (VP Markets & Regulation), Build38 is backed by prominent European investors, including Tikehau Capital, Caixa Capital Risc, eCAPITAL Entrepreneurial Partners, and Giesecke+Devrient Ventures. To date, the company has raised over €16M. For more information, visit:

About South Summit

South Summit is a renowned global innovation platform that unites leaders from the entrepreneurial ecosystem to explore disruptive trends and discover promising business opportunities. The annual South Summit Madrid event features a startup competition, where a carefully curated selection of 100 innovative startups pitch their ideas to a panel of influential investors and business leaders. Startups are evaluated based on criteria such as innovation, team, scalability, and viability. For more information, visit