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23 April 2024·2 min read

Joy Laoun

News Editor, Vestbee

Czech mobile apps protection startup Talsec secures €1M to expand into the global market

Brno-based mobile protection app Talsec has secured €1 million backed by Dig Ventures and DEPO Ventures. The funding will help Talsec expand its presence worldwide and support further growth.

  • Talsec was founded in 2021 by Ukrainian Sergiy Yakymchuk. It offers App Safety-as-a-Service that includes app and API protection SDK, penetration testing, monitoring service, and user safety suit. Talsec develops full protection for mobile apps on different platforms like Android, iOS, and cross-platform frameworks such as React, Cordova, and Google's Flutter.
  • Talsec uses multiple layers of security to protect apps and APIs from threats like reverse engineering, app cloning, and device rooting. App runtime risks are closely tracked, malware is identified via machine learning, and device and application integrity is checked.
  • The startup has already acquired lots of customers, including Orange, CSOB, BrasilCard, and the Czech Ministry of Interior. 
  • The investment saw participation from London-based Dig Ventures, a venture capital firm that invests in infrastructure and fintech startups across Europe and the US. Additionally, DEPO Ventures is a Prague-based venture capital firm that funds tech startups from the CEE and Baltics regions, also joined the round. 

"Fraud prevention in mobile applications is an important and growing market opportunity. The technology Talsec employs addresses this challenge effectively. Unlike its competitors, Talsec boasts a highly scalable distribution model, enhancing its chances of success. Its initial product is developing rapidly and showing remarkable results. Since we began following Talsec last July, their growth has doubled," partner at DEPO Ventures, Michal Ciffra, commented. 

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