Exein, an IoT cybersecurity specialist headquartered in Rome, has successfully secured a €15m Series B funding round.
This substantial financial boost was led by 33N, a firm that focuses on investing in cybersecurity and infrastructure software, with participation from Partech. The funding round also saw re-investment from existing stakeholders including United Ventures, eCAPITAL, and Future Industry Ventures, a Redstone/SBI fund.
The company, which safeguards over 80 million IoT devices daily across the industrial, automotive, and aerospace sectors, is set for a bold expansion. Plans include broadening its footprint across Europe, the US, and Asia, with a new office set to open in Taipei to spearhead growth in the region. Furthermore, Exein is expected to double its headcount within the next year, illustrating a robust growth trajectory.
Exein is revolutionizing IoT security by embedding advanced security directly into devices at the manufacturing level. This method offers a unique digital immune system for each device, independent of network security measures. Such endpoint security ensures that device manufacturers can integrate state-of-the-art security features seamlessly, protecting against cyber threats and complying with emerging global cybersecurity regulations.
The company also incorporates cutting-edge edge AI technology to enhance device protection, enabling real-time threat detection and response capabilities built directly into the devices. This proactive and adaptive approach to security positions Exein as a leader in the field, especially as it becomes integral to all Yocto Project initiatives—a major player in the embedded Linux market.
Gianni Cuozzo, Founder & CEO of Exein, emphasized the necessity of embedded security, “Embedded security is now recognized as essential. We are already living in a digital world and connected devices permeate every aspect of our lives—from homes and cars to cities and critical infrastructure. Manufacturers need advanced, seamless embedded security, and Exein delivers just that.
“We have always advocated for security-by-design as the only viable approach to connected device security and I am proud that we have pioneered a decentralised approach to security. In our increasingly connected world every device must be equipped with cutting-edge cybersecurity capabilities and I am excited to expand our presence across Europe, US, and Asia, driven by
our mission to create a safer digital world.”
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