Roma-based Exein, an embedded IoT cybersecurity company, announced that it has raised €15M in a Series B round of funding.
The round was led by an investor in cybersecurity and infrastructure software, 33N, and supported by Partech, along with existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund).
Carlos Alberto Silva, Managing Partner at 33N, says, “Our investment in Exein reflects our commitment to back the most innovative cybersecurity companies in Europe and beyond. There is exponential growth in the number of connected devices especially in high-risk industries like robotics, space infrastructure and biotechnology, all of which require state-of-the-art security.”
“Exein saw this opportunity well before anyone else in the market. They have developed technologies that set the global standard for embedded cybersecurity. With the rise of regulatory frameworks worldwide, the demand for embedded security will only increase, and Exein is poised to lead this critical market.”
Capital utilisation
The funds will support Exein’s global expansion into Europe, the US, and Asia, with a new office in Taipei. The company also plans to double its workforce within the next year.
Gianni Cuozzo, founder & CEO of Exein, says, “Embedded security is now recognised 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, the US, and Asia, driven by our mission to create a safer digital world.”
Developing next-gen IoT-embedded cybersecurity
Founded in 2018, Exein is an embedded IoT cybersecurity company that focuses on device-level security by embedding advanced measures directly into device software.
This use of AI ensures that security measures are not only advanced but also adaptive and proactive, providing a defence mechanism tailored to the specific needs of each manufacturer.
Using edge AI for real-time threat detection and response, Exein protects over 80 million devices daily across the industrial, automotive, and aerospace sectors.
The company aims to transform IoT security with a decentralised approach, creating a digital immune system for each device, ensuring integration of security measures, and meeting stringent global cybersecurity regulations.
Exein is headquartered in Rome, Italy, and has offices in Germany and the US.
The Italian company has become integral to all Yocto Project initiatives, a leader in the embedded Linux sector, operating on six billion devices annually. This endorsement solidifies Exein’s position as the industry standard for embedded security.
Exein has also formed partnerships with industry giants such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor.
