Exein, an embedded IoT cybersecurity startup based in Rome, has raised €15 million in Series B funding. The round was led by 33N, a specialised investor in cybersecurity and infrastructure software, and joined by Partech, which invested in Gireve and Greenlyte.
The round also saw support from existing investors – United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund).
How will it use the investment?
The fresh capital will drive Exein’s ambitious global expansion plans across Europe, the US and Asia where a new office in Taipei will spearhead growth in the region. The company’s headcount is also expected to double within the next year.
Commenting on their investment, Carlos Alberto Silva, Managing Partner, 33N, said: “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.”
What does the company do?
Led by CEO and founder Gianni Cuozzo in 2018, Exein is an embedded IoT cybersecurity company that focuses on device-level security, developing security measures directly into device software. It revolutionises IoT security by focusing at the device level rather than the network level, embedding advanced security measures directly into the device software. This approach creates a digital immune system for each device, securing it independently.
Unlike traditional network-based security methods, this endpoint approach emphasises securing individual devices rather than relying solely on network defences.
This decentralised approach ensures that manufacturers can seamlessly integrate cutting-edge security into their products, safeguarding devices from cyber threats and ensuring compliance with stringent global cybersecurity regulations being implemented.
With advanced AI to enhance protection, this technology enables real-time threat detection and response directly on the device. Leveraging edge AI for real-time threat detection and response, it protects over 80 million devices daily across various sectors including industrial, automotive, and aerospace.
Since its debut, Exein has forged strong partnerships with important industry players such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor, continually expanding its presence and impact in the market with millions of devices already running with Exein security on board.
Gianni Cuozzo, Founder & CEO, Exein stated: “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.”
What do we think about Exein?
The Italian startup is well-positioned for a transformative future in IoT cybersecurity, bolstered by its recent funding. With plans for global expansion and doubling its headcount, Exein’s innovative device-level security solutions address the growing need for robust protection in high-risk industries.
Its pioneering decentralised approach and strong industry partnerships, including ARM and NVIDIA, indicate significant potential to set global standards in embedded cybersecurity.
