Exein, an embedded IoT cybersecurity firm based in Rome, Italy, has raised €15 million in a Series B funding round. The investment, led by 33N and joined by Partech along with existing investors United Ventures, eCAPITAL, and Future Industry Ventures, will support Exein’s expansion into Europe, the US, and Asia, including a new office in Taipei. The company plans to double its workforce within the next year as part of its global growth strategy.
Exein is recognized for its unique approach to IoT security by embedding advanced protection directly into device software rather than relying solely on network-level defenses. This decentralized method creates a “digital immune system” for each device, ensuring robust security and compliance with global cybersecurity standards. The company’s technology also incorporates edge AI to provide real-time threat detection and adaptive response, enhancing security across a wide range of sectors.
The firm’s security solutions are now integral to all Yocto Project initiatives, positioning Exein as a key player in embedded Linux security. Yocto Project, which operates on six billion devices annually, endorses Exein’s technology, cementing its status as a standard in the industry. Since its inception in 2018, Exein has established significant partnerships with industry leaders such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor.
Exein’s CEO, Gianni Cuozzo, emphasized the importance of embedded security in today’s interconnected world and expressed excitement about expanding Exein’s reach globally. Carlos Alberto Silva of 33N highlighted Exein’s foresight in recognizing the growing need for embedded security in high-risk industries. Exein’s mission to create a safer digital environment continues as it leads the market with its innovative security solutions.
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