Rome-based Exein, an Italian firm centered on embedded IoT cybersecurity, has secured €70M in a Sequence C funding spherical.
The funding was led by Balderton, with participation from Supernova and Lakestar. Current traders 33N, United Ventures, and Partech additionally took half.
Elena Moneta, Principal at Balderton, says, “We’re residing in an period the place all the pieces — from rail networks to industrial equipment — is related, and subsequently uncovered. As important infrastructure turns into more and more software-defined and networked, the dangers multiply, particularly with AI enabling attackers to hit extra targets quicker than ever earlier than. And they’re not breaching via the entrance door; the microwave on a army ship, or the good fish tank in a hospital ready room – any one among these might be exploited to compromise your complete community.”
“Exein tackles this menace the place it begins: on the gadget itself, embedding real-time safety on the sting — constantly monitoring, studying, and responding in actual time. There isn’t any higher crew to tackle this problem, and we’re immensely proud to be partnering with Gianni and crew as they construct the cybersecurity basis for the AI-powered, hyper-connected world forward.”
Subsequent-gen embedded cybersecurity
Based in 2018 by Giovanni Falcione, Gianni Cuozzo and Gerardo Gagliardo, Exein is addressing the rise in cyberattacks focusing on good gadgets, which have turn out to be entry factors into programs at companies and organisations.
In accordance with the corporate, one in three knowledge breaches entails an IoT gadget, and lots of are linked to state-sponsored actors. Exein’s focus is on securing these gadgets, together with these utilized in railway networks and healthcare suppliers.
The corporate is constructing a digital immune system for related gadgets. This method operates on the gadget degree fairly than relying solely on network-based defences. Exein’s strategy permits producers to combine safety instruments immediately into their merchandise. This helps meet international cybersecurity laws, together with Europe’s NIS2 directive, the upcoming Cyber Resilience Act, and the US Cyber Belief Mark.
The corporate gives AI-enabled, real-time menace detection for industries corresponding to infrastructure, semiconductors, power, automotive, healthcare, and robotics. It secures over one billion good gadgets globally and works with chipset and OEM/ODM producers like MediaTek, Supermicro, Kontron, SECO, and AAEON.
Capital utilisation
Experiencing over 450 per cent year-over-year progress, Exein can also be increasing into runtime safety for AI infrastructure and enormous language fashions (LLMs). These options concentrate on securing AI programs working inside gadgets, fairly than via centralised cloud platforms.
The funds will help Exein’s growth into the US, Japan, Taiwan, and South Korea, strengthen its operations in Europe, and allow the corporate to pursue M&A alternatives inside the cybersecurity sector.
Gianni Cuozzo, founder & CEO of Exein, says, “Exein’s extraordinary progress is a testomony to the pressing demand to safe gadgets that are ubiquitous in our on a regular basis lives. Embedded safety on the gadget degree is prime, and we’re proud to help producers in offering the very best ranges of safety, providing them confidence in realizing they’re compliant with the most recent safety laws.”
“I’m extraordinarily proud to be fortifying the foundations of European tech innovation, and to have the belief of our companions and traders as we broaden globally and proceed our mission of constructing the digital immune system for the related world.”
