Trends
Exein secures $15M to bolster IoT device security
Exein, a Rome-based IoT cybersecurity startup, has secured $15 million in a Series B funding round led by 33N
Headline
Exein, a Rome-based IoT cybersecurity startup, has secured $15 million in a Series B funding round led by 33N
Context
OUR TAKE Exein’s approach to embedding security directly into device software represents a significant advancement in IoT cybersecurity, addressing vulnerabilities that could have severe consequences like safety risks, production disruptions and financial losses . Additionally, the company’s participation in the Yocto Project, impacting 6 billion devices annually, highlights Exein’s role in making the connected world safer and more reliable for a wide range of industries and users worldwide. –Jennifer Yu, BTW reporter Exein, a Rome-based IoT cybersecurity start-up, has secured $15 million in a Series B funding round led by 33N, a VC specialising in cybersecurity and infrastructure software. The funds will aid Exein’s expansion in Europe, the US, and Asia.
Evidence
Pending intelligence enrichment.
Analysis
Exein’s innovative security solution integrates directly into device software, providing “immunisation” against cyberattacks and employing AI at the edge to boost protection. The company participates in the Yocto Project, part of the embedded Linux sector, affecting 6 billion devices annually. Exein CEO Gianni Cuozzo emphasised their role in securing critical systems. “We secure machinery systems, CNC systems, so things that have a real impact on people’s lives. If you are an employee working with a robotic arm and something happens, you can get hurt or a production line can be stopped,” he said. “There was no software standardisation before us. Everybody was doing their own framework and security approach. We are the first standardisation in security sanitation layer in this market,” he added. This funding round also saw contributions from Partech and existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund).
Key Points
- Exein’s solution embeds security into device software, using AI at the edge to boost protection.
- The company participates in the Yocto Project, part of the embedded Linux sector, affecting 6 billion devices annually.
Actions
Pending intelligence enrichment.
