Exein, the embedded IoT cybersecurity company, has raised €15m in a Series B round.
The round was led by 33N, a specialised investor in cybersecurity and infrastructure software, and joined by Partech.
Global expansion
The round also saw continued support from existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund).
The fresh capital will drive Exein’s ambitious global expansion plans across Europe, the US as well as Asia where a new office in Taipei will spearhead growth in the region. Exein's headcount is also expected to double within the next year.
IoT security
Embedding advanced security creates a digital immune system for each device, securing it independently
Exein revolutionises IoT security by focusing on 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.
Endpoint approach
Unlike traditional network-based security methods, Exein's 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.
Advanced AI
Exein also leverages advanced AI at the edge to enhance protection, enabling real-time threat detection and response directly on the device.
This innovative use of AI ensures that security measures are not only advanced but also adaptive and proactive, providing a robust defence mechanism tailored to the specific needs of each manufacturer.
Embedded security
Exein has forged strong partnerships with industry players such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor
Exein's technology is integral to all Yocto Project initiatives. Yocto is a major force in the embedded Linux sector, operating on six billion devices annually. This endorsement positions Exein as an essential security component in the market, solidifying its position as the industry standard for embedded security.
Since its founding in 2018, 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.
Seamless security solution
Gianni Cuozzo, Founder & CEO, Exein states, "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."
Security-by-design
"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.”
State-of-the-art cybersecurity
Commenting on their investment, Carlos Alberto Silva, Managing Partner, 33N, adds, “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.”