Exein, a Rome, Italy-based company specializing in embedded IoT cybersecurity, announced it has secured €15 million (about $16.4 million) in a Series B funding round led by 33N, a firm focused on cybersecurity and infrastructure software investments.
The round also included contributions from Partech and continued support from existing investors such as United Ventures, eCAPITAL, and Future Industry Ventures, a Redstone/SBI fund.
The fresh capital injection will fuel Exein’s aggressive expansion plans across Europe, the United States, and Taiwan.
In addition to its Rome headquarters and existing offices in Germany and San Francisco, Exein is set to open a new office in Taipei to drive growth in the APAC region. The company also plans to double its workforce within the next year.
Founded in 2018, Exein is pioneering a shift in IoT security by embedding advanced security measures directly into device software, rather than focusing on network-level protections.
This approach, which Exein describes as creating a digital immune system for devices, ensures each device is secured independently, enhancing protection against cyber threats and ensuring compliance with global cybersecurity regulations.
Exein’s technology leverages artificial intelligence at the edge to offer real-time threat detection and response capabilities directly on the device.
This innovative application of AI not only advances the sophistication of security measures but also adapits and reacts proactively, providing a tailored defense mechanism for manufacturers.
The company’s security solutions are now integral to all Yocto Project initiatives, a major player in the embedded Linux sector that impacts six billion devices annually.
This affiliation with Yocto underscores Exein’s growing influence and positioning as a standard-bearer in embedded security, according to the announcement.
As IoT devices become ubiquitous in everything from consumer electronics to critical infrastructure, the demand for robust, integrated security solutions grows. Exein said its mission to deliver security-by-design directly at the device level positions it as a frontrunner in a vital sector poised for significant growth in our increasingly digital world.