Exein reports that it has completed a EUR 15 million Series B financing round. The round was led by 33N, an investor specialising in cybersecurity and infrastructure software, with the participation of Partech. Existing investors United Ventures, which led a EUR 2 million round in November 2018, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund) also participated in the EUR 6 million round in September 2021. The new capital will support Exein’s global growth plans in Europe, the US and Asia, with the opening of a new office in Taipei to strengthen its presence in the Asian market. The company also plans to double its workforce within the next year.
Exein aims to innovate in the field of IoT security with an approach that shifts the focus from the network to individual devices. By integrating advanced security measures directly into the software of the devices, Exein creates what it calls a digital immune system for each device, ensuring its security autonomously and proactively. Unlike traditional approaches based on network security, Exein offers intrinsic, decentralised protection. This method allows manufacturers to easily integrate robust security measures into their products, protecting devices from evolving cyber threats and ensuring compliance with increasingly stringent global cybersecurity regulations.
Exein uses advanced artificial intelligence in edge computing to enhance protection, enabling real-time threat detection and response directly at the device. This 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.
Exein’s technology has become a fundamental pillar for all initiatives of the Yocto Project, which operates in the field of embedded Linux systems with over six billion devices worldwide. This activity positions Exein as a security component in the embedded market, consolidating its role as the industry standard for embedded security. Since 2018, Exein has built partnerships with key players such as Seco, ARM, Nvidia, AWS and Lattice Semiconductor.
Gianni Cuozzo, founder and CEO of Exein, pictured, says in a note: ‘Embedded security is indispensable. We live in a digital world where connected devices permeate every aspect of our lives, from homes to cars, from cities to critical infrastructures. This increasing interconnectedness exposes systems to an ever-changing cyber threat landscape, making embedded security a must. Exein is aware of this need and offers advanced and continuous embedded security solutions for manufacturers of connected devices. We firmly believe that security by design is the most effective approach to protect connected devices, and we are proud of our decentralised method that guarantees the intrinsic security of each device. I am excited to expand our presence in Europe, the United States and Asia with the mission of making the digital world safer’.
Carlos Alberto Silva, managing partner of 33N, adds: ‘Our investment in Exein represents a concrete commitment to supporting the most innovative cybersecurity companies in Europe and globally. In a world where the number of connected devices is growing exponentially, especially in high-risk sectors such as robotics, space infrastructure and biotechnologythe need for reliable and effective security solutions is more pressing than ever. Exein understood this need early on and developed revolutionary technologies that set the global standard for integrated cybersecurity. With the tightening of regulations globally, the demand for embedded security solutions is set to grow exponentially and Exein is ready to lead this expanding market’.
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