Exein's Groundbreaking Approach to IoT Security Secures €15 Million in Series B Funding
July 13, 2024, 3:43 am
Exein, a Rome-based IoT security company, has recently closed a successful Series B funding round, raising an impressive €15 million. This substantial investment will fuel Exein's mission to revolutionize the landscape of cybersecurity by focusing on device-level protection in the ever-expanding Internet of Things (IoT) ecosystem.
Unlike traditional security measures that primarily target network defenses, Exein's approach is to embed advanced security measures directly into the software of individual devices. This innovative strategy creates a digital immune system for each device, ensuring a robust defense mechanism that operates independently and proactively.
By prioritizing the security of individual devices, Exein aims to provide manufacturers with a seamless integration of cutting-edge security features into their products. This not only safeguards devices from potential cyber threats but also ensures compliance with stringent global cybersecurity regulations that are continuously evolving.
One of the key elements of Exein's security framework is the utilization of advanced artificial intelligence (AI) at the edge. This technology enables real-time threat detection and response directly on the device, enhancing the overall protection and adaptability of the security measures implemented.
Through strategic partnerships with industry giants such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor, Exein has solidified its presence in the market. Millions of devices are already benefiting from Exein's security solutions, further establishing the company as a leader in embedded security.
Gianni Cuozzo, the visionary Founder and CEO of Exein, emphasized the critical importance of embedded security in today's interconnected world. He highlighted the necessity for advanced cybersecurity capabilities in every device, underscoring Exein's commitment to pioneering a decentralized approach to security.
The recent funding round was led by 33N Ventures, a specialized investor in cybersecurity and infrastructure software, with participation from Partech and continued support from existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund). Carlos Alberto Silva, Managing Partner at 33N Ventures, expressed confidence in Exein's ability to set the global standard for embedded cybersecurity, especially in high-risk industries like robotics, space infrastructure, and biotechnology.
Looking ahead, Exein plans to leverage the fresh capital to drive ambitious global expansion initiatives across Europe, the United States, and Asia. A new office in Taipei will serve as a strategic hub for growth in the Asian market, while the company's headcount is expected to double within the next year.
With a steadfast commitment to innovation and a relentless pursuit of creating a safer digital world, Exein is poised to lead the charge in shaping the future of IoT security. Through its cutting-edge technologies and unwavering dedication to security-by-design principles, Exein is set to redefine the standards of cybersecurity in the IoT landscape.
Unlike traditional security measures that primarily target network defenses, Exein's approach is to embed advanced security measures directly into the software of individual devices. This innovative strategy creates a digital immune system for each device, ensuring a robust defense mechanism that operates independently and proactively.
By prioritizing the security of individual devices, Exein aims to provide manufacturers with a seamless integration of cutting-edge security features into their products. This not only safeguards devices from potential cyber threats but also ensures compliance with stringent global cybersecurity regulations that are continuously evolving.
One of the key elements of Exein's security framework is the utilization of advanced artificial intelligence (AI) at the edge. This technology enables real-time threat detection and response directly on the device, enhancing the overall protection and adaptability of the security measures implemented.
Through strategic partnerships with industry giants such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor, Exein has solidified its presence in the market. Millions of devices are already benefiting from Exein's security solutions, further establishing the company as a leader in embedded security.
Gianni Cuozzo, the visionary Founder and CEO of Exein, emphasized the critical importance of embedded security in today's interconnected world. He highlighted the necessity for advanced cybersecurity capabilities in every device, underscoring Exein's commitment to pioneering a decentralized approach to security.
The recent funding round was led by 33N Ventures, a specialized investor in cybersecurity and infrastructure software, with participation from Partech and continued support from existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund). Carlos Alberto Silva, Managing Partner at 33N Ventures, expressed confidence in Exein's ability to set the global standard for embedded cybersecurity, especially in high-risk industries like robotics, space infrastructure, and biotechnology.
Looking ahead, Exein plans to leverage the fresh capital to drive ambitious global expansion initiatives across Europe, the United States, and Asia. A new office in Taipei will serve as a strategic hub for growth in the Asian market, while the company's headcount is expected to double within the next year.
With a steadfast commitment to innovation and a relentless pursuit of creating a safer digital world, Exein is poised to lead the charge in shaping the future of IoT security. Through its cutting-edge technologies and unwavering dedication to security-by-design principles, Exein is set to redefine the standards of cybersecurity in the IoT landscape.