In an effort to enhance its cybersecurity footprint, Exein, based in Rome, has secured significant investment funds to tackle growing cybersecurity challenges in IoT and AI-enabled systems. With the increasing connectivity of devices across various sectors, the ability to protect embedded systems from unseen threats is vital. The recent funding will enable Exein to extend its security solutions to more regions globally, providing foundational security to mitigate potential data breaches and bolster protection protocols.
Exein’s recent funding round included €70M support from leading investment firms, led by Balderton and joined by Supernova and Lakestar. This financial backing is crucial in light of the escalating cyber threats reported in previous years. Historically, cyberattacks frequently targeted vulnerable network entry points; however, attackers now increasingly exploit IoT devices, prompting a shift in security strategies. Exein’s approach counters these threats by incorporating security directly at the device level.
How Does Exein Confront Modern Cyber Threats?
Exein, established in 2018, approaches cybersecurity with a focus on embedded systems, providing real-time security measures on devices themselves. Unlike traditional network-based security strategies, Exein’s technology continuously monitors and learns from potential threats at the edge. Their system ensures these smart devices do not become weak links within secure networks, allowing businesses to safeguard sensitive information.
The company’s strategy aligns with global cybersecurity regulatory developments, such as Europe’s NIS2 directive and the Cyber Resilience Act. These regulations demand comprehensive security measures to protect data and infrastructure, and Exein’s integration of security tools into devices supports compliance while addressing the increasing threats associated with state-sponsored cyber activity.
Where Will the New Funds Be Utilized?
The recent funding win will enable Exein to expand its operations. Its growth strategy focuses on penetrating the US, Japan, Taiwan, and South Korea markets. Additionally, these funds will bolster their European presence and pursue strategic mergers and acquisitions, enhancing their competitive edge in the cybersecurity landscape.
Furthermore, with a 450 percent yearly growth rate, Exein plans to innovate within AI infrastructure security. Emphasizing device-level protection over centralized cloud systems, Exein aims to secure large language models and AI components, providing manufacturers with advanced security solutions.
Gianni Cuozzo, Exein’s CEO, stated, “Exein’s extraordinary growth is a testament to the urgent demand to secure devices which are ubiquitous in our everyday lives.”
Protecting over one billion smart devices globally through partnerships with major manufacturers like MediaTek and Kontron, Exein is positioned to lead in embedding security tools across industries, including automotive, healthcare, and infrastructure.
Exein’s ongoing expansion reflects a commitment to fortifying technology against cyber threats. As cybersecurity regulations and threats continually evolve, their proactive strategy to embed security into devices aligns with industry standards. This not only enhances device security but also ensures compliance with advancing legislative demands. Experts highlight the importance of integrating security solutions within the device framework to prevent cyber infiltration effectively, an approach Exein is currently leading in the marketplace.
