Exein raises €15m in Series B funding as it sets global standard for embedded cybersecurity
PORTFOLIO NEWSExein, 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. 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, US, and Taiwan. Adding to its headquarters in Rome and existing offices in Germany and San Francisco, the new office in Taipei will spearhead growth in the APAC region, doubling Exein’s headcount within the next year.
Exein revolutionises IoT security by focusing at 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. Unlike traditional network-based security methods, Exein’s endpoint approach emphasizes securing individual devices rather than relying solely on network defenses. This decentralized approach ensures that manufacturers can seamlessly integrate cutting-edge security into their products, safeguarding devices from cyber threats and ensuring compliance with the stringent global cybersecurity regulations being implemented.
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.
Exein’s technology is now integral to all Yocto Project initiatives. Yocto is a leading 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.
Embedded security is now recognized as essential. As the world moves from analogue to digital, 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. 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 decentralized 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, US, and Asia, driven by our mission to create a safer digital world.
Gianni Cuozzo, Founder & CEO, Exein
Our continued support for Exein in this oversubscribed financing round reflects our commitment to back the most innovative cybersecurity companies in Europe from an early phase. Exein is perfectly positioned to lead the critical market of IoT security. We are very happy to having such esteemed investors as 33N and Partech joining the team.
Dirk Seewald, Managing Partner, eCAPITAL
About Exein
Exein is a leading embedded IoT cybersecurity company headquartered in Rome, Italy, with offices in Germany and US. Exein focuses on device-level security, embedding advanced security measures directly into device software. Leveraging edge AI for real-time threat detection and response, Exein protects over 80 million devices daily across various sectors including industrial, automotive, and aerospace. Exein is committed to setting the global standard for embedded cybersecurity and building the immune system for digital life.
About eCAPITAL
Founded in 1999, eCAPITAL is an entrepreneur-led venture capital investor focusing on early- and growth-stage deep-tech companies with a positive impact on society. eCAPITAL is based in Germany and invests with its own funds with a total volume of over € 400 million in the areas of Sustainability, Enterprise Software, Cybersecurity, IoT and New Materials. In addition to financial resources, eCAPITAL offers its portfolio companies strategic support and access to an international network of entrepreneurs, scientists, investors and founders and was lead investor in various deep-tech companies such as sonnen, Novaled or Jedox, which were sold very successfully to international corporates or investors.
Contact
Exein
Piazzale Flaminio 19,
00196 Rome, Italy
https://www.exein.io/contact/
eCAPITAL ENTREPRENEURIAL PARTNERS AG
Bettina Schäfer
Hafenweg 24
48155 Münster, Germany
Tel.: +49 251 70 37 67 0
Email: info@ecapital.vc
www.ecapital.vc