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).
According to Exein, the new funds will support the company’s ambitious global expansion plans across Europe, the US as well as Asia where a new office in Taipei will spearhead growth in the region. Exein's headcount is also expected to double within the next year.
Exein delivers enhanced IoT security by focusing at the device level rather than the network level, embedding advanced security measures directly into the device software.
This approach, according to the company, creates a digital immune system for each device, securing it independently. Unlike traditional network-based security methods, Exein's endpoint approach emphasises securing individual devices rather than relying solely on network defences.
This decentralised approach ensures that manufacturers can seamlessly integrate cutting-edge security into their products, safeguarding devices from cyber threats and ensuring compliance with 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 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 key player 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 established strong partnerships with a number of important industry players including SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor.
Gianni Cuozzo, Founder & CEO, Exein said, "Embedded security is now recognised as essential. We are already living in a digital world and 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 decentralised 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.”
