Exein raises €15 million for device-level IoT security

IoT Security Company Exit raised EUR 15 million in a Series B funding round, bringing its total funding to over EUR 23 million.

Exein focuses on IoT security 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, ensuring its independent security.

Unlike traditional network-based security methods, Exein’s endpoint approach focuses on protecting individual devices rather than solely protecting the network.

With a decentralized approach, manufacturers can seamlessly integrate cutting-edge security into their products, protecting devices from cyber threats and ensuring compliance with stringent global cybersecurity regulations.

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 defense mechanism tailored to each manufacturer’s specific needs.

Since its founding in 2018, Exein has forged strong partnerships with key industry players such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor, continually expanding its presence and influence in the market. Millions of devices already benefit from Exein security.

Exein technology is also supported by Yocto Projectpart of the Linux embedded systems sector, which runs on six billion devices per year. This solidifies its position as the industry standard for embedded systems.

Gianni Cuozzo, Founder and CEO of Exein, said:

“Built-in security is now considered essential.

Manufacturers need advanced and reliable built-in security, and Exein delivers just that.

We have always championed security by design as the only viable approach to securing connected devices, and I am proud to have pioneered a decentralized approach to security. In our increasingly connected world, every device must be equipped with cutting-edge cybersecurity capabilities.”

Projects 33N led the round, which was joined by Partechand existing United EnterpriseseCAPITAL and Future Industry Ventures and

Red stone (Redstone/SBI fund).

Commenting on his investment, Carlos Alberto Silva, Managing Partner of 33N, adds:

“The number of connected devices is growing exponentially, especially in high-risk industries like robotics, space infrastructure, and biotechnology, all of which require state-of-the-art security. Exein saw this opportunity long before anyone else in the market.

They have developed technologies that set the global standard for embedded cybersecurity. As regulatory frameworks around the world grow, demand for embedded security will only increase, and Exein is poised to lead this critical market.”

The fresh capital will fuel Exein’s ambitious global expansion plans across Europe, the US, and Asia, where a new office in Taipei will spearhead regional growth. Exein’s headcount is also expected to double over the next year.

Main photo: Exein. Photo: unknown.