Exein, a leader in embedded IoT security, has secured €70 million in a Series C funding round to advance its mission of developing a digital immune system for connected devices, providing real-time security solutions. The funding, led by Balderton with contributions from Supernova, Lakestar, and previous investors, will enable Exein’s global expansion into key markets, including the United States, Japan, Taiwan, and South Korea.
A significant portion of the investment will focus on developing next-generation runtime security solutions for AI infrastructure and large language models. This funding also underscores the urgent need for advanced cybersecurity in light of the rising number of cyberattacks threatening critical infrastructure.
Exein’s platform currently protects over 1 billion devices, trusted by major manufacturers including MediaTek and Supermicro. This latest funding round also follows a successful Series B in July 2024 and underscores Exein’s 450% year-over-year growth, enabling further strategic acquisitions and technological enhancements to meet the dynamic needs of the IoT and AI cybersecurity markets.
KEY QUOTES:
“Exein’s extraordinary growth is a testament to the urgent demand to secure devices which are ubiquitous in our everyday lives. Embedded security at the device level is fundamental, and we are proud to support manufacturers in providing the highest levels of security, offering them confidence in knowing they are compliant with the latest security legislation. I’m extremely proud to be fortifying the foundations of European tech innovation, and to have the trust of our partners and investors as we expand globally and continue our mission of building the digital immune system for the connected world.”
Exein Founder and CEO Gianni Cuozzo
“We’re living in an era where everything — from rail networks to industrial machinery — is connected, and therefore exposed. Exein tackles this threat where it begins: on the device itself, embedding real-time security on the edge — continuously monitoring, learning, and responding. There is no better team to take on this challenge.”
Elena Moneta, Principal at Balderton
