Italian IoT-embedded cybersecurity agency Exein on Wednesday introduced elevating €70 million (roughly $81 million) in a Sequence C funding spherical that brings the overall raised by the corporate to over $106 million.
The brand new funding spherical was led by Balderton, with further assist from Supernova, Lakestar, and former buyers 33N, United Ventures, and Partech.
Based in 2018 and based mostly in Rome, Italy, Exein gives AI-enabled, real-time risk detection capabilities embedded into IoT units used throughout vital infrastructure, automotive, power, healthcare, robotics, and semiconductor industries.
As an alternative of counting on community defenses, the cybersecurity agency focuses on securing particular person units, enabling producers to embed fashionable safety instruments into their merchandise.
This method, the corporate says, not solely retains related units shielded from backdoors to stop assaults that might result in information breaches, but additionally ensures that organizations stay compliant with stringent world cybersecurity rules.
Moreover, Exein is engaged on runtime safety options for AI infrastructure and LLMs, to handle a rising want for securing these instruments straight on units.
The recent funding will assist the corporate develop globally throughout the US and Asia and strengthen its place on the European market, and can gasoline its pursuit for strategic M&A alternatives.
“Embedded safety on the machine stage is prime, and we’re proud to assist producers in offering the very best ranges of safety, providing them confidence in figuring out they’re compliant with the most recent safety laws,” Exein founder and CEO Gianni Cuozzo mentioned.Commercial. Scroll to proceed studying.
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