Exein, a leading embedded IoT cybersecurity company headquartered in Rome, has successfully raised €15 million in a Series B funding round. The funding initiative was spearheaded by 33N Ventures, a specialized investor in cybersecurity and infrastructure software, with participation from Partech. The significant investment further solidifies Exein’s position in the market as it continues to lead the charge in delivering advanced and seamless embedded security solutions.
Gianni Cuozzo, the esteemed Founder & CEO of Exein, expressed his enthusiasm for the support they have received: “Manufacturers require highly sophisticated embedded security solutions, and Exein is dedicated to fulfilling that need. We firmly believe in the importance of security by design as the most effective approach to safeguarding connected devices. It gives me great pride to see that we have trailblazed a decentralized approach to security.”
This latest financial backing will allow Exein to accelerate the development and deployment of its cutting-edge cybersecurity technologies. With the growing proliferation of IoT devices and the increasing sophistication of cyber threats, Exein’s innovative solutions are well-positioned to address the pressing need for enhanced embedded security across various industries.
By leveraging the newfound capital, Exein will further expand its team of cybersecurity experts and invest in research and development to continuously refine and advance its offerings. The funding will enable the company to continue empowering manufacturers with comprehensive security solutions that prioritize resilience and productivity.
Exein’s forward-thinking approach to embedded IoT security, coupled with its commitment to security by design, positions the company as a key player in the industry. With this new funding, Exein is poised to make significant strides in fortifying the security of connected devices and contributing to the overall advancement of the IoT ecosystem.