Italian-based Exein, a company focused on embedded cybersecurity for connected devices, has secured €100 million in new funding,
following its €70 million Series C round in July 2025. This brings the
company’s total capital raised in 2025 to €170 million. The round is led by
Blue Cloud Ventures, with participation from HV Capital, Intrepid Growth Partners, Geodesic Capital, and J.P. Morgan.
The €100 million comprises an
equity investment alongside a financing facility led by J.P. Morgan.
As cyberattacks increasingly affect physical
infrastructure, disrupting hospitals and airports, interrupting transport
systems, and compromising supply chains, manufacturers are placing greater
emphasis on security embedded directly into devices, rather than relying
primarily on perimeter-based defences.
Exein’s platform integrates AI-enabled runtime
security into firmware, enabling connected devices to detect, contain, and
respond to threats in real time, including in environments where continuous
connectivity is not available. This approach can support integrity and
provenance checks across supply chains and help organisations meet requirements
under frameworks such as RED 3.3, the forthcoming EU Cyber Resilience Act, and
the US Cyber Trust Mark.
The company says its embedded, hardware-agnostic
platform currently protects more than 1.5 billion devices across sectors, including energy, healthcare, defence, automotive, aerospace, industrial
automation, semiconductors, and robotics.
Exein expects the number of devices
running its software to exceed two billion in the first quarter of 2026, driven
by new deployments, growth in active devices, and increasing regulatory focus
on device-level security.
Commenting on the product roadmap, Gianni Cuozzo,
Founder & CEO of Exein, said:
We’ll unveil the first
wave of this breakthrough at RSAC in Q1, as we continue building the digital
immune system that will protect the connected world for years to come.
Exein plans to use the new funding to develop its
next generation of embedded runtime security technology for connected devices,
including AI-enabled protections for on-device AI and large language models,
with an initial release expected to be presented at RSAC 2026.
The company also
intends to support a multi-transaction M&A programme in 2026 across Europe
and the United States, and to accelerate international expansion, with a
particular focus on the US and APAC markets.
The company’s
valuation increased significantly in the five months between the July
fundraising round and this extension, reflecting changes in its commercial
position and broader demand for device-level cybersecurity.