Exein Raises €70M Series C to Build the Digital Immune System for IoT devices
Exein has raised €70 million in Series C funding. This is a major milestone that accelerates our mission to build a digital immune system providing embedded IoT security solutions for connected devices.
The round was led by Balderton and joined by Supernova and Lakestar, with follow-on investments from previous investors 33N, United Ventures, and Partech, which we thank for their constant support.
New investments for IoT and AI cybersecurity growth
With this new capital, we’ll accelerate our global expansion into key markets such as the United States, Japan, Taiwan, and South Korea, while further strengthening our leadership among European companies.
It will also fasten the development of our next-generation technologies, including runtime security solutions designed for AI infrastructure and large language models (LLMs).
Building the immune system of digital life
This investment highlights the growing urgency to tackle the ever-increasing cyberattacks, which are now exposing entire industries and critical infrastructures.
Exein provides advanced security right on the device to protect IoT and embedded systems from the inside out, in real-time, like a digital immune system.
Additionally, Exein technology helps ensure compliance with old and new global cybersecurity regulations, including the forthcoming Cyber Resilience Act, RED 3.3, and the US Cyber Trust Mark.
That’s why the leading chipset and manufacturers, including MediaTek, Supermicro, Kontron, SECO, and AAEON, trust the Exein platform for protecting over 1 billion devices at runtime.
Strengthening European tech foundations
Following our Series B in July 2024, this new round reflects the momentum behind Exein, including 450% year-over-year growth.It will also help us and our commitment to actively pursuing strategic acquisitions to expand our reach in the cybersecurity ecosystem.
Our Founder and CEO, Gianni Cuozzo, pictures the current state of both Exein and the cybersecurity industry:
"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.”
Elena Moneta, Principal at Balderton, echoes these sentiments:
“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.”
What comes next
We are grateful for the continued support from our investors, partners, and customers as we work to improve security for connected devices around the world.
This new funding will help us grow steadily, enhance our technology, and meet the evolving needs of the IoT and AI cybersecurity markets.
We remain committed to building reliable, effective solutions that protect devices at the core and support compliance with global regulations.