Exein Raised 15M To Expand IoT Security Solution

A Rome-based Cybersecurity company Exein raised 15M to expand IoT security in a Series B funding round.

This has brought their total funding to a staggering $23 million, enough for them to achieve their goal.

With enough funding and support, what is Exein, and will their mission to make IoT security better be successful?

Exein Raised 15M To Expand IoT Security

Exein is a cyber security company that has a different approach to IoT security. Rather than focusing only on network defense, they aim to embed advanced security measures directly into the device software.

This will make sure each device that they embedded will be secure like never before. Their approach is innovative and has even been endorsed by The Yocto Project.

Exein Raised 15M To Expand IoT Security. Image Credit: Social Media.

CEO of Exien Gianni Cuozzo said in an interview highlighting the potential of their company by stating:

There was no software standardization before us. Everybody was doing their own framework and security approach. We are the first standardization in security sanitation layer in this market.

Device security is a major concern in today’s world, where most production lines use robotic machinery. Therefore, companies like Exein and Sweden-based Buddywise come up with a high-class security approach.

Details of Funding

Exein raised 15M to expand IoT security, and 33N Ventures led the funding round. 33N Ventures is a capital firm specializing in cybersecurity and infrastructure software. Partech, United Ventures, eCAPITAL, Future Industry Ventures, and Redstone also made notable investments in Exein.

Exein Raised 15M To Expand IoT Security. Image Credit: Social media.

This fresh capital for Exein will allow them to expand their plans all over Europe, Asia, and the US. They might also work towards fixing issues and concerns related to IoT.

As the number of interconnected devices increases, Exein will grow with them if they protect and prevent cyber-attacks.

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Future of IoT Security

Exein’s focus on device security shows a new and innovative way towards security compared to traditional network-based security.

Embedding devices with their immune system will ensure that devices can prevent and eliminate cyber threats.

With a lot of funds and a clear vision, Exein will surely reach heights like never before in the IoT landscape.