Italian cybersecurity company Exein has raised €70 million (~$81 million) in a Series C funding round, bringing its total funding to over $106 million. The round was led by Balderton Capital, with participation from Supernova, Lakestar, and returning backers 33N, United Ventures, and Partech.
Founded in 2018 and headquartered in Rome, Exein specializes in AI-powered, real-time threat detection embedded directly into IoT devices. The company serves sectors like critical infrastructure, automotive, energy, healthcare, robotics, and semiconductors.
Exein’s approach shifts security from the network level to the device level, allowing manufacturers to build security directly into products. This not only helps prevent data breaches and backdoor attacks, but also supports compliance with global cybersecurity standards.
The company is also expanding into runtime security for AI systems and LLMs, aiming to secure next-gen infrastructure at the device level.
The new funding will accelerate global expansion into the US and Asia, reinforce Exein’s European market presence, and support strategic acquisitions.
“Embedded security at the device level is fundamental,” said Exein CEO Gianni Cuozzo. “We’re proud to help manufacturers ensure compliance and top-tier protection.”
