Exein SpA has raised €100 million, a funding surge the Italian cybersecurity startup says will fuel its expansion and sharpen defenses for the increasingly connected world — from cars and smart speakers to factory floors.
The Rome-based company announced Thursday that the financing totals €100 million ($117 million) and comes from a consortium that includes J.P. Morgan, underscoring growing investor appetite for security tools embedded directly into connected devices.
Global Investors Back Embedded Security
The round was led by U.S. technology investor Blue Cloud Ventures, with participation from HV Capital of Germany, Geodesic Capital in the United States and Intrepid Growth Partners of Canada. Details on legal advisers for the transaction were not immediately available.
Exein said the fresh capital will help it expand internationally and pursue acquisitions, accelerating growth as cyber threats multiply alongside connected devices.
Securing the Internet of Things
Founded in 2018, Exein builds cybersecurity software powered by artificial intelligence that is embedded directly into devices that connect to the internet and exchange data. These so-called internet of things products — including thermostats, home routers, vehicles and industrial machines — can become prime targets for hackers when security updates lag.
Rather than acting as an external shield, Exein’s technology runs inside devices, aiming to detect and block attacks in real time.
