Let’s talk about IoT-embedded cybersecurity and Exein.
According to the IoT Security Foundation – a collaborative, vendor-neutral, not-for-profit organization with great confidence in how to prioritize security excellence when adopting IoT solutions – the success of the Internet of Things as a whole simultaneously draws in bad actors that look to compromise assets to siphon sensitive data and disrupt operations. This is why “appropriate security must be baked into every system, and at every level.”
It's true. Well-networked environments within IoT represent interconnectivity capable of benefitting a colossal range of use cases; from consumer wearables and their very homes, to industrial sensors and full-on enterprise automation. This is great, but every new connection also runs the risk of further broadening attack vectors; preventing unauthorized access, data breaches and entire system takeovers is of the utmost importance. Ensuring IoT device integrity and data confidentiality is a must; no two ways about it.
This is where Exein comes in.
Founded in Rome back in 2018, Exein works to empower everyone with what’s needed to create innately secure IoT devices with purpose-built technology. This next-gen IoT-embedded cybersecurity firm detects and secures connected devices so organizations’ digital fleets remain protected at all times. Automotive, the Industrial Internet of Things (IIoT), aerospace, you name it; Exein automates the analysis and identification of security vulnerabilities inside IoT devices – before and after they’re marketed – to provide holistic security that continuously monitors activity and isolates suspicious incidents to promote safety within the digital world.
And earlier this week, Exein announced that it has officially raised €15 million (approximately $16.3 million) in Series B funding, bringing its total amount raised to just over $25 million.
This round was led by 33N, with additional support from Partech and previous investors eCAPITAL, Future Industry Ventures, and United Ventures.
According to the official announcement, Exein will use this investment “to expand across Europe, the U.S., and Asia, doubling its employee base over the next year.”
“What Exein offers has been integrated by OEMs and semiconductor makers across the industrial, automotive, and aerospace industries, protecting over 80 million IoT devices daily,” explained Exein founder and CEO Gianni Cuozzo. “These organizations need advanced, seamless embedded security, and we will continue to deliver precisely that. We have always advocated for security-by-design as the only viable approach to connected device security, and I am proud that we have pioneered a decentralized approach to security.”
Read more about Exein’s portfolio of enterprise-class IoT security solutions here.
Edited by
Greg Tavarez
