Exein says it is experiencing a 450pc year-on-year growth.
Rome-based cybersecurity start-up Exein has raised €70m in a Series C round to accelerate its global expansion into the US, Japan, Taiwan and South Korea and strengthen its position in existing markets in Europe.
The round was led by London-based venture firm Bladerton, with participation from Supernova and Lakestar, as well as 33N, United Ventures and Partech.
In addition, the firm also plans to use the infusion to accelerate developing its runtime security solutions designed for AI and large language models, as well as make strategic acquisitions.
The 2018-founded company is developing a system that provides embedded Internet of Things (IoT) security solutions for connected devices. Its clients include leading chipset manufacturers, including MediaTek, Supermicro, Kontron, Seco and Aaeon.
Exein was highlighted in a 2019 SiliconRepublic.com list on up and coming IoT and hardware start-ups – just a year after its launch.
While recently, the firm was ranked 22 in a Sifted list on France and Southern Europe’s fastest-growing start-ups by revenue.
The start-up raised €15m in a series B funding round a year ago. In addition, it also experiencing a 450pc year-on-year growth.
According to Exein, the latest investment highlights the growing urgency to tackle the ever-increasing concerns around cyberattacks.
“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,” said Exein founder and CEO Gianni Cuozzo.
“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.”
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