In our current age, the importance of cybersecurity for computers is widely understood. But have you ever stopped to consider the potential consequences if a robotic arm on a production line were hacked to harm its human co-worker? This issue of “device security” is exactly what the Rome-based startup Exein is addressing.
This innovative IoT cybersecurity company has recently secured €15 million in a Series B funding round led by 33N, a venture capital firm specializing in cybersecurity and infrastructure software. The investment will fuel Exein’s expansion across Europe, the U.S., and Asia.
Exein’s IoT security solution involves embedding security protocols directly into device software, essentially creating a protective shield against potential cyberattacks. Additionally, the company leverages AI at the edge to further reinforce security measures, as outlined in their official statement.
Furthermore, Exein is actively engaged in the Yocto Project initiatives within the embedded Linux sector, which impact over 6 billion devices annually.
Exein CEO Gianni Cuozzo emphasized the real-world implications of their work, stating, “We secure machinery systems, CNC systems, things that can significantly impact people’s lives. A malfunction in a robotic arm could result in injury or halt production.” Cuozzo highlighted the company’s role in standardizing security protocols within this market, setting a vital precedent for others in the industry.
Additionally, the recent funding round saw participation from Partech, along with existing investors United Ventures, eCAPITAL, and Future Industry Ventures (a Redstone/SBI fund).
