Exein Secures €15 Million in Series B Funding: A Milestone for IoT Cybersecurity
We are thrilled to announce that Exein, one of our portfolio companies, has successfully raised €15 million in their Series B funding round! This milestone, led by 33N with participation from Partech and ongoing support from United Ventures, eCAPITAL, and Future Industry Ventures, marks a significant step in Exein's journey to set the global standard for embedded IoT cybersecurity.
Exein specializes in device-level security, embedding advanced security measures directly into device software rather than relying on network defenses. This approach creates a "digital immune system" for each device, enhancing protection through real-time threat detection and response using edge AI. Exein's technology is integral to the Yocto Project initiatives, a leader in the embedded Linux sector, and is used on millions of devices across various industries, including industrial, automotive, and aerospace.
Founded in 2018, Exein has partnered with major industry players such as SECO, ARM, NVIDIA, AWS, and Lattice Semiconductor. The company's decentralized security approach aims to address the growing demand for robust cybersecurity in an increasingly connected world.
We are incredibly proud to support Exein as they continue to revolutionize IoT security and create a safer digital world.
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