Latest news with #GianniCuozzo
Yahoo
2 days ago
- Business
- Yahoo
Exein secures €70m funding to boost global IoT security
Exein, an Internet of Things (IoT) cybersecurity company based in Rome, has raised €70m ($81.15m) in Series C funding to expand its global footprint and advance its security technologies. The funding round was led by Balderton, with additional participation from Supernova, Lakestar, and existing investors 33N, United Ventures, and Partech. This capital injection will support Exein's expansion into crucial markets such as the US, Japan, Taiwan, and South Korea. Exein specialises in device-level security by integrating advanced security protocols directly into the software of connected devices. This method leverages edge artificial intelligence (AI) for real-time threat detection and response to ensure the protection of millions of devices daily across sectors including industrial, automotive, and aerospace. The Italian company's approach is said to address the growing need to counter cyberattacks that threaten critical infrastructures and industries. Balderton principal Elena Moneta said: 'We're living in an era where everything — from rail networks to industrial machinery — is connected, and therefore exposed. Exein tackles this threat where it begins: on the device itself, embedding real-time security on the edge — continuously monitoring, learning, and responding. There is no better team to take on this challenge.' Exein stated that its solutions are tailored to ensure compliance with evolving global cybersecurity regulations, such as the upcoming Cyber Resilience Act and the US Cyber Trust Mark. Its platform is utilised by chipset manufacturers like MediaTek and Supermicro to safeguard over one billion devices during operation. Previously, the company raised €15m in Series B funding round in July 2024. The latest Series C funding is expected to accelerate the development of next-generation technologies focused on runtime security for AI infrastructure and large language models. Exein indicated its plans to make strategic acquisitions to bolster its influence within the cybersecurity ecosystem. Exein founder and CEO Gianni Cuozzo said: '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.' Earlier in 2025, Exein partnered with Supermicro to incorporate its AI-driven cybersecurity solutions into the latter's hardware offerings. This collaboration aims to deploy a zero-trust security framework from the outset, enhancing enterprise defences against emerging threats. Exein's foundational investment came during a Series A round in September 2021, which raised €6m. This round was co-led by eCAPITAL ENTREPRENEURIAL PARTNERS and Future Industry Ventures. "Exein secures €70m funding to boost global IoT security" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Reuters
3 days ago
- Business
- Reuters
Italian cybersecurity firm Exein sees defence boost as it closes funding round
July 16 (Reuters) - Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion. The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away from cloud-based systems because of data sovereignty concerns and rising costs, its Chief Executive Gianni Cuozzo said. Italy has been trying for years to foster a tech startup sector. As European countries increase their defence spending in a push to meet NATO targets and protect themselves against Russian expansionism, demand for domestic cybersecurity and infrastructure protection systems is increasing. Exein said on Wednesday its Series C funding round raised 70 million euros ($81 million) for expansion across the United States, Japan, Taiwan, and South Korea, and to strengthen its European presence. Its plans include acquisitions in Europe and the U.S. to target new users, followed by another funding round for a "bigger acquisition", and a public listing between 2029 and 2030, Cuozzo said. The group, whose clients include MediaTek ( opens new tab, Daikin (6367.T), opens new tab, Seco ( opens new tab and Kontron ( opens new tab, said in April it was valued at around 500 million euros. It is targeting 20 million euros in revenues this year and aiming for triple-digit revenue growth in each of the next three years, helped by acquisitions, Cuozzo said. Attackers "are no longer breaching through the front door; the microwave on a military ship, or the smart fish tank in a hospital waiting room - any one of these could be exploited to compromise the entire network," said Elena Moneta, Principal at London-based VC firm Balderton, which led the funding round. ($1 = 0.8604 euros)
Time of India
3 days ago
- Business
- Time of India
Italian cybersecurity firm Exein sees defence boost as it closes funding round
Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion. The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away from cloud-based systems because of data sovereignty concerns and rising costs, its Chief Executive Gianni Cuozzo said. Italy has been trying for years to foster a tech startup sector. As European countries increase their defence spending in a push to meet NATO targets and protect themselves against Russian expansionism, demand for domestic cybersecurity and infrastructure protection systems is increasing. Exein said on Wednesday its Series C funding round raised 70 million euros ($81 million) for expansion across the United States, Japan, Taiwan, and South Korea, and to strengthen its European presence. Its plans include acquisitions in Europe and the U.S. to target new users, followed by another funding round for a "bigger acquisition", and a public listing between 2029 and 2030, Cuozzo said. The group, whose clients include MediaTek, Daikin , Seco and Kontron, said in April it was valued at around 500 million euros. It is targeting 20 million euros in revenues this year and aiming for triple-digit revenue growth in each of the next three years, helped by acquisitions, Cuozzo said. Attackers "are no longer breaching through the front door; the microwave on a military ship, or the smart fish tank in a hospital waiting room - any one of these could be exploited to compromise the entire network," said Elena Moneta, Principal at London-based VC firm Balderton, which led the funding round.
Yahoo
3 days ago
- Business
- Yahoo
Italian cybersecurity firm Exein sees defence boost as it closes funding round
(Reuters) -Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion. The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away from cloud-based systems because of data sovereignty concerns and rising costs, its Chief Executive Gianni Cuozzo said. WHY IT'S IMPORTANT Italy has been trying for years to foster a tech startup sector. As European countries increase their defence spending in a push to meet NATO targets and protect themselves against Russian expansionism, demand for domestic cybersecurity and infrastructure protection systems is increasing. BY THE NUMBERS Exein said on Wednesday its Series C funding round raised 70 million euros ($81 million) for expansion across the United States, Japan, Taiwan, and South Korea, and to strengthen its European presence. Its plans include acquisitions in Europe and the U.S. to target new users, followed by another funding round for a "bigger acquisition", and a public listing between 2029 and 2030, Cuozzo said. The group, whose clients include MediaTek, Daikin, Seco and Kontron, said in April it was valued at around 500 million euros. It is targeting 20 million euros in revenues this year and aiming for triple-digit revenue growth in each of the next three years, helped by acquisitions, Cuozzo said. KEY QUOTE Attackers "are no longer breaching through the front door; the microwave on a military ship, or the smart fish tank in a hospital waiting room - any one of these could be exploited to compromise the entire network," said Elena Moneta, Principal at London-based VC firm Balderton, which led the funding round. ($1 = 0.8604 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNA
3 days ago
- Business
- CNA
Italian cybersecurity firm Exein sees defence boost as it closes funding round
Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion. The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away from cloud-based systems because of data sovereignty concerns and rising costs, its Chief Executive Gianni Cuozzo said. WHY IT'S IMPORTANT Italy has been trying for years to foster a tech startup sector. As European countries increase their defence spending in a push to meet NATO targets and protect themselves against Russian expansionism, demand for domestic cybersecurity and infrastructure protection systems is increasing. BY THE NUMBERS Exein said on Wednesday its Series C funding round raised 70 million euros ($81 million) for expansion across the United States, Japan, Taiwan, and South Korea, and to strengthen its European presence. Its plans include acquisitions in Europe and the U.S. to target new users, followed by another funding round for a "bigger acquisition", and a public listing between 2029 and 2030, Cuozzo said. The group, whose clients include MediaTek, Daikin, Seco and Kontron, said in April it was valued at around 500 million euros. It is targeting 20 million euros in revenues this year and aiming for triple-digit revenue growth in each of the next three years, helped by acquisitions, Cuozzo said. KEY QUOTE Attackers "are no longer breaching through the front door; the microwave on a military ship, or the smart fish tank in a hospital waiting room - any one of these could be exploited to compromise the entire network," said Elena Moneta, Principal at London-based VC firm Balderton, which led the funding round.
