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Exein: Deeptech startup providing embedded cybersecurity for IoT and connected devices, using edge AI for real-time threat detection.
Based in Rome, Italy, Exein is a deeptech cybersecurity company that utilizes edge AI to embed real-time threat detection directly into the firmware of IoT and connected devices. Founded in 2018 by chief executive officer Gianni Cuozzo, the venture-funded startup currently employs over 40 professionals and actively protects more than one billion connected devices daily across the industrial, automotive, and aerospace sectors. Experiencing rapid 450% year-over-year revenue growth, the organization recently secured a €100 million funding round that elevated its total valuation to €700 million. This significant capital injection directly supports ongoing research and development while funding international expansion into markets like Germany, Taiwan, and the United States. Exein's financial backing comes from a global syndicate of prominent institutional investors, including Blue Cloud Ventures, Partech, United Ventures, Lakestar, 33N, HV Capital, and J.P. Morgan.
Exein has raised $225.7M across 6 funding rounds.
Exein has raised $225.7M in total across 6 funding rounds.
Exein has raised $225.7M in total across 6 funding rounds.
Exein's investors include Rami Rahal, Geodesic Capital, HV Capital, Intrepid Growth Partners, Elena Moneta, 33N Ventures, CDP Venture Capital, eCapital Entrepreneurial Partners, Partech Ventures, United Ventures, Lakestar, Supernova.
# High-Level Overview
Exein is a global leader in embedded IoT cybersecurity that develops advanced security solutions for connected devices across industrial, automotive, aerospace, and healthcare sectors.[3] Founded in 2018 and headquartered in Rome, Italy, the company has grown to protect over 1 billion devices daily by embedding AI-powered security directly into device firmware.[3]
The company's core mission centers on creating self-sustaining security solutions at the device level, addressing a critical vulnerability in the IoT ecosystem where over 90% of firmware was historically vulnerable.[3] Rather than relying on perimeter-based defenses, Exein builds what it calls "the immune system of digital life"—security that operates autonomously within each device to detect and respond to threats in real-time.[3] This approach has resonated with enterprise customers and investors, positioning Exein as a trusted partner for industry leaders seeking to deliver secure products while maintaining regulatory compliance.[2]
Exein was founded in 2018 by CEO Gianni Cuozzo with a specific mission: to secure the rapidly expanding IoT and control systems sectors.[3] The company emerged from recognition that traditional cybersecurity approaches were inadequate for the billions of connected devices proliferating across industries—devices that often lacked the computational resources or update mechanisms of traditional IT infrastructure.
The founding team combined decades of industry knowledge to develop the first AI-powered edge XDR (extended detection and response) solution designed specifically for embedded systems.[2] Early traction came quickly: within years, Exein had secured partnerships with major technology partners like Arm, expanded to offices in Germany, Taiwan, and the United States, and began protecting hundreds of thousands of devices across critical infrastructure sectors.[2][3] The company's recognition as a finalist in VivaTech 2025's Innovation of the Year Award and inclusion in Sifted's rankings of Europe's fastest-growing startups reflects its rapid ascent.[3]
Exein operates at the intersection of three powerful trends: the explosive growth of IoT deployments, the rising sophistication of cyber threats targeting operational technology, and the shift toward edge computing and AI-driven security.
The company's timing is particularly relevant as regulatory pressure intensifies globally—from automotive safety standards to industrial control system requirements—forcing manufacturers to embed security rather than bolt it on post-deployment. Exein's approach aligns with this regulatory momentum while addressing a fundamental architectural shift: as devices become more autonomous and distributed, centralized security models become less viable. By positioning security as an inherent device capability rather than an external service, Exein influences how the entire IoT industry thinks about threat prevention and compliance.
The company's partnerships with Arm and presence on AWS Marketplace signal its integration into mainstream technology infrastructure, amplifying its influence beyond direct customers to the broader ecosystem of device manufacturers and cloud providers.[2][4]
Exein stands at an inflection point in embedded security. The company's postponement of its planned 2025 NASDAQ IPO due to market conditions reflects broader volatility in tech valuations, but the underlying demand for its solutions remains strong.[1] As IoT deployments accelerate across critical infrastructure—from smart cities to autonomous vehicles—the need for device-level security will only intensify.
The company's next chapter likely involves deepening vertical specialization (particularly in automotive and aerospace, where regulatory requirements are strictest), expanding its AI capabilities to detect increasingly sophisticated threats, and potentially consolidating its position through strategic partnerships or acquisitions. The real test will be whether Exein can scale its embedded security model globally while maintaining the performance and reliability that edge devices demand. If successful, the company could fundamentally reshape how security is architected in the IoT era—moving from reactive, centralized defense to proactive, distributed immunity.
Exein has raised $225.7M across 6 funding rounds. Most recently, it raised $117.4M Other Equity in December 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 18, 2025 | $117.4M Other Equity | Rami Rahal | Geodesic Capital, HV Capital, Intrepid Growth Partners |
| Jul 1, 2025 | $81.0M Series C | Elena Moneta | 33N Ventures, CDP Venture Capital, eCapital Entrepreneurial Partners, Partech Ventures, United Ventures, Lakestar, Supernova |
| Jul 1, 2024 | $16.0M Series B | 33N Ventures | CDP Venture Capital, eCapital Entrepreneurial Partners, Partech Ventures, United Ventures, Dirk Seewald, Future Industry Ventures |
| Sep 1, 2021 | $7.0M Series A | Dirk Seewald, Future Industry Ventures | 33N Ventures, CDP Venture Capital, eCapital Entrepreneurial Partners, Partech Ventures, United Ventures |
| Nov 8, 2018 | $2.3M Other Equity | United Ventures | |
| Nov 1, 2018 | $2.0M Seed | CDP Venture Capital, United Ventures |