IoT Security Gets a Boost: Exein Raises €70M to Zap Cyber Threats!
Exein, an Italian IoT-embedded cybersecurity firm, just bagged €70 million in Series C funding, bringing its total to over €106 million. They’re securing individual devices with AI-enabled threat detection, ensuring compliance and protection against data breaches. With this funding, Exein plans to expand globally and explore strategic M&A opportunities.
Hot Take:
It’s a bird, it’s a plane, no, it’s Exein flying high on a €70 million cash infusion! Who knew Rome wasn’t built in a day, but apparently, its cybersecurity prowess was!
Key Points:
- Exein secures €70 million in Series C funding, boosting their total to over €106 million.
- Balderton leads the investment, with notable contributions from Supernova, Lakestar, and existing investors.
- Exein focuses on AI-enabled, real-time threat detection for IoT devices, specializing in critical sectors.
- The funding will support global expansion and strategic mergers and acquisitions.
- Exein aims to enhance runtime security solutions for AI infrastructure and LLMs.
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