Exein, an embedded IoT cybersecurity company, has raised €70 million in a Series C funding round, led by Balderton Capital, to support its expansion into global markets and enhance its innovative security solutions for connected devices.

Information on the Target

Exein, an embedded Internet of Things (IoT) cybersecurity company based in Rome, Italy, has successfully raised €70 million in a Series C funding round. This round was led by Balderton Capital and saw participation from Supernova and Lakestar, alongside continued support from 33N, United Ventures, and Partech. The funding will facilitate Exein's ambitious expansion strategy targeting new markets including the United States, Japan, Taiwan, and South Korea, while also reinforcing its established presence in Europe.

Demonstrating remarkable growth, Exein has achieved over 450% growth year-over-year and now secures more than one billion devices globally. The company has forged strategic partnerships with leading chipset manufacturers and OEM/ODM firms such as MediaTek, Supermicro, Kontron, SECO, and AAEON. With one in three data breaches involving an IoT device, Exein addresses these vulnerabilities by embedding sophisticated security measures directly into connected devices, offering AI-enabled, real-time threat detection across diverse sectors including critical infrastructure, semiconductor, automotive, healthcare, and robotics.

Industry Overview in the Target’s Specific Country

Italy is experiencing a significant shift towards enhancing cybersecurity, particularly in the IoT sector, as critical infrastructure becomes increasingly interconnected and reliant on digital technologies. The Italian government has introduced various regulatory frameworks to a