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Exein

Rome-based embedded/IoT cybersecurity firm securing firmware across critical infrastructure, industrial, and aerospace devices.

Exein, founded in 2018 by CEO Gianni Cuozzo and based in Rome, Italy, builds embedded cybersecurity software (Exein Runtime and Exein Analyzer) that secures firmware on IoT and Physical-AI devices across industrial automation, automotive, energy, healthcare, semiconductor, and aerospace sectors, protecting a reported 1.5 billion+ devices. The company raised a €15M Series B (2024), then €170M in 2025 alone — a €70M Series C (July 2025) followed by a further €100M round (December 2025) — bringing lifetime cumulative funding to roughly $200-225M (~€200M+).

Overview

Headquarters
Rome, Italy
Founded
2018
Employees
76
Total funding
~€200M+ lifetime (€170M raised in 2025 alone)
Stage
Series C
Status
active
Domains
Embedded/IoT security, Firmware security, Physical AI security
Website
www.exein.io

Founders1

Investors12

Cap table0

Approximate ownership by holder. Indexed holders link to their records.

Raised per round

Raised: €100M

Percentages marked ~ are not disclosed. Some are a generic VC-pattern model (founders/team weighted heaviest, option pool lightest, other holders evenly) sized to whatever's left undisclosed — a standard industry shape, not this company's actual cap table.

HolderInstrumentOwnership
Geodesic CapitalNew[4]
Preferred
~25.0%
Intrepid Growth PartnersNew[4]
Preferred
~25.0%
HV CapitalNew[4]
Preferred
~25.0%
Blue Cloud VenturesNew[4]
Preferred (Lead)
~25.0%

Contracts0

No linked records yet.

Programs0

No linked records yet.

Frequently asked

What does Exein do?
Exein, founded in 2018 by CEO Gianni Cuozzo and based in Rome, Italy, builds embedded cybersecurity software (Exein Runtime and Exein Analyzer) that secures firmware on IoT and Physical-AI devices across industrial automation, automotive, energy, healthcare, semiconductor, and aerospace sectors, protecting a reported 1.5 billion+ devices. The company raised a €15M Series B (2024), then €170M in 2025 alone — a €70M Series C (July 2025) followed by a further €100M round (December 2025) — bringing lifetime cumulative funding to roughly $200-225M (~€200M+).
Where is Exein headquartered?
Exein is headquartered in Rome, Italy and was founded in 2018.
How much funding has Exein raised?
Exein has raised ~€200M+ lifetime (€170M raised in 2025 alone) in disclosed funding.
What does Exein specialize in?
Exein works across Embedded/IoT security, Firmware security, Physical AI security.

Tags

cybersecurityioteurope

Sources & citations7

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    Exein added €100M in Dec 2025, bringing 2025 cumulative funding to €170M; embedded cybersecurity for connected/IoT devices

    EU-Startups: Italy's embedded cybersecurity firm Exein adds €100 million in funding as global expansion continues
    Verified2025-12-18
  2. 2

    Exein raised €70M Series C round, bringing total raised to over $106M

    Il Sole 24 Ore: Italian startup Exein raises 70 million to bring IoT security to global scale
    Verified2025-07-01
  3. 3

    Exein raised €15M in a Series B round led by 33N Ventures, joined by Partech, with continued participation from United Ventures, eCAPITAL, and Future Industry Ventures

    TechCrunch: Exein raised $15M Series B to stop robotic arms going haywire
    Verified2024-07-11
  4. 4

    Exein raised €70M in a Series C round led by Balderton, joined by Supernova and Lakestar, with follow-on participation from 33N Ventures, United Ventures, and Partech

    Partech: Exein raises €70M in Series C funding to secure billions of IoT devices worldwide
    Verified2025-07-16
  5. 5

    Exein raised an additional €100M in December 2025, led by Blue Cloud Ventures with participation from HV Capital, Intrepid Growth Partners, and Geodesic Capital, structured as equity plus a financing facility led by J.P. Morgan

    Partech: Exein raises additional €100M to build the world's digital immune system in the face of a cyber security crisis
    Verified2025-12-18
  6. 6

    Exein is a listed partner in Arm's partner catalog, having built Pulsar, an open-source edge-monitoring tool securing over 600,000 Arm-based devices

    Arm: Exein — Arm Partner Catalog
    Verified2026-08-02
  7. 7

    Exein signed a multi-year deal with the Haas F1 Team, becoming its Official Physical AI Security Partner, with branding on the VF-26's rear wing actuator from the Belgian Grand Prix 2026

    Haas F1 Team: Haas F1 Team announces Exein Official Physical AI Security Partner
    Verified2026-07-01