The latest funding round includes participation from a consortium led by J.P. Morgan.

Investors are increasingly backing security tools embedded directly into connected devices and IoT ecosystems, as underscored by this round.

Exein’s valuation surged in the five months between the July funding and the latest extension, reflecting stronger commercial traction and broader demand for device-level cybersecurity.

In 2025, Exein delivered fivefold year-over-year revenue growth, expanded its footprint in critical infrastructure and advanced manufacturing, and forged partnerships with Kontron and Mediatek, with a Taipei office planned for early 2026.

Momentum in 2025 includes significant revenue growth and collaborations with manufacturers and chipset providers, along with planned expansion into Taipei in early 2026.

The funding round was led by Blue Cloud Ventures with participation from HV Capital, Intrepid Growth Partners, Geodesic Capital, and J.P. Morgan, positioning Exein as a major player in European cybersecurity funding for 2025.

Exein, the Italy-based IoT security firm, raised €100 million ($117 million) to accelerate global expansion and pursue an M&A strategy, building on its prior Series C.

The round brings total raised to €170 million (around $200 million) and follows the July Series C, incorporating investments from HV Capital, Intrepid Growth Partners, Geodesic, J.P. Morgan, and others.

Proceeds will support international expansion and acquisitions to strengthen defenses as the number of connected devices grows across automotive, consumer devices, and industrial equipment.

Exein embeds AI-powered runtime security directly into device firmware, protecting over a billion devices across sectors like industrial automation, automotive, energy, healthcare, semiconductors, aerospace, and robotics, with a target of surpassing two billion by early 2026.

Under CEO Gianni Cuozzo, Exein has emerged as a global player, expanding in the US and Asia-Pacific and becoming the world’s largest embedded runtime security provider by devices protected.

The firm’s platform currently protects more than one billion devices and has driven rapid global expansion to solidify its leading position in embedded runtime security.