Italian embedded cybersecurity firm Exein SpA has secured an additional €100 million in funding to accelerate its global expansion and advance its technology platform, company announcements and industry reports show. The new capital brings the total amount Exein has raised in 2025 to €170 million following a €70 million Series C earlier in the year.
The extended round was led by Blue Cloud Ventures with participation from HV Capital, Intrepid Growth Partners, Geodesic Capital and J.P. Morgan and includes both equity and a financing facility arranged by J.P. Morgan.
Exein develops AI-enabled embedded cybersecurity solutions that integrate runtime protection directly into device firmware, enabling connected devices to detect, contain and respond to threats in real time—even without continuous connectivity. The firm’s technology is deployed in more than 1.5 billion devices worldwide, spanning sectors such as energy, healthcare, automotive, aerospace, industrial automation and semiconductors.
The company said the funding will support next-generation runtime security technology, including protections for on-device artificial intelligence and large language models, with product developments expected to be unveiled at RSAC 2026. Exein also intends to pursue a multi-deal M&A programme in 2026 and accelerate international growth, particularly in the United States and Asia-Pacific markets.
Exein CEO Gianni Cuozzo described the raise as validation of the firm’s rapid expansion and strategic position in a market where cyberattacks increasingly target embedded and connected devices. The company projects that protected devices will exceed two billion by the first quarter of 2026.
Industry observers say the €100 million extension underscores rising investor interest in cybersecurity technologies that secure the growing Internet of Things and critical infrastructure against evolving threats.
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