Italy-based IoT security firm Exein announced on Thursday that it has raised another €100 million ($117 million) to accelerate its global expansion.
The new funding round was led by Blue Cloud Ventures, with participation from HV Capital, Intrepid Growth Partners, Geodesic Capital, and JP Morgan.
In addition to the company’s expansion strategy, which involves an M&A program, the investment will be used for product enhancements.
The latest Exein funding brings the total raised by the company in 2025 to €170 million ($200 million). In previous funding rounds, the company secured more than $25 million.
Exein has developed what it describes as an all-in-one security platform designed to be embedded into the firmware of IoT devices.
The AI-powered platform provides runtime security and analysis capabilities.
The Analyzer component scans the system for vulnerabilities, incidents, and IoT compliance issues. The Runtime component provides continuous threat monitoring, detection, and containment, even if the device does not always have an internet connection.
Founded in 2018 by Gianni Cuozzo, who serves as the company’s CEO, Exein has offices in Germany, Taiwan, and the United States.
The firm says its platform is already used to protect more than one billion devices.
“In just one year, we’ve become a truly global company, expanding across the US and Asia-Pacific, and emerged as the world’s largest embedded runtime security provider by devices protected,” Cuozzo said.
“This new funding allows us to accelerate even faster in 2026 and to support our M&A strategy as we scale into new markets. It will also enable us to introduce the next generation of runtime security technology, probably the most significant advance in our field in almost a decade,” he added.
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