IoT Security Firm Exein Raises €100 Million

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 ...