Exein Secures €70 Million Funding to Accelerate Global Expansion and Embedded Cybersecurity Innovation

Italian cybersecurity firm Exein has closed a €70 million Series C funding round led by Balderton Capital. The investment will boost its global expansion and advance embedded cybersecurity for IoT devices, currently securing 1.5 billion units worldwide. Exein targets €20 million revenue in 2025 and plans an IPO by 2029-2030, enhancing defense amid rising global security needs.