As we’ve come to understand cybersecurity in the context of personal computers, a new frontier is emerging: What if a robotic arm in an assembly line was commandeered to harm a human colleague? Addressing this grim scenario is the mission of the Rome-based startup Exein, which focuses on securing devices against such threats.
Specializing in IoT cybersecurity, Exein has successfully secured €15 million during its Series B funding, with 33N, a venture capital firm expert in cybersecurity and infrastructure software, leading the charge. These funds are earmarked for strategic expansion across Europe, North America, and Asia.
Innovatively, Exein’s approach to IoT security integrates protective measures directly within the firmware of devices, fostering a kind of immunity to cyber assaults. The firm also leverages AI at the network’s edge for heightened security capabilities, it explained in a release.
Furthermore, Exein plays a critical role in the Yocto Project, contributing to embedded Linux initiatives that impact over 6 billion devices a year.
“We focus on safeguarding systems like CNC machines, which have a tangible effect on human lives,” observed Exein CEO Gianni Cuozzo. “For workers interacting with robotic arms, the risks are very real, from personal injury to halts in production.”
Cuozzo further commented on the state of the industry before his company’s innovations, noting, “Before Exein, there was a lack of software standardization with each entity adopting its own security frameworks. We’ve introduced the first standardization of a security sanitation layer in this sphere.”
The funding initiative also saw participation from Partech, along with returning investors United Ventures, eCAPITAL, and Future Industry Ventures (a collaboration between Redstone and SBI).
Compiled by Techarena.au.
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