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After raising $270M at a $1.7B valuation, Exein Co-Founder and CTO @giovannialb_ explains the core thesis behind the company: "We started with this idea that nobody was looking at the very simple things ... like a light bulb." "Because they were thinking, 'You know, it's not a security problem. I don't care if someone hacks my light bulb. Who cares?'" "The point is, it's not the light bulb per se, it's the environment in which it is deployed." "It becomes an entry door for escalating across…
We are a unicorn! 🦄 Exein raised $270M at a $1.7B valuation to build the security layer for Physical AI. The new funding allows us to expand globally our protection for intelligent machines that use AI to perceive, make decisions, and act in the physical world. The round is led by @HeadlineVC, with participation from Sofina, @GoldmanSachs, the @EIB Group through ETCI, @KfW_int, and T-Capital by @deutschetelekom, and continued backing from @balderton, @HV_Capital, Intrepid Growth Partners, 33N, @lakestarvc, Supernova Invest, Blue Cloud Ventures, and Geodesic Capital. This comes alongside an upsized revolving credit facility led by @jpmorgan, with KfW joining. We want to thank our investors for their continued support and belief in our vision. We're also grateful to our partners and customers, whose trust and collaboration help us rise to the challenges of an always-evolving industry. Lastly, we want to dedicate a few words to our global team across Europe, Asia and the Americas. Whether you're celebrating this milestone at HQ, in one of our offices, or on a plane between time zones, thank you. Your constant commitment and drive for excellence are what allow Exein to build the global standard for security in the connected world.