How Physical AI Security Firm Exein Hit a US$1.7bn Valuation
Exein CEO Gianni Cuozzo spoke to AI Magazine about building a new AI security layer to protect connected machines, as the startup hit a US$1.7bn valuation
TL;DR
- Exein raised US$270 million at a US$1.7 billion valuation, becoming a European unicorn.
- Founded in 2018 by CEO Gianni Cuozzo in Rome, Exein focuses on Physical AI cybersecurity.
- The company claims to protect over two billion connected devices daily across various industries.
- The new funding will support expansion in the US and APAC, and further development in physical AI security.
- Exein is developing a proprietary foundation model specifically for securing intelligent machines.
- The company's valuation has increased thirty-fold in two years.
- Funding round was led by VC firm Headline, with participation from Goldman Sachs, European Investment Bank Group, and Balderton Capital.