Exein raised $15M Series B to stop robotic arms going haywire

Date:

Share post:


By now, we’re all pretty familiar with cybersecurity for computers. But what would happen if a robotic arm on a production line was hacked and instructed to kill its human co-worker? That “device security” is the kind of thorny problem that Rome-based startup Exein is tackling. 

The IoT cybersecurity company has now raised €15 million in a Series B round led by 33N, a VC that specializes in cybersecurity and infrastructure software. The capital will be used to expand in Europe, the U.S. and Asia.

Exein’s IoT security solution embeds security measures directly into device software, effectively trying to “immunize” the device from attacks. It also uses AI at the edge to enhance protection, the company said in a statement. 

The company is also involved in the Yocto Project initiatives, part of the embedded Linux sector, which operates on 6 billion devices annually.

“For instance, we secure machinery systems, CNC systems, so things that actually have a real impact in the lives of people,” said Exein CEO Gianni Cuozzo. “If you are an employee working with a robotic arm and something happens, you can get hurt or a production line can be stopped.”

“There was no software standardization before us. Everybody was doing their own framework and security approach. We are the first standardization in security sanitation layer in this market,” he added.

The funding round was also joined by Partech, as well as existing investors United Ventures, eCAPITAL and Future Industry Ventures (a Redstone/SBI fund). 



Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of...

New Apple security feature reboots iPhones after 3 days, researchers confirm

Apple’s new iPhone software comes with a novel security feature that reboots the phone if it’s not...

AI pioneer Francois Chollet leaves Google

Francois Chollet, a leading figure in the AI world, is leaving Google after close to a decade....

Amazon’s telehealth platform adds low-cost plans for hair loss, skin care, and more

Amazon One Medical is expanding its telehealth services with the launch of upfront and low-cost treatment plans...

Sales tax automation startup Kintsugi doubled its valuation this year

A 2018 Supreme Court ruling eliminated the requirement that an e-commerce retailer needed a physical location in...

Snapchat will soon be able to alert parents when their teen leaves or arrives at certain locations

Snapchat is bringing enhanced location sharing to Family Center, its parental controls hub, the company announced Thursday. Users...

PayPal once again lets you pool money from others to pay for things together

PayPal is launching a few features that let users in groups pool money with friends or family,...

US confirms China-backed hackers breached telecom providers to steal wiretap data

The U.S. government has confirmed that hackers with links to China breached multiple U.S. telecommunication service providers...