Exein, an Italian cybersecurity firm focused on embedded AI for device security, raised $270M in a funding round led by Headline, lifting its valuation to $1.7B—more than double its valuation nine months ago.

Founded in 2018 by Gianni Cuozzo, Exein's technology protects over 2B devices globally by embedding cybersecurity measures directly into low-level firmware.

Demand for their solutions is rising amidst increased threats from AI-powered hackers targeting industrial devices and critical infrastructure.

The company plans to double its workforce and expects to scale revenue from 'double-digit' millions today to hundreds of millions annually over the next few years.