The Italian cybersecurity start-up aims to fight AI hackers using AI-powered innovations.
Exein, an Italy-headquartered cybersecurity start-up that protects smart, connected devices from hackers, has joined the global collection of unicorns post a $270m funding round that brought the company to a $1.7bn valuation. The round was led by Headline, with participation from Sofina, Goldman Sachs and others.
Established in Rome in 2018 by CEO Gianni Cuozzo, Exein has additional offices in Germany, Taiwan and the US. The company builds technology to secure hardware at the processor level and is embedded in 2bn chips globally. Consumers include Nvidia, AWS and Mediatek, among others.
Cuozzo told the Financial Times that the new investment is necessary to enable the organisation to compete on a global scale for limited cybersecurity and computing professionals.
Additionally, Exein intends to release its own foundational model for AI security in 2027. Cuozzo explained, “We are moving from having security software to having a secure model that is running constantly on the device and will automatically react to attacks.”
He added, “Right now I think the hackers have the edge. Exein’s plan is to use embedded AI technology to combat threats and provide “machine-based protection in a world of machine-based attacks”.
As the world becomes more digitally connected and advanced, the risk of cybersecurity breaches is increasing. It was recently confirmed that 12 Irish account holders are among the 680 global consumers of Revolut who had their sensitive data exposed.
Also, late last week OpenAI’s Sam Altman, announced that the company will not be going public this year as “Right now would be an ill-advised moment to go public.”
He explained that the company isn’t ready and that there is much to be done in the way of safety, alignment and showing how the industry and governments can work together.
Don’t miss out on the knowledge you need to succeed. Sign up for the Daily Brief, Silicon Republic’s digest of need-to-know sci-tech news.
You must be logged in to post a comment Login