Exein Raises $270 Million To Build the Security Layer for Physical AI
AI is now wired into machines all around us. These machines can now make decisions on their own. This means people can get hurt if a hacker gets into one The post Exein Raises $270 Million To Build the Security Layer for Physical AI appeared first on Ventureburn .
Exein, the European cybersecurity startup, has secured $270 million in funding, raising its valuation to $1.7 billion. The company aims to create a new security layer for Physical AI, machines capable of autonomous decision-making. This technology is increasingly common in various applications, from factory robots and delivery drones to self-driving cars and smart medical devices.
Traditional cybersecurity tools, designed for cloud accounts and laptops, are insufficient for protecting these physical AI systems. A hacked autonomous vehicle, for instance, could pose a significant physical threat. Exein's security operates at the deepest level of a device's software and functions as a digital immune system, stopping attacks before they can cause harm.
The company currently safeguards over 2 billion connected devices. Backed by prominent investors, including Headline Capital, Goldman Sachs, and the European Investment Bank, Exein's valuation grew 30-fold in just two years. The round was oversubscribed, demonstrating the growing significance of cybersecurity in protecting the machines that enable AI to interact with the physical world.
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