Italian Unicorn Exein Raises $270M for Physical AI Security

Rome-based Exein raised $270 million led by Headline at a $1.7 billion valuation, becoming a new Italian unicorn. The company provides a cybersecurity layer for physical AI: its Photon product protects devices at the kernel level, claiming coverage of over 2 billion connected devices.

• $270M round led by Headline, valuation $1.7B
• Photon provides kernel-level runtime device protection
• Claims over 2 billion protected connected devices
• 400% annual growth; physical AI security model expected in Q1 2027