Latest news with #Balderton
Yahoo
17-07-2025
- Business
- Yahoo
Exein secures €70m funding to boost global IoT security
Exein, an Internet of Things (IoT) cybersecurity company based in Rome, has raised €70m ($81.15m) in Series C funding to expand its global footprint and advance its security technologies. The funding round was led by Balderton, with additional participation from Supernova, Lakestar, and existing investors 33N, United Ventures, and Partech. This capital injection will support Exein's expansion into crucial markets such as the US, Japan, Taiwan, and South Korea. Exein specialises in device-level security by integrating advanced security protocols directly into the software of connected devices. This method leverages edge artificial intelligence (AI) for real-time threat detection and response to ensure the protection of millions of devices daily across sectors including industrial, automotive, and aerospace. The Italian company's approach is said to address the growing need to counter cyberattacks that threaten critical infrastructures and industries. Balderton principal Elena Moneta said: 'We're living in an era where everything — from rail networks to industrial machinery — is connected, and therefore exposed. Exein tackles this threat where it begins: on the device itself, embedding real-time security on the edge — continuously monitoring, learning, and responding. There is no better team to take on this challenge.' Exein stated that its solutions are tailored to ensure compliance with evolving global cybersecurity regulations, such as the upcoming Cyber Resilience Act and the US Cyber Trust Mark. Its platform is utilised by chipset manufacturers like MediaTek and Supermicro to safeguard over one billion devices during operation. Previously, the company raised €15m in Series B funding round in July 2024. The latest Series C funding is expected to accelerate the development of next-generation technologies focused on runtime security for AI infrastructure and large language models. Exein indicated its plans to make strategic acquisitions to bolster its influence within the cybersecurity ecosystem. Exein founder and CEO Gianni Cuozzo said: 'Embedded security at the device level is fundamental, and we are proud to support manufacturers in providing the highest levels of security, offering them confidence in knowing they are compliant with the latest security legislation.' Earlier in 2025, Exein partnered with Supermicro to incorporate its AI-driven cybersecurity solutions into the latter's hardware offerings. This collaboration aims to deploy a zero-trust security framework from the outset, enhancing enterprise defences against emerging threats. Exein's foundational investment came during a Series A round in September 2021, which raised €6m. This round was co-led by eCAPITAL ENTREPRENEURIAL PARTNERS and Future Industry Ventures. "Exein secures €70m funding to boost global IoT security" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
08-07-2025
- Business
- Yahoo
Abu Dhabi sovereign fund in talks to buy $100m Revolut stake
Mubadala, the Abu Dhabi sovereign investor, is in talks to snap up a $100m (£73m) stake in Revolut, the digital bank and payments group which is now valued at over £33bn. Sky News has learnt that Mubadala is in advanced discussions to acquire shares in the company from existing investors. If completed, the transaction would add to a smaller stake in Revolut which was bought by the Abu Dhabi fund last year as part of a wider secondary transaction. Money blog: 10 happiest and unhappiest professions for shift workers Mubadala, which declined to comment on Tuesday, is said to be keen to buy further Revolut shares when they become available, reflecting its confidence in the fintech's ability to attract a significantly higher valuation in future. The identity of the selling shareholders was unclear, although Balderton, the technology investor which has backed Revolut since early in its existence, is said to be among those which have been keen to monetise a chunk of their holdings. Revolut announced a secondary share sale nearly a year ago, which saw founder and chief executive Nik Storonsky reap a windfall worth hundreds of millions of pounds by selling a small proportion of his shareholding. Major tech investors including SoftBank, Coatue and D1 Capital Partners are also among Revolut's shareholders. The Financial Times recently reported that Mr Storonsky was in line for a multibillion-dollar payout if he succeeds in attaining a $150bn valuation for the company he set up a decade ago. Revolut is in the latter stages of activating a UK banking licence awarded after fraught discussions between the company and regulators nearly a year ago. "We are progressing through the final stages of mobilisation and continue to work constructively with the [Prudential Regulation Authority]," a spokesperson said. "Given Revolut's global scale, this is the largest and most complex mobilisation ever undertaken in the UK. "A thorough review is an expected part of the process and getting this right is more important than rushing to meet a specific date. "We are looking forward to launching a fully regulated UK bank for our millions of UK customers this year." Revolut now boasts roughly 50 million customers globally. Founded in 2015, it has experienced a string of regulatory and compliance challenges, with reports last year highlighting its release of funds from accounts flagged by the National Crime Agency as suspicious. The company's growth has taken place at breakneck speed, with customer numbers soaring from 16.4 million at the point of the Series E fundraising just over three years ago. Attention has begun to shift to when and where Revolut will decide to become a public company. New York is expected to be the preferred choice of its board and leading investors, with Mr Storonsky suggesting that London would be an illogical listing venue for a company of Revolut's profile. Revolut is chaired by Martin Gilbert, the City veteran who previously ran Aberdeen Asset Management. Its other directors include Michael Sherwood, the former Goldman Sachs executive who was jointly responsible for its operations outside the US and who was regarded as one of the most skilled traders of his generation. Revolut declined to comment on Mubadala's additional stake purchase.
Sky News
08-07-2025
- Business
- Sky News
Abu Dhabi sovereign fund in talks to buy $100m Revolut stake
Mubadala, the Abu Dhabi sovereign investor, is in talks to snap up a $100m (£73m) stake in Revolut, the digital bank and payments group which is now valued at over £33bn. Sky News has learnt that Mubadala is in advanced discussions to acquire shares in the company from existing investors. If completed, the transaction would add to a smaller stake in Revolut which was bought by the Abu Dhabi fund last year as part of a wider secondary transaction. Mubadala, which declined to comment on Tuesday, is said to be keen to buy further Revolut shares when they become available, reflecting its confidence in the fintech's ability to attract a significantly higher valuation in future. The identity of the selling shareholders was unclear, although Balderton, the technology investor which has backed Revolut since early in its existence, is said to be among those which have been keen to monetise a chunk of their holdings. Revolut announced a secondary share sale nearly a year ago, which saw founder and chief executive Nik Storonsky reap a windfall worth hundreds of millions of pounds by selling a small proportion of his shareholding. Major tech investors including SoftBank, Coatue and D1 Capital Partners are also among Revolut's shareholders. The Financial Times recently reported that Mr Storonsky was in line for a multibillion dollar payout if he succeeds in attaining a $150bn valuation for the company he set up a decade ago. Revolut is in the latter stages of activating a UK banking licence awarded after fraught discussions between the company and regulators nearly a year ago. "We are progressing through the final stages of mobilisation and continue to work constructively with the [Prudential Regulation Authority]," a spokesperson said. "Given Revolut's global scale, this is the largest and most complex mobilisation ever undertaken in the UK. "A thorough review is an expected part of the process and getting this right is more important than rushing to meet a specific date. "We are looking forward to launching a fully regulated UK bank for our millions of UK customers this year." Revolut now boasts roughly 50 million customers globally. Founded in 2015, it has experienced a string of regulatory and compliance challenges, with reports last year highlighting its release of funds from accounts flagged by the National Crime Agency as suspicious. The company's growth has taken place at breakneck speed, with customer numbers soaring from 16.4 million at the point of the Series E fundraising just over three years ago. Attention has begun to shift to when and where Revolut will decide to become a public company. New York is expected to be the preferred choice of its board and leading investors, with Mr Storonsky suggesting that London would be an illogical listing venue for a company of Revolut's profile. Revolut is chaired by Martin Gilbert, the City veteran who previously ran Aberdeen Asset Management. Its other directors include Michael Sherwood, the former Goldman Sachs executive who was jointly responsible for its operations outside the US and who was regarded as one of the most skilled traders of his generation.
BBC News
25-06-2025
- BBC News
Teddy bears stolen from village gravesides in Balderton
Teddy bears and personal ornaments have been stolen from gravesides at a village cemetery. Neighbourhood police officers from Newark, in Nottinghamshire, are investigating a report of theft from Balderton Cemetery last week. On Wednesday, the force team said in a post on Facebook that a 50-year-old woman suspected of carrying out the thefts had been "voluntarily interviewed" as part of ongoing inquiries. Officers said an event had been arranged with Balderton Parish on Saturday 28 June to return a number of recovered items to their rightful owners. The police said it was believed the items were stolen between 30 March and 15 June. An event to return items to people will take place at William Ghent House, in Wilfred Avenue, New Balderton, between 10:00 BST and 13:00."Anyone who has had an item disappear from a loved one's resting place at Balderton Cemetery is advised to attend," the force said.
The Independent
13-06-2025
- The Independent
Death of police sergeant who was hit by train ‘wholly preventable', coroner says
The death of a police sergeant who was hit by a train while trying to help a vulnerable man on a railway line was 'wholly preventable', a coroner has ruled. Sergeant Graham Saville, 46, who worked for Nottinghamshire Police, was on the line in Balderton, near Newark, Nottinghamshire, on August 24 2023 when he was struck by a train travelling at up to 125mph. Nottingham Coroner's Court heard that officers attending the incident with Sgt Saville repeatedly told a police dispatcher that the distressed man, referred to in court as Patient C, was near the railway line on the evening of August 24 2023. Coroner Laurinda Bower has ruled that his death was 'probably more than minimally' contributed to by a delay in the force's control room contacting Network Rail to tell them there were people on the line. Ms Bower said 'there were multiple missed opportunities' by his employer which meant that Sgt Saville 'died what was a wholly preventable death'. She said the call came 'too late for any evasive action' to be taken by Network Rail, and had a warning been issued by the rail company to its drivers that there could be people on the track, Sgt Saville may not have been killed. The warning would have meant the train would have been driven at a 'crawling' speed and would have likely been ready to stop had the driver seen people by the tracks. It would also have meant Sgt Saville would have been more likely to see the train approaching and move out of the way. She also criticised a lack of 'structure' in the police force's control room and training for control room and frontline staff, including when and how dispatchers should contact Network Rail. The inquest heard that when a dispatcher finally called Network Rail five minutes after police officers at the scene alerted the control room that the vulnerable man was near a railway line, they dialled the public emergency helpline instead of the York Rail Operations Centre and they were placed on hold for minutes. While nationally-approved railway safety guidance was also issued to the force and disseminated to some officers and staff, no records were kept of who received it, who considered it, or whether it had been understood. Ms Bower said it was 'reasonably foreseeable' that officers would have to attend incidents on or near the railway line, but that risk assessments were deficient when compared to risk assessments for working near water or roads and failed to identify the 'obvious risk of death facing officers when entering a live railway line'. She said Sgt Saville may not have died had the force implemented a 'safe, co-ordinated', system of risk assessment and training for officers and staff attending incidents on or near to the railway line. There was also no 'policy or procedure' about whether an order to stay off the tracks should be given by a senior officer in the control room. The coroner said the evidence she had heard fell short of the requirements needed for her to conclude that Sgt Saville's death was unlawful, and instead made a narrative conclusion. Ms Bower said: 'Graham's death from injuries sustained in a collision with a high-speed passenger trial while in the execution of his duties as a police officer, was probably more than minimally contributed to by his employer's failure to have in place a safe system of risk assessment, training and guidance dissemination on the risks associated with incidents on and near to the railway line. 'There were multiple missed opportunities for his employer to have detected these shortcomings and to have remedied the same prior to his death. 'The failures to do so meant that Graham died what was a wholly preventable death.' She said she was satisfied that there was not a need for a prevention of future deaths report to be made because Nottinghamshire Police had made a raft of improvements to their procedures and training since Sgt Saville's death. She added: 'The difference between how Nottinghamshire Police managed the obvious risk of death associated with entry to the live railway network pre-August 2023 and post Graham's death could not be starker. It is night and day in comparison.' In a statement, Sgt Saville's family said the inquest process, which they had waited almost two years for, was 'robust' but had revealed 'shocking and disturbing information' about Nottinghamshire Police as an organisation. They said: 'Put simply, we have learned that they failed in their duty of care to protect their employees. 'The inquest has identified deficiencies in so many areas, which, had they been in place and followed, could have prevented this tragedy occurring.' They added: 'What this inquest has shown us is that Graham, and his colleagues on the ground responding to the incident, were focused on protecting and serving, which is what being a police officer is about.' Nottinghamshire Police Federation said it was ready to work with the force to make sure all issues raised were dealt with. It said: 'We stand ready as a critical friend to work with the force and rectify the issues identified, ensuring that officers are adequately trained and that systems of work are put in place to protect them when they do so.' Following Sgt Saville's death, additional training has been provided to police officers and control room staff about the dangers of entering railway lines, Nottinghamshire Police said. Chief Superintendent Claire Rukas, force lead for corporate services, said: 'We have just received the coroner's findings and will reflect on all the points she has raised. We will take all the necessary steps to keep the public and our officers safe. 'We know the full impact Graham's death has caused across the whole organisation and our thoughts continue to be with his family and friends.'
