Latest news with #Exein
Reuters
09-04-2025
- Business
- Reuters
German tech startup 1Komma5 joins Klarna in shelving US IPO plans
Summary Companies 1Komma5 and Klarna reassess US IPO plans on market volatility Exein sticking with longer term listing plans for now LSE warns of challenge of US listings April 9 (Reuters) - German unicorn 1Komma5 Grad has joined Sweden's Klarna in reassessing plans for a U.S. float as President Trump's renewable energy and trade policies have roiled markets. The energy startup, which uses AI to provide solar power, energy storage and e-mobility solutions, says after recent fundraising it is valued at just over $1 billion to join a select club of unicorn status companies in Germany. It was aiming for an initial public offering on NASDAQ in 2025. "Due to recent tariffs and market reaction we have postponed IPO plans to review the timeline," the company's founder and CEO Philipp Schroeder told Reuters. As a potential global tariff war has disrupted markets in recent days, tech firm Swedish fintech Klarna has also put its U.S. listing on hold, while other companies are freezing dealmaking. Klarna's listing could have valued it at over $15 billion, Reuters reported, and was seen as a potential catalyst for others to follow. On Wednesday, the head of pan-European stock exchange operator Euronext ( opens new tab said that volatility and uncertainty brought about by Trump's policies make the U.S. look like an emerging market more than a developed country. Emerging markets often use tariffs to protect their industries while they try to develop. LOSING APPEAL European tech startups have looked to the U.S. to attract more liquidity, expand faster and face less regulatory hurdles than in their home markets. "When we started and actually reached unicorn status already in '23, the overall environment for clean tech and technology companies out of Europe to actually still be listed at NASDAQ was an option that was suitable", 1Komma5 Grad's Schroeder said. But recent shocks have made that market less appealing, he said. Given uncertainty in U.S. markets in recent weeks, other European tech companies may consider other listing venues. The "U.S. is no longer the only place to look for a tech IPO," said Gianni Cuozzo, chief executive of Italian tech startup Exein, which had previously said it was considering a U.S. listing in the 2027-2030 period. Cuozzo said the company had not yet decided what it would do. Exein, which provides embedded cybersecurity, said it is valued at around 500 million euros ($545 million). MYTHBUSTING US MARKETS While the postponement of IPOs can be blamed on stock market volatility, some experts say that the appeal of a U.S. listing and the liquidity of those markets might have been exaggerated. Last month, the London Stock Exchange issued a "mythbusting" note to warn British companies and advisers that inclusion in the S&P 500 index, which includes companies listed on the NASDAQ and the New York Stock Exchange, can be "extremely challenging" for non-U.S. companies. Out of 20 British companies which listed in the U.S. since 2014 and raised at least $100 million, nine of them have delisted and seven are trading down 85% on average, while only four are trading up, the note said. ($1 = 0.9168 euros)
Associated Press
12-03-2025
- Business
- Associated Press
Exein partners with Supermicro to redefine the future of embedded security
Exein, the embedded IoT cybersecurity company, and Supermicro, a global leader in application-optimized total IT solutions, have announced a partnership to redefine embedded security. Exein and Supermicro's collaboration will see Exein's cutting-edge embedded security solutions integrated into Supermicro's industry-leading hardware, ensuring unprecedented protection for enterprises worldwide. Together, Exein and Supermicro are raising the bar for cybersecurity in edge computing, IoT, and critical infrastructure—securing the future, one device at a time. With Exein's AI-driven security built directly into Supermicro's hardware, businesses can now deploy infrastructure with zero-trust security from the ground up—ensuring resilience against evolving cyber threats. 'We are honored to partner with Supermicro to bring Exein's next-generation embedded security to their industry-leading solutions. This collaboration ensures that security is not just an add-on, but an integral part of the hardware ecosystem—empowering businesses with AI-driven, zero-trust protection from the core. With Exein's technology, Supermicro's offerings will not only be more resilient against evolving cyber threats but also fully compliant with the Cyber Resilience Act, setting a new standard for secure infrastructure worldwide.' - Gianni Cuozzo, CEO of Exein. The partnership with Supermicro follows Exein's significant industry partnerships in recent months with MediaTek and Integral Systems. As a result of these partnerships Exein's advanced cybersecurity technology will be embedded in billions of IoT devices worldwide. In 2024, Exein successfully closed a €15m Series B round to drive its ambitious global expansion plans across Europe, the US and Asia. ENDS About Exein Exein is a leading embedded IoT cybersecurity company with offices in Italy, Germany, and the US. Focused on device-level security, Exein embeds advanced security measures directly into device software, leveraging edge AI for real-time threat detection and response. Exein technologies protect over 1 billion devices daily across sectors including industrial, automotive, and aerospace, aiming to set the global standard for embedded cybersecurity and build the immune system for digital life. SOURCE: Exein Copyright Business Wire 2025. PUB: 03/12/2025 11:31 AM/DISC: 03/12/2025 11:32 AM
Reuters
29-01-2025
- Business
- Reuters
Italian startup Exein to supply cybersecurity for chips to MediaTek
Jan 29 (Reuters) - Italian tech startup Exein has agreed with Taiwan's MediaTek ( opens new tab to provide cybersecurity systems to be embedded on the chipmaker's Genio platform, Exein said on Wednesday. The deal will provide security features to billions of chips using the system worldwide in industries including mobile, home, automotive and healthcare, Exein said in a statement. WHY IT'S IMPORTANT Italy has been trying foster a tech startup sector, and a deal with a major chipmaker could extend its reach. BY THE NUMBERS Exein said that following the deal with MediaTek, its technology would be embedded in more than 3 billion devices. The partnership between the two groups is valued at more than 5 million euros ($5.2 million), a figure that Exein expects will double by 2028. KEY QUOTES "This is a longterm relationship and positions Exein well to further expand into the automotive and robotics sectors globally," Exein said. "MediaTek is a key strategic partner for us," it added. CONTEXT Exein raised $15 million in Series B funding last year. Its clients include Daikin (6367.T), opens new tab, Seco ( opens new tab and Kontron ( opens new tab. ($1 = 0.9580 euros)
