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New Italian unicorn Exein rides the physical AI wave
Italian IoT-security startup Exein raised $270 million at a $1.7 billion valuation to build a security layer for physical AI and edge devices.
Rome-based Exein raised a $270 million round led by Headline at a $1.7 billion valuation, becoming Italy's new unicorn, with plans for M&A and US/APAC expansion. The company claims over 2 billion connected devices secured across aerospace, industrial automation, automotive, energy, healthcare, and semiconductors using its Photon kernel-level runtime protection. Exein is training a foundational model for physical AI security on machine telemetry, targeted for Q1 2027, and reports 400% year-on-year growth. The EU Cyber Resilience Act, whose reporting obligations began last week, is expected to further boost demand.
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Panic builds over bankrupt Spirit’s looming data sale to Google
Startups object to Google's bankruptcy-auction purchase of Spirit Airlines operational data, claiming proprietary IP is being sold without consent.
Google won an auction to acquire a large enterprise dataset from bankrupt Spirit Airlines, which it says will help improve its products and AI models, with no personal information included. Springshot, whose airline logistics platform powered Spirit's stack, filed a limited objection arguing the vaguely defined data categories could transfer third-party IP and trade secrets it owns; International Aero Engines filed a similar objection. The EFF called it the first public bankruptcy proceeding over selling company and employee data as an asset, and objectors warn of a precedent letting large companies acquire startup IP through bankruptcy courts.
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