embedded security2 articles
Exein Hits $1.7B Valuation With $270M Raise to Secure the Physical AI World
Italian IoT cybersecurity firm Exein has raised $270 million in an oversubscribed funding round, bringing its total funding to over $600 million and its valuation to $1.7 billion. The round was led by Headline, with participation from major investors including Goldman Sachs and the European Investment Bank Group. Exein plans to use the funds to develop a foundation model for Physical AI security, build autonomous agentic security systems capable of defending against machine-speed attacks, and expand its presence in the US market.
Seven Unpatched Flaws in a Tiny Filesystem Library Put Millions of Embedded Devices at Risk
Security researchers at runZero have disclosed seven vulnerabilities in FatFs, a widely used filesystem library embedded in millions of devices including security cameras, drones, industrial controllers, and crypto wallets. The most serious flaws can allow an attacker with physical access — such as inserting a malicious USB drive or SD card — to corrupt device memory and execute arbitrary code, with no upstream fixes available for six of the seven bugs due to an unresponsive maintainer. The situation is compounded by the fact that runZero used an AI-assisted fuzzing pipeline to discover the flaws, meaning the barrier to exploitation is low, while downstream vendors face a potentially years-long patching process with no coordinated disclosure channel in place.