Italian startup Exein to supply cybersecurity for chips to MediaTek

MediaTek

29/01/2025 08:00

Jan 29 (Reuters) - Italian tech startup Exein has agreed
with Taiwan's MediaTek  2454.TW  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 , Seco  IOT.MI  and
Kontron  KTN.VI .

($1 = 0.9580 euros)

 (Reporting by Alessandro Parodi
Editing by Peter Graff)
 ((Alessandro.Parodi@thomsonreuters.com;))