FILE PHOTO: Figurines with computers and smartphones are seen in front of the words "Cyber Security" in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Italian tech firm Exein said on Wednesday a pick up in European defence spending was supporting its domestic growth, as it closed a funding round aimed at global expansion.
The startup, which provides embedded cybersecurity on small devices including chips, is planning to expand its range of products as countries and businesses move away from cloud-based systems because of data sovereignty concerns and rising costs, its Chief Executive Gianni Cuozzo said.
