Per CSO Online. Finite State, a leader in product security and software supply chain risk management, has secured $27 million in a Series C funding round to scale its autonomous platform and expand global operations.
The funding round was led by private funds managed by The O.H.I.O. Fund, with participation from CIBC Innovation Banking, Energy Impact Partners, Energize Capital and National Grid Partners. Finite State provides an AI-driven platform that analyzes software and firmware within finished devices, offering manufacturers visibility into vulnerabilities across diverse sectors, including automotive, medical and industrial equipment. The company aims to address the growing threat of AI-enabled cyberattacks, which have significantly reduced the time required for attackers to exploit security flaws. As global regulators implement stricter requirements, such as the EU Cyber Resilience Act, manufacturers face increasing pressure to ensure security by design. Finite State helps these organizations identify risks within complex software supply chains, providing the evidence and automation necessary to maintain compliance. The new capital will support the company's efforts to deepen its international market presence and accelerate the development of its autonomous security capabilities, helping manufacturers protect critical infrastructure and connected devices against evolving threats.
Source: CSO Online
