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Product security company Finite State raised $27 million led by funds managed by The O.H.I.O. Fund to expand internationally and add autonomous capabilities to its firmware analysis platform.
Finite State raised $27 million in Series C funding led by private funds managed by The O.H.I.O. Fund, the Columbus, Ohio company said. CIBC Innovation Banking, Energy Impact Partners, Energize Capital and National Grid Partners also participated.
Finite State will use the capital to expand its international operations and add more autonomous capabilities to its product security platform. The software analyzes firmware and other software inside connected products, including vehicles, medical devices, industrial equipment and consumer electronics.
The platform finds known and zero-day vulnerabilities and helps manufacturers fix the exploitable ones, and the company says it continuously generates software bills of materials (SBOMs), VEX reports and signed compliance packages. Finite State ties the raise to a surge of AI-discovered flaws, including a PHP vulnerability found by AI-powered research in October.
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