Finite State has raised $27.0M in Series C funding. The round drew backing from The O.H.I.O. Fund, CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners.
The company sells a Product Security Automation Platform for connected devices, which it describes as an autonomous Product Security OS. The software analyzes compiled firmware to build a ground-truth software inventory, or SBOM, then automates vulnerability triage and prioritization and generates evidence for regulatory compliance. In practice, that means device manufacturers can automate the product security lifecycle from design through deployment rather than handling inventory and compliance work by hand.
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