Finite State

Finite State Secures $27 Million Series C to Advance Autonomous Security for Connected Devices Amid Rising Regulatory and Vulnerability Pressures

Finite State announced a $27 million Series C funding round led by The O.H.I.O. Fund with participation from CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners. The investment will support international expansion and further automation of the company’s connected device security platform. The round is driven by two key industry pressures: the October wave of AI-discovered critical flaws known as the Vulnpocalypse and an expanding set of mandatory product security regulations. Finite State’s platform analyzes compiled firmware and binaries without requiring source code, identifying both known and zero-day vulnerabilities across vehicles, medical devices, industrial equipment, consumer electronics, and utility infrastructure. It also generates continuous SBOMs, VEX documents, and signed compliance packages to help manufacturers meet the EU Cyber Resilience Act, FDA premarket requirements, UNECE R155 and R156, and IEC 62443. AI agents perform analysis, triage, testing, and draft regulatory reports, while customers can integrate their own agents via API and MCP server.