Finite State raises $27 million for device firmware security
Original title: Finite State Raises $27 Million to Help Device Makers Fight ‘Vulnpocalypse’ with AI-Powered Product Security
The O.H.I.O. Fund led the Series C, which Finite State says will expand its platform and international reach.
Finite State announced a $27 million Series C led by private funds managed by The O.H.I.O. Fund, with CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners. The company says its platform analyzes software and firmware in finished connected devices and will use the capital for autonomous features and international expansion. The release cites October AI-found flaws, including one in PHP, and points to the EU Cyber Resilience Act, FDA rules, UNECE R155 and R156, and IEC 62443 as drivers.
Unconfirmed: The flaw surge, market forecast, and customer impact are claims in Finite State's funding announcement, not independently detailed here.
- Participants include CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners.
- The release says the IoT security market is projected to reach $80.3 billion by 2031.
- CEO Matt Wyckhouse calls the so-called Vulnpocalypse a new baseline rather than a one-month event.
- A JET Optoelectronics manager praised binary analysis versus relying only on a build manifest.
- Vendors
- Finite State
From the original article
7 min read at csoonline.com
Funding Will Scale Finite State’s Autonomous Platform and International Expansion as Manufacturers Face a Surge of AI-Discovered Flaws and New Global Security Mandates Finite State, a leader in product security and software supply chain risk management, today announced a $27 million Series C funding round led by private funds managed by The O. H. I.
csoonline.com
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