Finite State raises $27 million Series C for device security
November 11: SecurityWeek adds that the platform analyzes compiled code without source, produces SBOMs, VEX, and signed compliance packages, and lets customers connect agents through an API and MCP server.
Finite State closed a $27 million Series C to expand autonomous firmware analysis and international reach.
Columbus-based 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 the capital will expand its platform internationally and add more autonomous analysis of software and firmware in finished connected devices. SecurityWeek reports the platform inspects compiled code without source, looks for known and zero-day flaws, and produces SBOMs, VEX documents, and signed compliance packages; AI agents handle analysis, triage, testing, and draft regulatory reports. According to Finite State, customers include utilities, automakers, medical-device makers, and a U.S. national security lab. The company cites an October surge of AI-found flaws, which it calls the “Vulnpocalypse,” and points to EU, FDA, UNECE, and IEC product-security rules.
- Series C totals $27 million, led by The O.H.I.O. Fund.
- Participants include CIBC, Energy Impact Partners, Energize Capital, and National Grid Partners.
- CEO Matt Wyckhouse says funding will expand global reach and platform work.
- Company cites IoT security market projection of $80.3 billion by 2031.
- SecurityWeek: customers can connect their own agents via API and MCP server.
What each outlet adds
beyond the shared facts- SecurityWeekNo-source inspection, SBOM/VEX packages, AI agents, and customer API/MCP access.
- Cyber Security NewsNames a U.S. national security lab among customers and quotes JET OPTOELECTRONICS.
- CSO OnlineCEO calls Vulnpocalypse a new baseline, not a one-month event.
- GBHackersCites a PHP flaw among AI-discovered vulnerabilities in the company announcement.
Coverage
oldest first · one row per article · UTC- · 1d ago
Cyber Security NewsFirst report
Finite State raises $27 million for device security platform
The Series C, led by The O.H.I.O. Fund, will fund international expansion and more autonomous firmware analysis.
- · 1d ago
GBHackers
Finite State raises $27 million Series C for device security
The O.H.I.O. Fund led the round, which Finite State says will fund autonomous analysis and international expansion.
- · 16h ago
CSO Online
Finite State raises $27 million for device firmware security
The O.H.I.O. Fund led the Series C, which Finite State says will expand its platform and international reach.
- · 8h ago
SecurityWeek
Finite State raises $27 million for connected-device security
The Series C, led by The O.H.I.O. Fund, will fund international growth and more automation in firmware analysis.