Finite State, a cybersecurity company focused on protecting connected devices and software supply chains, has raised $27 million in Series C funding.
The funding round was led by private funds managed by The O.H.I.O. Fund. Other participating investors include CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners.
The company will use the new funding to expand its global operations, strengthen its presence in key international markets, and accelerate the development of its AI-powered security platform.
Finite State founder and CEO Matt Wyckhouse said: “The Vulnpocalypse isn’t a one-month event. It’s the new baseline. AI-equipped attackers can now find a flaw faster than most manufacturers can figure out which of their products contain it. Governments are rightly advancing regulations to protect the public good, leaving security teams to prove that risks they identify are understood and addressed. Finite State delivers the evidence, intelligence, and automation to protect manufacturers, organizations, and consumers. This Series C round will enable our talented team to both drive the next generation of remarkable platform advances and expand our global reach to safeguard both our customers and theirs.”
Finite State helps manufacturers identify security risks in the software and firmware used in connected devices. Its platform analyzes products such as vehicles, medical devices, industrial equipment, consumer electronics, and critical infrastructure systems to detect known and previously unknown vulnerabilities.
The platform also helps manufacturers understand which security issues could be exploited by attackers and guides them in fixing those weaknesses before products reach the market.
The funding comes as cybersecurity risks continue to increase with the growing use of AI and connected devices. AI-powered security research is making it faster to discover software vulnerabilities, giving manufacturers less time to identify and fix potential threats.
At the same time, regulations such as the EU Cyber Resilience Act and new cybersecurity requirements for medical devices and vehicles are putting greater responsibility on manufacturers to build secure products and demonstrate compliance.
Finite State aims to address these challenges by giving manufacturers better visibility into the software components inside their finished products. Its technology helps companies identify vulnerabilities, manage software supply chain risks and maintain security compliance.
The company serves customers across critical infrastructure and connected device industries, including automotive, healthcare, energy, and industrial manufacturing. Finite State was also named to the 2026 Inc. 5000 list of America’s fastest-growing private companies and selected as a finalist for the 2026 TechForward Awards in the Security category.
