Finite State – a leader in comprehensive software risk management for the connected world – announced that it raised a $20 million growth round led by Energy Impact Partners (EIP).
This funding highlights Finite State’s pivotal role in addressing critical cybersecurity challenges organizations face and its commitment to advancing innovative solutions for securing connected devices and critical infrastructure.
Finite State’s trajectory coincides with escalating cyber threats and regulatory pressures driving organizations to prioritize software supply chain security. Finite State’s platform enables organizations to identify and mitigate vulnerabilities within software supply chains while safeguarding critical systems and data by offering visibility, transparency, and risk management capabilities.
This investment from EIP and other strategic investors will enable Finite State to accelerate product development efforts and expand its global market presence. Through a focus on innovation and customer-centricity, Finite State will continue to enhance its platform capabilities and deliver unparalleled value to its customers.
These enhancements, based on sophisticated binary analysis, SBOM management, and unified vulnerability management, will enable security teams to keep pace with rapidly evolving security demands.
KEY QUOTES:
“This funding round marks a significant milestone for Finite State and reaffirms the trust and confidence our investors have placed in our mission. In an increasingly interconnected and vulnerable digital landscape, our platform plays a critical role in enabling organizations to effectively manage and mitigate risks in critical software and devices.”
– Matt Wyckhouse, CEO and Founder of Finite State
“We are thrilled to partner with Finite State as they continue to lead the charge in software supply chain security. While threat actors escalate their targeting of critical infrastructure, they are also focusing their efforts on supply chain vulnerabilities. Finite State’s innovative platform, combined with its proven track record of success, empowers manufacturers and industrial organizations to actively manage this growing risk.”
– Sameer Reddy, Managing Partner at Energy Impact Partners
