Finite State
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 2.5m | 2.7m | 4.4m | 13.3m | 13.3m |
% growth | - | 8 % | 63 % | 202 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
$7.0m | Seed | ||
* | $12.5m | Series A | |
$30.0m | Series B | ||
N/A | Late VC | ||
* | $20.0m Valuation: $150m | Late VC | |
Total Funding | $69.5m |
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Recent News about Finite State
EditFinite State specializes in automating product security for connected devices and embedded systems, including IoT, medical devices, industrial control systems (ICS), and operational technology (OT). The company serves developers and security teams by providing tools that enable them to ship products with confidence. Finite State's platform offers deep visibility into device and supply chain risks, allowing clients to comply with evolving standards and industry regulations. The business model is based on a subscription service where clients pay for continuous visibility and actionable remediation of security issues. The platform is designed to be comprehensive, fast, and fully automated, making it easier for organizations to shift from reactive to proactive security measures. By uploading firmware images, clients receive a full context risk analysis and remediation suggestions in less than one business day. This approach helps clients resolve security issues early and often, ensuring that products are secure by design. Finite State operates in the cybersecurity market, focusing on the niche of connected device security. The company makes money through subscription fees for its platform services.
Keywords: IoT security, embedded systems, risk management, compliance, firmware analysis, proactive security, automated platform, supply chain risk, vulnerability management, cybersecurity.