Finite State raises $27 million to expand device security platform

Finite State has announced a $27 million Series C funding round led by private funds managed by The O.H.I.O. Fund, with participants including CIBC Innovation Banking, Energy Impact Partners, Energize Capital and National Grid Partners. The Ohio-based company describes its AI-driven product security platform as analysing the software and firmware inside finished devices, providing manufacturers with visibility from vehicles and medical devices to industrial equipment and consumer electronics.

The platform purportedly uncovers known and zero-day vulnerabilities and guides remediation before attackers can exploit them. The funds will scale the platform's autonomous capabilities and support international expansion, helping manufacturers close the gap between planned software and what actually runs in shipped products.

The release frames the funding as occurring against a backdrop of what regulators call a “Vulnpocalypse,” with AI-powered flaw discovery accelerating the speed at which issues can become weaponised.

It notes forthcoming or existing requirements across the EU and US — including the EU Cyber Resilience Act, FDA premarket cybersecurity requirements, UNECE R155 and R156 for vehicles, and IEC 62443 for industrial systems — that place the burden of proof on manufacturers and raise market access, recall and liability risks for non-compliance. The article quotes Mike Venerable of The O.H.I.O.

Fund and Brittany Blanco of CIBC Innovation Banking, praising Finite State’s ability to provide evidence, intelligence and automation for security across global supply chains. It also cites industry recognition, including Finite State’s 2026 Inc. 5000 placement and a TechForward Awards finalist status, to underscore growing demand for its approach to binary and firmware analysis, compliance mapping and SBOM generation.