Finite State Raises $27 Million to Secure Software and Firmware in Connected Devices
Source SecurityWeek
Description
Finite State, a product security firm, raised $27 million in a Series C funding round to expand its international presence and enhance its autonomous device security platform. The platform inspects compiled firmware and binaries to identify known and zero-day vulnerabilities in connected devices, helping manufacturers in sectors like automotive, medical, industrial, consumer electronics, and utilities. It also supports compliance with regulations such as the EU Cyber Resilience Act, FDA premarket cybersecurity requirements, UNECE vehicle regulations, and IEC 62443. The investment is driven by increased discovery of critical vulnerabilities and growing regulatory mandates. AI agents automate analysis, triage, testing, and regulatory reporting within the platform.