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Finite State
Provides product and supply chain security for connected devices and critical infrastructure, including: IoT, ICS, and OT
About Finite State
Finite 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.
Source: Dealroom company dataAt a glance
- Status
- Operational
- Founded
- 2017
- Headquarters
- Columbus, United States
- Employees
- 78
- Open positions
- 6
- Dealroom signal
- 87.6/100
- Industry
- Security
- Sub-industry
- Device security & Antivirus, Cloud & Infrastructure
- Sector
- Risk Management, Cybersecurity, Hard Tech, DT and LS
- Technology
- Deep Tech, IoT InternetOfThings
- Business model
- SaaS
- Client focus
- b2b
- Investment activity
- 1 company, latest Jun 2024
- Capital deployed
- —
- Preferred round
- ACQUISITION
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VCOther financing | Mar 2024 | $20M | $150M | Energy Impact Partners | ↗ |
| LATE VCOther financing | Oct 2021 | $0 | — | National Grid Partners (NGP) | — |
Financials
Revenue, earnings and other financial measures where available. Years marked “E” are estimates.
Growth signals
Latest recorded traffic for Finite State is 34K monthly website visits, up 112.5% over the last three months. Finite State's team grew 11.4% over the past year.
Open positions
Similar companies
Company identity and context are open; selected comparison metrics preview what is available on the platform.
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|---|---|---|---|---|---|
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Zetta Venture Partners
Drive Capital
Series A4 investors entered at this stage
Energy Impact Partners
Energize Capital
SE Ventures
Merlin Ventures
Series B and later1 investor entered at this stage
National Grid Partners (NGP)
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Finite State on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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