# Finite State

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/finite-state

- Industry: IT Security/Cybersecurity
- Headquarters: Columbus, US
- Website: www.finitestate.io
- Total disclosed funding: $50M
- Latest round: Series B (Aug 2, 2021)
- Investors on record: 6

## About

Established in 2017 and based in Ohio, US, Finite State, Inc. operates as a provider of IT and Cybersecurity platforms that enable its users to automate and generate insights for IoT-based devices. In March 2024, the firm raised USD 20 million in growth funding led by returning investor Energy Impact Partners, with participation from other investors. The company was founded by Matt Wyckhouse, who is leading the firm as CEO, as of 2024.

The company engages itself in automating product security throughout the software supply chain, mitigating risks for connected devices. The company's Next Generation Platform integrates SBOM management with risk analysis capabilities, correlating findings from scanning tools. This approach enables users to monitor and mitigate application security (AppSec) and product security risks across their portfolios, ensuring robust protection.

The company plans to use the March 2024 funding to boost its production, market expansion, and improve its platform features.

## Funding rounds

- Series B, Aug 2, 2021, $30M — iboss, Inc., Energize Capital, SE Ventures
- Series A, May 5, 2020, $13M — Zetta Venture Partners, Energy Impact Partners
- Seed, Dec 1, 2017, $7M — Drive Capital, Zetta Venture Partners

## Investors

- Drive Capital (https://capitalatlas.ai/funds/drive-capital) — Seed
- Zetta Venture Partners (https://capitalatlas.ai/funds/zetta-venture-partners) — Seed, Series A
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series A
- iboss, Inc. — Series B
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B
- SE Ventures (https://capitalatlas.ai/funds/se-ventures) — Series B