Finite State raises $20 million growth round to secure critical infrastructure, software supply chains

March 28, 2024

Finite State, vendor of comprehensive software risk management for the connected world, recently announced that it raised a $20 million growth round led by Energy Impact Partners (EIP). The investment underscores Finite State’s pivotal role in addressing critical cybersecurity challenges faced by organizations worldwide and its commitment to advancing innovative solutions for securing connected devices and critical infrastructure.

Finite State’s robust growth trajectory comes amid escalating cyber threats and regulatory pressures driving organizations to prioritize software supply chain security. With a focus on providing visibility, transparency, and risk management capabilities, Finite State’s platform enables organizations to proactively identify and mitigate vulnerabilities within their software supply chains, safeguarding critical systems and data.

“This funding round marks a significant milestone for Finite State and reaffirms the trust and confidence our investors have placed in our mission,” said Matt Wyckhouse, CEO and founder of Finite State. “In an increasingly interconnected and vulnerable digital landscape, our platform plays a critical role in enabling organizations to effectively manage and mitigate risks in critical software and devices.”

The investment from EIP and other strategic investors will empower Finite State to accelerate product development efforts and expand its global market presence. With a focus on innovation and customer-centricity, Finite State will continue to enhance its platform capabilities and deliver unparalleled value to its customers. Building upon binary analysis, SBOM management, and unified vulnerability management, these enhancements will enable security teams to keep pace with rapidly evolving security demands.

“We are thrilled to partner with Finite State as they continue to lead the charge in software supply chain security,” said Sameer Reddy, managing partner at Energy Impact Partners. “While threat actors escalate their targeting of critical infrastructure, they are also focusing their efforts on supply chain vulnerabilities. Finite State’s innovative platform, combined with its proven track record of success, empowers manufacturers and industrial organizations to actively manage this growing risk.”

As Finite State embarks on its next phase of growth, the company remains steadfast in its mission to empower organizations to secure their software supply chains and protect critical infrastructure from evolving cyber threats.