Finite State, Inc.
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Finite State, Inc. - overview
Established
2017
Location
Columbus, OH, US
Primary Industry
IT Security/Cybersecurity
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.
Current Investors
Energy Impact Partners, Zetta Venture Partners, Drive Capital
Primary Industry
IT Security/Cybersecurity
Sub Industries
IT Security/Cybersecurity, Monitoring & Security Software
Website
www.finitestate.io
Verticals
Artificial Intelligence, IoT (Internet of Things)
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Finite State, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Finite State, Inc. | - |
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