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 TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
GrowthCompletedFinite State, Inc.-

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