Finite State, a leader in comprehensive software risk management, has announced a $20m growth round led by Energy Impact Partners (EIP).
This investment highlights Finite State’s crucial role in tackling the cybersecurity challenges that plague organisations across the globe, focusing on the security of connected devices and critical infrastructure.
The company, known for its innovative solutions, provides essential visibility, transparency, and risk management capabilities. Finite State’s platform enables organizations to proactively identify and mitigate vulnerabilities within their software supply chains, ensuring the protection of critical systems and data. Amid escalating cyber threats and regulatory pressures, Finite State’s growth trajectory is a testament to the increasing priority of software supply chain security among organizations worldwide.
The funding from EIP, along with other strategic investors, will enable Finite State to accelerate its product development efforts and expand its presence in the global market. With a commitment to innovation and customer-centricity, the company aims to enhance its platform capabilities, delivering unparalleled value to its customers. Enhancements will focus on industry-leading binary analysis, SBOM management, and unified vulnerability management, equipping security teams to address the rapidly evolving security landscape.
In addition to product development, Finite State is dedicated to excellence through talent acquisition and community engagement. The company’s recent presentation at S4x24, in collaboration with Southern Company, on building an SBOM for an electrical substation, underscores its commitment to protecting critical infrastructure. Furthermore, Finite State, along with partners such as EPRI, Southern Company, Schneider Electric, Scythe, MITRE, Ameren, and others, have been awarded a Department of Energy funded project aimed at advancing cybersecurity measures for the nation’s energy sector.
“Finite State’s innovative platform, combined with its proven track record of success, empowers manufacturers and industrial organizations to actively manage this growing risk,” said Sameer Reddy, Managing Partner at Energy Impact Partners.
As Finite State embarks on its next phase of growth, the company remains focused on its mission to empower organizations to secure their software supply chains and protect critical infrastructure against evolving cyber threats.
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