Finite State Raises $27M to Secure Connected Devices Against AI-Powered Threats

Product security firm Finite State has secured $27 million in Series C funding to expand its platform that analyzes software and firmware in connected devices. The investment, led by The O.H.I.O. Fund with participation from several other financial institutions, comes as manufacturers face increasing pressure from both AI-powered vulnerabilities (dubbed the 'Vulnpocalypse') and a growing number of international cybersecurity regulations.

The company's platform works directly from compiled binaries and firmware, requiring no source code, to identify known and zero-day vulnerabilities in vehicles, medical devices, industrial equipment, and consumer electronics. It helps manufacturers patch exploitable flaws and generates continuous compliance documentation (SBOMs, VEX documents) for regulations like the EU Cyber Resilience Act, FDA cybersecurity rules, and UNECE vehicle standards. This funding round highlights the urgent need for automated security solutions as AI accelerates both attack and defense capabilities in the connected device ecosystem.