AXA Business Mirror Leaderboard

Finite State, a leading provider of comprehensive software risk management solutions, has announced a significant milestone with a $20 million growth round led by Energy Impact Partners (EIP).

This investment underscores Finite State’s pivotal role in addressing cybersecurity challenges faced by organizations globally, with a focus on securing connected devices and critical infrastructure.

Renowned for its innovative solutions, Finite State offers essential visibility, transparency, and risk management capabilities. Its platform empowers organizations to proactively identify and mitigate vulnerabilities within their software supply chains, safeguarding critical systems and data. Against the backdrop of increasing cyber threats and regulatory demands, Finite State’s growth trajectory highlights the growing significance of software supply chain security for organizations worldwide.

The funding from EIP, along with contributions from strategic investors, will fuel Finite State’s product development initiatives and bolster its global market presence. Committed to innovation and customer satisfaction, the company aims to enhance its platform capabilities, delivering unmatched value to its clientele. Planned enhancements will focus on leading-edge binary analysis, Software Bill of Materials (SBOM) management, and unified vulnerability management, enabling security teams to address the dynamic security landscape effectively.

Beyond product development, Finite State prioritizes talent acquisition and community engagement. The company’s recent participation at S4x24, in collaboration with Southern Company, to build an SBOM for an electrical substation underscores its dedication to safeguarding critical infrastructure. Furthermore, Finite State, in partnership with esteemed organizations such as EPRI, Southern Company, Schneider Electric, Scythe, MITRE, Ameren, and others, has secured a Department of Energy funded project to advance cybersecurity measures within the energy sector.

“Finite State’s innovative platform, coupled with its proven success, empowers manufacturers and industrial organizations to proactively manage this escalating risk,” remarked Sameer Reddy, Managing Partner at Energy Impact Partners.

As Finite State embarks on its next phase of growth, the company remains steadfast in its mission to enable organizations to fortify their software supply chains and shield critical infrastructure against evolving cyber threats.

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