Finite State
PrivateLast Round
Series C
Nov 10, 2026
Total Funding Raised
$96.5M
Momentum
Top 5%
of companies Caplight tracks
Company Overview
Finite State operates in Cybersecurity and is based in Columbus, Ohio. Its latest recorded funding round was a Series C round in November 2026.
Finite State is a cybersecurity company that provides a product security platform to identify and manage vulnerabilities in connected devices through automated scanning and detailed firmware analysis.
Sector
Cybersecurity
Verticals
Application Security, Vulnerability Management, Supply Chain, IoT Security, Compliance & Risk
Business Model
B2B
Customer Profile
Subscription SaaS, Usage-Based SaaS
AI Layer
Application
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Finite State Comparables
Compare Finite State with similar companies based on industry and business-model similarity.
| Company | Similarity | Market Cap |
|---|---|---|
| NetRise | 87% | |
| ONEKEY | 83% | |
| Cybeats Technologies Corp. | 83% |
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Finite State Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Series C | Nov 10, 2026 | ||||
| Growth Equity | Mar 22, 2024 | ||||
| Series B | Aug 2, 2021 | ||||
| Series A | May 5, 2020 | ||||
| Seed | Dec 23, 2019 |
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Key People
Founding team and executive leadership
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Finite State Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| National Grid Partners | Series C |
| SE Ventures | Series B |
| The O.H.I.O. Fund | Series C |
| Zetta Venture Partners | Series A, Seed, Series B |
| Merlin Ventures | Series B |
| Razi Ventures | Series B |
| Energy Impact Partners | Series B, Series C, Growth Equity, Series A |
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Market signals
Structured signals derived from secondary market and firmographic data.
- Nov 10, 2026
$27M round led by The O.H.I.O. Fund.
- Aug 20, 2026
Monthly visitors increased 63% MoM, reaching 34K.
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Recent news
Latest coverage and updates
- receives_financingNov 10, 2026
Finite State receives a $27M Series C round led by private funds managed by The O.H.I.O. Fund, with participation from CIBC Innovation Banking, Energy Impact Partners, Energize Capital, and National Grid Partners, on Nov 10th '26 to expand global operations and accelerate its autonomous product security platform.
- recognized_asOct 20, 2026
Cyber Defense Magazine names Finite State a winner among its Top InfoSec Innovators for 2026, recognizing the company's cybersecurity innovation.
- receives_awardOct 20, 2026
Finite State receives the 2026 Top InfoSec Innovator award for Connected Product Security from Cyber Defense Magazine on Oct 20th '26 for advancing security and risk management across connected products.
- receives_awardSep 22, 2026
On Sep 22nd '26, Finite State announces that its Product Security OS is named a winner of the embedded world North America 2026 Best in Show Award in the Security category, presented by Embedded Computing Design for design excellence, relative performance, and market impact or disruption.
- recognized_asSep 22, 2026
Finite State's Product Security OS earns the embedded world North America 2026 Best in Show Award in the Security category, presented by Embedded Computing Design, on Sep 22nd '26.
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Finite State Filings
Explore SEC and related filing metadata, where available.
| Type | Date | Amount Offered | Amount Sold | Filing | Pages | Download |
|---|
Filing documents are not displayed on this public page. Request access to learn about available coverage.
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Frequently Asked Questions
Common questions about Finite State's valuation, stock price, and market status.
Is Finite State a public or private company?
Finite State is a private company.
What is the current stock price of Finite State?
Finite State is a private company, so its shares have no public market price. Caplight tracks Finite State's secondary market activity and provides MarketPrice™ estimates of its share price to Caplight users.
How much is Finite State worth (valuation)?
Valuation information for Finite State is not publicly available.
Can I buy Finite State stock?
Finite State shares may be available on secondary markets subject to transfer restrictions. Caplight facilitates secondary market transactions for accredited investors.
When was Finite State's last funding round?
Finite State's most recent funding round was Series C on November 10, 2026.
Who are the main investors in Finite State?
Key investors in Finite State include The O.H.I.O. Fund, Energy Impact Partners, Energize Capital, Drive Capital.
Will Finite State IPO soon?
No public IPO plans have been announced for Finite State.
How can I track Finite State secondary market activity?
Caplight tracks bids, offers, and trades in Finite State's shares on secondary markets.