Finite State a Columbus, OH-based provider of comprehensive software risk management solutions, raised $20 million in growth funding.
SaaS Investors
The round was led by Energy Impact Partners (EIP).
Founded in 2015, Energy Impact Partners is a venture capital investment firm that invests in sustainable and technology-driven companies. With over $3 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure.
Finite State Use of Funds
The company will use the funds to accelerate product development efforts and expand its global market presence.
About Finite State
Finite State is a company that provides software risk management solutions for connected devices and software supply chains. Its platform offers visibility, transparency, and risk management capabilities to proactively identify vulnerabilities within software supply chains, thereby safeguarding critical systems and data. The Finite State platform serves as a central hub for device security, delivering continuous visibility into potential software risks. With access to over two billion data points, customers receive actionable insights, including SBOMs, vulnerability data, and remediation guidance.
Funding Details
Company: Finite State, Inc.
Raised: $20.0M
Round: Growth Round
Funding Month: March 2024
Lead Investors: Energy Impact Partners
Additional Investors:
Company Website: https://finitestate.io/
Software Category: Software Risk Management
Source: https://www.prweb.com/releases/finite-state-raises-20-million-growth-round-to-secure-critical-infrastructure-and-software-supply-chains-302096491.html