Finite State gets $27 million to find flaws in device software

Finite State got $27 million in a Series C round of investment, with one primary investor. The company makes AI software that reads the code and firmware in complete devices, from cars to medical devices. It finds known and new flaws. It will use the money to work in more countries and to make more autonomous tools.

How it works

The platform tests the software that operates in a device, not only the software that the build documents show. It also makes records of parts and signed compliance packages for rules such as the EU Cyber Resilience Act. The company tells that one automated workflow does this.

The numbers

The company gave no test results for its platform. It tells that AI cut the time from flaw to attack from weeks to days or hours. It gives a forecast that the market for connected device security will be $80.3 billion by 2031.

What is not known

The company did not tell how many customers it has or how it will divide the money. Its founder, Matt Wyckhouse, tells that the surge of AI flaws is “the new baseline”. The source gives no external proof of that.

Insight: AI makes flaws easy to find, so knowing your parts gains value

On 19 October 2026, Bright Security told that its AI fuzzer found High or Critical bugs in 45% of the projects in its test. Finite State makes tools for the next step, to know which devices contain such code, and investors give money for it. With AI, flaws are easy to find, and the important thing reads as a correct view of the software in each device. Makers that cannot show their parts will be slow when the next flaw is found.