Finite State, a connected device security firm has recently announced that it secured $30 million in a Series B funding round. For now, the company has raised a total of $49.5 million.
Energize Ventures led the latest funding round, in association from Merlin Ventures along with Schneider Electric Ventures. The company is planning to utilize the fund to position and scale itself better – to meet the rising security market demand.
It is being driven by the augmented use of IoT devices within critical infrastructure. According to Matt Wyckhouse, CEO of Finite State – “As companies struggle to tackle product security by analyzing devices and firmware, Finite State has become the premier player in solving product security challenges.”
Source: SecurityWeek
For more such updates follow us on Google News ITsecuritywire News.
