Finite State
Finite State provides automated security compliance software for connected device manufacturers, helping them meet regulations like the EU Cyber Resilience Act. The 78-person company raised $70M in a Series B round in March 2024.
The growth story
Finite State grew from 62 to 78 employees between 2021 and 2026, raising $70M along the way, most recently a Series B in March 2024.
About
Finite State sells software that analyzes device firmware and generates compliance documentation like SBOMs and VEX reports. Its AI-powered platform helps medical device, automotive and other manufacturers meet cybersecurity regulations by automating security audits.
The company has raised $70M, including a Series B in March 2024 led by Drive Capital and Energize Capital. Its 78 employees have a median tenure of 1 year, suggesting rapid team expansion.
Founders and leadership
Engineering is Finite State's largest function with 20 employees. The company is headquartered in Columbus, Ohio, where it benefits from local talent pools like The Ohio State University.
The Finite State org chart
Matt Wyckhouse (Founder and CEO) leads 35 mapped leaders with 3 direct reports. Click +N to expand a team; names link to the person’s public profile.
Departments, and which ones grew
Headcount by function: Engineering 27 (+4% YoY), Information Technology 13 (+30% YoY), Business Development 8 (-11% YoY), Sales 5 (-17% YoY), Operations 5 (+25% YoY), Marketing 4 (+33% YoY).
Talent flow
Finite State hires heavily from cybersecurity firms, with Cybellum being its top source of talent. Alumni frequently move to other security startups, with Kudu Dynamics being the most common destination.
Most common previous employers of Finite State staff: Cybellum (7), Horizon3.ai (4), IBM (3), Cisco (3), BlackBerry (3), Sophos (3). Former Finite State employees most often moved to Kudu Dynamics (7), GitHub (4), iVerify (3), Silent Push (2), Exein (2), ArmorCode (2).
Alumni worth knowing
The Finite State mafia
Finite State alumni have founded 9 companies, including Frenos (88 staff) and Invictux (50 staff). Several focus on AI and cybersecurity, continuing Finite State's technical focus.
9Brian Proctor, was Director - Energy Solutions until 2024Bimal Mehta, was Board Observer until 2023David H., was Co-Founder until 2019Ricky S. Arora, was VP of Products until 2020Andy Jenks, was Director until 2023Randy Hollines, was Sr. Director of Customer Success until 2022
Anna Tomani, was People Operations Coordinator until 2022
Meik Kenworthy, was Senior Product Engineer until 2019
Kelly W., was VP, Agent & Integration until 2025Web traffic
Traffic mix: 45% direct, 36% search, 8% social, 1% paid.
What this company is made of
Most common skills at Finite State: Leadership (23), Software Development (22), Cybersecurity (20), Management (20), Python (Programming Language) (20), Agile Methodologies (20), Software as a Service (SaaS) (19), Linux (18).
Where the team actually sits
Finite State people are concentrated in Texas, United States (8), San Francisco Bay Area (4), Ohio, United States (3), Pennsylvania, United States (3).
Search footprint
Finite State attracts about 1,331 organic search visits a month, traffic worth roughly $13K a month if bought through ads. It gained 453 ranking keywords and lost 397 in the last period.
What employees say
- Compensation
- 4.50 / 5
- Career opportunities
- 3.80 / 5
- Senior management
- 3.60 / 5
- Work-life balance
- 3.40 / 5
Frequently asked
Finite State has 78 employees as of September 2026.
Finite State has raised $70M in total, most recently a Series B round in March 2024.
Finite State was founded in 2017 by Matt Wyckhouse.
Matt Wyckhouse (Founder and CEO) sits at the top of Finite State's reporting structure, with 3 direct reports.
The most common previous employers of current Finite State staff are Cybellum (7 people), Horizon3.ai (4 people), IBM (3 people).
Former Finite State employees most often move to Kudu Dynamics (7), GitHub (4), iVerify (3).
At least 9 companies have a founder who previously worked at Finite State, including Frenos, Invictux, Tranquility AI.
Finite State attracts about 1,331 organic search visits a month, worth roughly $13K a month in equivalent ad spend.
The most common skills among Finite State staff are Leadership, Software Development, Cybersecurity, Management, Python (Programming Language).
Finite State staff are concentrated in Texas, United States (8), San Francisco Bay Area (4), Ohio, United States (3).
Finite State has about 27 people in Engineering, up 4% over the past year, as of September 2026.
Finite State has about 13 people in Information Technology, up 30% over the past year, as of September 2026.
Computed from 62 current and 143 former Finite State profiles, as of September 2026. Source: Crustdata.
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