Growing cybersecurity threats to electric grids, telecommunications networks and medical devices already attracted customers and investors to Finite State Inc. — and then its business got a boost from the White House.
Founder and CEO Matt Wyckhouse didn’t have to board a plane or knock on doors for the Columbus startup’s $30 million Series B venture round announced this week. French energy and sustainability company Schneider Electric, a customer for 18 months, introduced Finite State to a firm that specializes in technology for the energy sector and heavy industry.
“They know the customers we want to work with; they understand the problem we are solving,” Wyckhouse said of Chicago-based Energize Ventures. “They were able to explain my business to me before I had to explain it to them.”