Finite State vs Beyond Identity
Side-by-side comparison of AI visibility scores, market position, and capabilities
Finite State analyzes firmware and embedded software for IoT and connected device manufacturers, identifying vulnerabilities across the full software supply chain.
About
Finite State is a firmware and embedded software security analysis platform that helps IoT device manufacturers, medical device companies, and industrial equipment vendors identify vulnerabilities in the software running inside their products. Unlike application security tools designed for cloud software, Finite State extracts and analyzes binary firmware images — decompiling them, inventorying all open-source and third-party components, and mapping known vulnerabilities, weak cryptography implementations, and insecure configurations without access to source code. This binary analysis capability is critical for the IoT market where source code is often unavailable for third-party components embedded in firmware.
Passwordless MFA unicorn valued at $1.1B (Series C, 2022) with $205M total raised; eliminates passwords for enterprise and customer authentication using device-bound cryptographic keys.
About
Beyond Identity is a cybersecurity company founded in 2020 by Jim Clark (founder of Netscape and Silicon Graphics) and Tom Casey, built around the conviction that passwords are fundamentally insecure and should be eliminated entirely. The company's platform provides invisible, un-phishable multi-factor authentication by binding credentials to the physical device using platform cryptography (Secure Enclave / TPM), eliminating the need for passwords, one-time codes, or push notifications that can be stolen, phished, or intercepted. The platform simultaneously verifies device security posture — checking for disk encryption, OS patches, and endpoint detection status — at every authentication event.
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