Finite State Adds Gün Akkor, Kirk Appelman to Scale Company with Growing Market

With Akkor as Chief Technology Officer and Appelman as Executive Vice President, Finite State is building upon its Series B funding round to meet increasing demand for Product and Supply Chain security for IoT

COLUMBUS, Ohio–(BUSINESS WIRE)–To secure devices with complex supply chains in an expanding threat landscape, Finite State—the product security leader for connected devices and one of the top 25 startups in the latest “Future Internet of Things (IoT) Unicorns” report—has added Gün Akkor as its chief technology officer and Kirk Appelman as executive vice president of sales. The two veteran leaders are joining at a time when connected device manufacturers are struggling to stay on top of increasingly exploitable security flaws inherited from suppliers.

“Even though billions are spent on security every year, it’s an underserved aspect of technology,” said Akkor. “I saw it first-hand as an electrical engineer and firmware developer. Joining Finite State makes the journey full-circle for me and it’s exciting to reach back to those roots and partner with developers to address the most pressing security challenges in a new generation of connected devices.”

Akkor was part of the founding team of Carbon Black, where he led the engineering and product departments, as well as having customer-facing roles through the company’s IPO in 2018 and its eventual acquisition by VMware in 2019. He has a doctorate in Electrical and Computer Engineering and was a lecturer at the University of Maryland at College Park and the University of Pennsylvania.

On the sales team, Appelman will develop connections to new customers using over 20 years of cybersecurity sales leadership experience for companies including Juniper Networks, McAfee, Proofpoint, and EfficientIP.

“The security space has evolved over the course of my career. OT and IoT is the next frontier that needs to be protected,” Appelman said. “I am excited to expand our sales and customer support teams, learning about customers’ journeys, and finding security solutions so we can grow with this thriving market.”

The two new hires represent an evolution in Finite State’s approach to security risks for embedded and connected products and devices.

“Our team has made great strides in illuminating the risks of connected devices and we’ve entered a growth stage where Gün and Kirk will help guide the expansion of our capabilities and success,” said Matt Wyckhouse, founder and CEO of Finite State. “Gün’s impressive engineering and product experience will strengthen our research team to improve our product and solve the most challenging issues our customers face. Kirk has been a cybersecurity sales leader for more than 20 years and his ability to build relationships and deeply understand our customers will lead us to finding new innovations that our customers need.”

About Finite State

Finite State empowers organizations to gain control of product security for their connected devices and supply chains. Backed by a team of seasoned experts, our automated product security platform arms our customers with the actionable insights, critical vulnerability data, and remediation guidance necessary to mitigate product risk and protect the connected attack surface. For more information, visit www.finitestate.io.

Contacts

Matt McLoughlin

Gregory FCA on behalf of Finite State

Phone: 610.996.4264

[email protected]

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