TLDR:
- TXOne Networks raised $51M in Series B extension funding.
- The company focuses on cybersecurity for industrial control systems.
TXOne Networks, a leader in Cyber-Physical Systems security, recently raised $51 million in a Series B extension round of financing. The funding was led by TGVest Capital, with continued investments from Pegatron Group, CDIB Capital Group, and CDIB-Innolux II L.P. New investors, including Taiwania Capital and Applied Ventures ITIC Innovation Fund, also contributed to the funding. The company, led by CEO Dr. Terence Liu, specializes in developing practical approaches to cyber defense for industrial control systems and operational technology environments. They work with manufacturers and critical infrastructure operators in various industries to implement tailored defense strategies, including advanced threat detection and response measures, to protect against emerging threats like ransomware.
TXOne Networks currently secures operations for over 3,600 organizations globally across industries such as semiconductors, automotive, pharmaceuticals, food and beverage, public transportation, utilities, healthcare, and more. In April 2024, the company unveiled its latest CPS protection platform, the SageOne central management console. This innovative platform allows for the management of the CPS attack surface in OT environments, combining advanced technologies with a user-friendly interface to ensure the security of critical infrastructures and provide integrated lifecycle protection.
