May 7, 2024 at 01:06PM
TXOne Networks, a startup focused on protecting industrial control systems and operational technology, has secured $51 million in new funding from investors in Taiwan. Originally a joint venture between Trend Micro and Moxa, the company has raised a total of $145 million and offers security solutions for various industries globally.
Key takeaways from the meeting notes:
– TXOne Networks, a startup specializing in industrial control systems (ICS) and operational technology (OT) security, secured $51 million in early-stage financing from new investors in Taiwan.
– The company was initially a joint venture between Trend Micro and Moxa in 2018, but it ceased to be so two years ago. However, both companies remain investors in TXOne.
– In addition to the recent funding, TXOne has raised a total of $145 million from various investors, including TGVest Capital, Pegatron Group, CDIB Capital Group, and CDIB-Innolux II L.P.
– New investors in the latest round include the Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P.
– The company offers security gateways, endpoint agents, and network segmentation solutions for securing, controlling, and monitoring equipment and OT.
– TXOne’s technology is currently utilized by over 3,600 organizations globally in various industries.
– The company has also unveiled new cybersecurity products and scored a $70 million Series B investment in the past.
These are the main takeaways from the meeting notes. Let me know if you need more information on any specific point.