Security News

TXOne Networks enters into definitive agreements in connection with its series B financing

TXOne Networks, a pioneer in industrial Internet of Things (IIoT) security, announces that it has entered into definitive agreements in connection with its series B financing with total investment proceeds of $70 million.
The latest capital injection will be used to expand TXOne Networks’ global presence and defend industry verticals worldwide against complex and volatile cybersecurity threats to industrial control systems (ICS).
Damaging assets worldwide
The new funding round was led by TGVest Capital ($20 million), with participation from KAiA Capital, CDIB Capital Group, CDIB-Innolux L.P., MediaTek, Ta Ya Electric Wire & Cable, Ta Ya Venture Capital, Simplo Technology Group, CHT Security Corporation and Ash Tower Limited, as well as Steven Pan, Silks Hotel Group Chair, and Chun-I Wu, TAYIH Group Chair.
TXOne Networks completed its Series A financing in August 2021
TXOne Networks completed its Series A financing in August 2021, and lead investors in that round—…