2021. augusztus 19., csütörtök 08:45 |
Industrial cybersecurity startup TXOne Networks secures $12.9M in "Series A" round of investment - Significant financing fosters substantial growth in the highly anticipated industrial cybersecurity market (1. rész) |
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Taipei, 19 August, 2021 (APA/OTS) - TXOne Networks, a global leader in Industrial IoT (IIoT) security, announced today that it has completed its "Series A" financing. This round was led by JAFCO Asia Investment, Jade Stone Jinghua Limited Partnership Fund, and a number of other well-known investors. TXOne Networks received an investment of $12.9 million this round, and in total has received $23.7 million in investments since its founding. The funds raised will be used to refine TXOne's highly adaptable Industrial Control System (ICS) security products, to expand its business in certain regions, and to strengthen marketing and after-sales service teams. Long-term, TXOne will continue to place its focus on simplifying the complex and fast-changing cybersecurity issues that are troublesome for organizations at various phases of digital transformation and perfecting the defense solutions necessary for the digital transformation of the ICS industry. |
TXOne Networks, a joint venture of Trend Micro, a global leader in
information security solutions, and Moxa, a global leader in
industrial infrastructure, has rapidly become one of the world's
foremost industrial cybersecurity brands - in part thanks to the
recognition of recently-won international awards. Dr. Terence Liu,
CEO of TXOne Networks, explains: "TXOne Networks has been recognized
by industrial customers since its founding, and we have experienced
substantial growth since then. I am very pleased that we have
completed this Series A round of investments with a good result and
the trust of our investors. The successful completion of this
fundraising is of great significance to us, and to setting up the
next stage of TXOne Networks' development."
Yoshiyuki Shibusawa, President and Chief Executive Officer of JAFCO
Asia, a Japanese venture capital group, adds: "Deploying security
measures in Operational Technology (OT) such as in industrial
control systems is becoming increasingly important and urgent. Cyber
threats to such targets are growing at alarming rates and pose
social risks that can no longer be overlooked. This is why getting
to know TXOne Networks, who are in the midst of this remarkable
problem-solving, has been very exciting for us. With the respectable
team led by Dr. Liu, together we will do our best to tackle this
critical theme."
Eva Chen, CEO and co-founder of TXOne Networks' mother company
TrendMicro, concludes: "We live in a connected world; the present
danger to cybersecurity is very clear. Security is Trend Micro's
entire focus, and the Industrial Control System (ICS) is no
exception. I am so glad to see our mission of securing the world can
extend through TXOne Networks to inspire innovations that can keep
up with attackers, especially in the face of threats evolving to
target diverse ICS verticals."
Recommendations for the post-pandemic cyber threat landscape While the global response to the COVID-19 pandemic accelerated the
digital transformation and the push into Industry 4.0, it also
brought new challenges to the manufacturing industry. The boundaries
between IT and OT have become blurred, and the number of available
attack surfaces - starting points for hackers' attacks - has
expanded exponentially. Securing Industrial Internet of Things
technology is a major challenge for manufacturing operations due to
the unique needs of the industrial control environment. OT assets
are critical to productivity, and any interference with them
represents a serious problem. For this reason, it is difficult for
companies to find cybersecurity solutions that ensure the safety of
equipment while supporting the smooth operation of work site
equipment. Many companies want to know how to think about
cybersecurity in light of the major changes brought about by the
pandemic.
According to TXOne Networks CEO Dr. Terence Liu: "The pandemic has
forced everyone to stop and look at the digital transformation from
a new perspective, and it has revealed various management challenges
that may expose companies to cybersecurity risk. I think companies
should first face up to the fact that the industrial network
environment has inherent security risks, and proactively work to
understand and examine those risks. Secondly, it's important to
study the vulnerabilities in the system and formulate a protection
strategy that meets the unique requirements of the OT environment:
security must not impact performance or interrupt operations, and
must include solutions that work for any environment. Finally,
action must be taken to coordinate cybersecurity endeavors with the
different stages of digital transformation. Only in this way can
risks be minimized, mission-critical equipment be protected, and
operational interruptions and loss of invaluable data be avoided."
(folyt.)
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2021. augusztus 19., csütörtök 08:45 |
Industrial cybersecurity startup TXOne Networks secures $12.9M in "Series A" round of investment - Significant financing fosters substantial growth in the highly anticipated industrial cybersecurity market (2. rész) |
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Taipei, 19. August, 2021 (APA/OTS) - |
Industrial control system security becomes a new frontier Since the COVID-19 pandemic fast-tracked the digital
transformation, industrial control system security has become a new
frontier in the market and has entered a phase of rapid growth.
TXOne Networks is on track to continue its performance of more than
100% growth for three consecutive years. With this investment of
$12.9 million, the leading global Industrial IoT security brand has
set a new milestone at the completion of its Series A round of
fundraising. The company has gathered momentum from both the
cybersecurity and industrial automation veterans, bringing excellent
technology and services to customers all over the world. TXOne will
continue to respond to new threats to the OT environment and support
successful digital transformation by combining accumulated
operational expertise with AI technology to provide solutions
customized to industrial environments and the Industrial Internet of
Things.
About TXOne Networks TXOne Networks, a subsidiary company of Trend Micro, offers
cybersecurity solutions tailored to the protection of industrial
control systems, ensuring reliability and safety from cyberattacks. https://www.txone-networks.com
Picture is available at AP Images (http://www.apimages.com)
Media Contacts: TXOne Networks, Lynette Lee / 0936-886-218 /
lynette_lee@trendmicro.com GlobalCom Networks, Martin Uffmann / 0049 89 360 363 41 /
martin@gcpr.net
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