-- Significant financing fosters substantial growth in the highly anticipated 
industrial cybersecurity market

TXOne Networks [ https://www.txone-networks.com/en-global ], 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.

Photo-https://mma.prnewswire.com/media/1596318/Dr_Terence_Liu_TXOne_Networks.jpg

Photo- https://mma.prnewswire.com/media/1596319/TXOne_Networks.jpg

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." 

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

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 


SOURCE: TXOne Networks