TXOne Networks, whose U.S. headquarters is in Irving, announced it has secured $51 million in its Series B extension financing round.

The Taiwanese company, a leader in cyber-physical systems, said that in addition to TGVest Capital—the lead investor of its B round—Pegatron Group, CDIB Capital Group, and CDIB-Innolux II LP are continuing to invest. New investors include the Taiwania Capital and Applied Ventures ITIC Innovation Fund LP, a joint fund of Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corporation).

“The successful procurement of $51 million in this extension round marks a significant achievement for the company and underscores the confidence and trust of our investors in TXOne Networks’ vision and potential,” CEO Terence Liu said in a statement.

TXOne Networks completed its Series A financing in August 2021 and announced $70 million in Series B financing in August 2022.

TXOne Networks said it works with both leading manufacturers and critical infrastructure operators to develop practical, operations-friendly approaches to cyber defense of industrial control systems and operational technology environments.

“We’re impressed that the ‘OT Zero Trust’ approach that TXOne Networks pioneered goes beyond the limitations of traditional cyber defense to safeguard operations and revenues, as well as its continuous efforts to streamline management, reduce security overhead and more quickly resolve challenges,” DC Cheng, chairman with TGVest Capital, said in a statement. “This makes TXOne Networks a unique player in the global cybersecurity landscape, and we are happy to partner with the company for its continuous future growth.”

Advanced threat detection and response

TXOne Networks helps companies in diverse OT verticals implement tailored defense, including the adoption of advanced threat detection and response measures, to effectively counter ransomware and other emergent strategic threats and protect assets for their entire lifecycle, the firm said.

TXOne Networks said it secures the operations of more than 3,600 organizations around the world in industries including semiconductors, automotive, pharmaceutical, food and beverage, public transportation, utilities, electronics, healthcare, mining and metals, oil and gas, and aerospace.

In April, TXOne Networks announced its latest innovative CPS protection platform, the SageOne central management console.

The company said its new platform delivers management of the CPS attack surface across the OT environment, combines advanced technologies with a user-friendly interface for securing critical infrastructures, and enables integrated lifecycle protection.

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