The money, which increases the $70 million Series B round that was first disclosed in August 2022, reportedly comes from additional Taiwanese investors, according to Security Week.

Since its founding in 2018 as a joint venture between Trend Micro and Moxa, this Taipei-based business has seen significant change. Both Trend Micro and MOXA continue to invest in TXOne even though their joint venture status ended two years ago.

With contributions from renowned investors as TGVest Capital, Pegatron Group, CDIB Capital Group, and CDIB-Innolux II L.P., TXOne has raised a total of $145 million in capital to far. Notably, AVITIC, a joint venture between Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corporation), has welcomed new investors with Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P. (AVITIC).

TXOne enables enterprises to protect, monitor, and control their hardware and operational technologies. The company specializes in security gateways, endpoint agents, and network segmentation solutions. Its cutting-edge technology is used by over 3,600 organizations worldwide in a wide range of industries, including semiconductors, automotive, pharmaceuticals, food and beverage, utilities, electronics, healthcare, mining and metals, oil and gas, and aerospace.

"This additional investment underscores the growing importance of cybersecurity in industrial settings, and reaffirms our commitment to providing robust solutions for our clients," said William Chang, CEO of TXOne Networks, expressing excitement about the company's trajectory.

With the new funding, TXOne Networks will be able to broaden its market reach, improve the technology it offers, and solidify its leadership in industrial cybersecurity solutions.