TXOne Networks raises $51 million in a Series B extension round led by TGVest Capital, with participation from Pegatron Group, CDIB Capital Group, and CDIB-Innolux II L.P.
May 07, 2024•over 1 year ago
Amount Raised
$51 Million
Round Type
series b
Investors
Applied Ventures Itic Innovation Fund, L.P. (Avitic)Taiwania CapitalCdib Innolux Ii L.P.Cdib Capital GroupPegatron GroupTg Vest Capital
Description
TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, has secured $51 million in its Series B extension round of financing. The round was led by TGVest Capital, with participation from Pegatron Group, CDIB Capital Group, and CDIB-Innolux II L.P., as well as new investors Taiwania Capital and Applied Ventures ITIC Innovation Fund, L.P. (AVITIC).
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech