GEC NEWS WIRETerence Liu, CEO and co-founder of TXONE Networks, reflects on the remarkable journey of his company, celebrating five years of exponential growth with a staggering 50-fold increase in revenue
How is the business performing under your leadership as CEO?
The business has been thriving. TXONENetworks is a relatively new company, having celebrated its five-year anniversary this year.
In just five years, our revenue has grown exponentially—by 50 times—indicating a strong demand for our services.
As a cybersecurity firm, we distinguish ourselves from others by focusing not just on office and cloud security but on protecting machines in the age of AI and machine learning. Many manufacturers and critical infrastructure operators are equipping their machines with advanced intelligence, generating vast amounts of data for personal analysis.
This data often needs to be sent to local or remote clouds, which is beneficial for technological advancement. We address the challenges associated with this process.
Participating in this event has been extremely productive, as numerous critical infrastructure operators from the GCC region are in attendance. It provides us with the opportunity to connect with many VIPs, showcase our solutions, and share insights from our experiences worldwide. This exchange allows everyone to learn from each other, particularly in the realm of machine protection.
How are you incorporating AI in your solutions?
That’s an excellent question. When it comes to AI, we need to consider how to handle AI-generated data. The rise of AI is significantly increasing the demand for cybersecurity solutions among manufacturers and critical infrastructure sectors.
Conversely, cybercriminals are also leveraging AI technologies, for instance, to craft more convincing phishing emails aimed at deceiving enterprises and organizations. As cybersecurity vendors, we are also utilizing AI to detect and mitigate these threats. It’s clear that everyone needs to adapt to this evolving landscape.
This situation presents a wealth of opportunities. The protection of IoT devices and shop floor operations has been a prominent topic for the last decade. However, previously, many organizations were hesitant to embrace cybersecurity solutions, particularly in critical infrastructure, due to concerns that these technologies might disrupt their valuable operations.
While they have used various technologies to map asset inventories and assess associated risks, this approach doesn’t fully address the security challenges. To truly protect machines, security must be integrated directly with them.
At this event, we are showcasing our networking and polling solutions designed to secure machines on the shop floor without disrupting operations. Thank you for the opportunity to share our insights. It’s been a pleasure! 4o mini
