Island Raises $115 Million at $1.3 Billion Valuation

Island is a cybersecurity startup that provides enterprises with a secure web browser. Island is a workspace that gives organizations complete visibility, governance, and control over the last mile, at the same time keeping workflow as secure and as smooth as Chromium-based browser users can expect.

The funding round was led by Insight Partners. Stripes and Sequoia Capital also took part in the round. The funding raised will be used for operations expansion and its business reach, as well as continue hiring in all directions, including product, sales, marketing, and engineering. This round led Island to the unicorn club. “Island is in a position to significantly change the industry, and this capital infusion will help drive continued leadership and innovation in the emerging Enterprise Browser category,” Jeff Horing, Insight Partners.

Island, Dallas, the USA, was founded by Dan Amiga, Michael Fey in 2020. Michael Fey, CEO of the company, previously was COO at Symantec and GM and CTO of McAfee. Dan Amiga, Island’s CTO, is a founder of Fireglass, and inventor of web isolation technology. “But what we’re noticing now is the huge opportunity to solve previously insurmountable problems not only in the security space but across productivity and IT as well,” Dan Amiga. The Island’s solution lets the security team make personalized decisions and manage browser extension permissions. Moreover, it also includes workflow enforcement tools, network tagging, policy-based storage, etc.

Previous Post

Glia Raises $45 Million at over $1 Billion Valuation

Next Post

Pine Labs Raises $50 Million at $5 Billion Valuation

Related Posts