Island, a Dallas, TX-based Enterprise Browser provider, raised $115m in its Series B financing round at a $1.3 billion valuation.
The round, which brings total funds raised to over $200m, was led by Insight Partners, with participation from existing investors Stripes and Sequoia Capital.
The company intends to use the funds to expand operations and its business reach.
This round follows Island’s emergence from stealth on Feb. 1 when it introduced the world’s first Enterprise Browser. By building the core needs of the enterprise into the browser itself, the Island Enterprise Browser provides organizations with complete visibility and last-mile control, producing unprecedented improvements in security, IT, and productivity, all while delivering the same Chromium-based experience end-users expect.
Led by Mike Fey, CEO and Co-founder, and Dan Amiga, co-founder and CTO, Island provides an Enterprise Browser, which enables organizations to protect users and data at the very point where they interact with SaaS and internal web applications. By using the Island Enterprise Browser, security teams can fully control the last mile, from basic exfiltration protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as smart network routing and multi factor authentication insertion.
The company has research and development in Tel Aviv.
FinSMEs
23/03/2022