Island Raises Additional USD60M in Series B; Valued at $1.3 Billion

Island

Island, a Dallas, TX-based an Enterprise Browser company, raised additional USD60M in Series B funding at a reaffirmed $1.3 Billion.

The round was led by Georgian. The investment extends Island’s previously announced Series B financing round, led by existing investor Insight Partners, with participation from Stripes and Sequoia, as well as strategic investor Cisco Investments.

The company intends to use the funds to further expand operations and its business reach.

Led by CEO Mike Fey, Island provides an enterprise browser which gives organizations control, visibility, and governance, while delivering the same Chromium-based browser experience users expect.

The Island Enterprise Browser is a desktop that enables organizations to protect users and data at the very point where they interact with SaaS and internal web applications. Using it, security teams fully control from basic protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as data redaction, watermarking and multi-factor authentication insertion.

FinSMEs

10/11/2022