Island, a Dallas, TX-based leader in the enterprise browser market, raised $100m in its Series C financing round, which valued it at $1.5 billion.
The round, which brought the total amount to $325M, was led by Prysm Capital and joined by Canapi Ventures, as well as current funding partners Insight Partners, Stripes, Sequoia, Cyberstarts and Georgian.
The company intends to use the funds to expand operations and its business reach.
Led by CEO Mike Fey, Island is provides a browser for the enterprise workplace, where work flows freely while remaining secure. Island gives organizations complete control, visibility, and governance over the last mile, while delivering the same smooth Chromium-based browser experience users expect, boosting both security and productivity.
To date, Island has sold over 2 million browsers to customers in all major verticals and segments, and has multiple customers ranking in the top 20 of the Fortune 100.
The company also has research and development in Tel Aviv.
FinSMEs
23/10/2023