Island, a Dallas, TX-based company which specializes in enterprise browsers, raised $175M in Growth funding.
The round, which btought Island’s valuation to $3 Billion, was led by Coatue and existing investor Sequoia Capital, with additional funding from other existing investors.
The company intends to use the funds to expand operations and development efforts.
Island created an enterprise browser embedding advanced security, IT and network controls, data protections and application access into the browsing experience users expect. Using the Island Enterprise Browser, security teams control the last mile, 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. This enables a growing number of enterprise use cases, including securing critical SaaS and internal web applications from data leakage, safe access for contractors and BYOD workers, and full governance over privileged user accounts. It also delivers a native user experience for hybrid workers while supporting built-in safe browsing, web filtering, web isolation, exploit prevention, and zero-trust network access at lower cost.
The company has R&D in research and development in Tel Aviv, Israel.
FinSMEs
30/04/2024