Island is led by co-founder and CEO Mike Fey, and co-founder and CTO Dan Amiga (from press release)
Island Security, an Israeli startup and unicorn that created the Enterprise Browser, raised $100 million in its Series C financing round. The company has now raised more than $325 million and has hit a valuation of $1.5 billion. Meanwhile, the new venture capital firm 1948 Ventures announced its launching, in spite of the ongoing Swords of Iron War in Gaza.
Established by US-Israel Business Alliance President Aaron Kaplowitz, 1948 Ventures was established in an effort to reaffirm Israel’s position as a tech powerhouse. It will invest in the early stage of companies founded by Israelis and focuses on dual-use technology, with military and civilian applications.
“The country is hurting and there is a cloud of sadness among Israelis,” Aaron Kaplowitz told Calcalist.
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Island Security was founded in September 2020 by serial entrepreneur CTO Dan Amiga, and CEO Michael Fey, who previously served as President of Symantec and Blue Coat Systems which was acquired by Symantec for $4.5 billion. Fey is also former GM and CTO of McAfee.
The firm hit unicorn status in March 2022 with a $110 million Series B investment round which later went up to $175 million.
The Enterprise Browser, boasts Island Security, is the desktop of the future, enabling 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.
Island is built on Chromium – the same open source project that powers Chrome, Edge, and most other mainstream browsers.
Island co-founder and CEO Mike Fey said “This capital infusion will accelerate our ability to scale globally and continue to aggressively invest in R&D, customer success and geographic expansion to cover the major global buying centers.”
