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 a unicorn that created the Enterprise Browser, is soaring to new heights, securing fresh funding at a staggering $4.5 billion valuation. Spearheaded by investment powerhouse Coatue Management, this latest round marks a bold endorsement of the company’s vision, according to sources with knowledge of the deal.
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.
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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.
The Island Enterprise Browser reimagines how work can be managed in the enterprise, where everything the enterprise needs – advanced security, IT and network controls, data protections, application access and advanced productivity features – is naturally embedded into the browsing experience users expect. The benefits are significant for business leaders, IT security leaders and end users alike – providing secure access and enhanced productivity via any device, any location and any network, while significantly reducing software and operational costs.
“Enterprises require advanced security and productivity features that consumer browsers were never built to deliver,” said Island Security CEO Michael Fey, last May when the firm hit a $3 billion valuation. “We knew this would address critical pain points, but we’ve been thrilled at how quickly customers have adopted Island at scale – from major hotel chains and leading banks to national retailers and smaller enterprises. We’re fortunate to have these dynamic companies as our design partners, and this new funding will enable us to invest more in R&D and customer success globally.”
