Island is led by co-founder and CEO Mike Fey, and co-founder and CTO Dan Amiga (from press release)
Island, an Israeli startup, a unicorn, and a leading Enterprise Browser company, has successfully raised $250 million in its Series E funding round, propelling its valuation to $4.8 billion in less than five years since its founding in 2020.
The latest investment round was led by Coatue Management, with strong participation from existing investors. This milestone brings Island’s total funding to approximately $730 million, solidifying its position as a key player in the enterprise security and browser technology space.
As businesses increasingly prioritize secure and controlled digital environments, Island’s Enterprise Browser continues to gain traction, attracting major investments and accelerating its growth.
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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 upgrades web browsers from a dedicated consumer software package to an enterprise-ready solution, adding value to knowledge workers, IT departments, and security teams. Island improves productivity, simplifies the IT stack, reduces complexity, and embeds security,” said Mike Fey, CEO and Co-founder of Island. “Organizations of all sizes and industries have made Island the cornerstone of their IT modernization initiatives. The new funding will help scale our product development and talent acquisition to meet enterprises’ demanding and evolving IT needs.”
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.
