Enterprise browser developer Island has secured $250 million in a Series E funding round led by Coatue, with participation from Insight Partners, Sequoia Capital, and Canapi Ventures. The fresh investment has propelled the company’s valuation to $4.85 billion.
Based in Dallas, Texas, Island enables businesses to develop customized enterprise browsers, granting them full control over their digital work environments. By leveraging tailored browsing solutions, companies can enhance security, application access management, device visibility, and workflow automation.
Founded in 2020, Island operates with a team of 500 employees and currently serves over 450 enterprise clients. The company announced that the new funding will be utilized to accelerate innovation, expand its workforce, and enhance its offerings for customers.
In a statement shared on social media, Island’s team emphasized, “We are still at the beginning of our journey. This investment will help us accelerate our innovation, scale our team, and deliver even greater value to our customers.”
David Schneider, General Partner at Coatue, expressed his enthusiasm for the partnership, stating, “We are excited to continue supporting Island as it scales its vision and brings greater security and productivity to modern workplaces. Island has consistently delivered tremendous value for enterprise leaders and end users alike. With the rapid adoption of AI, Island is helping set a new industry standard for secure enterprise environments.”
Island’s Co-Founder and CEO, Mike Fey, highlighted how their Enterprise Browser solution transforms traditional web browsers into enterprise-ready platforms. Fey stated, “Island enhances productivity, simplifies IT operations, reduces complexity, and integrates security seamlessly.”
He further added, “Organizations of all sizes and industries have made Island a cornerstone of their IT modernization efforts. This new investment will support our product development and talent acquisition, allowing us to scale and meet the evolving IT needs of enterprises worldwide.”
With this latest funding round, Island is expected to further strengthen its position in the enterprise security landscape, offering businesses smarter, safer, and more efficient browsing solutions.
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