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Island lands $250M in funding at a $4.8B valuation: https://t.co/EVuqmEMdgP by TechCrunch #infosec #cybersecurity #technology #news
About a week after Alphabet announced its intention to buy cloud security unicorn @wiz_io for $32B, investors poured cash into another cyber firm. Dallas-based enterprise browser developer Island raised a $250M Series E at a $4.8B valuation. https://t.co/biED2ydLNu
Island, which offers a Chromium-based secure enterprise browser, raised a $250M Series E led by Coatue at a $4.8B valuation, taking its total funding to ~$730M (@kytsune / SiliconANGLE) https://t.co/xJq8PkA6Ed https://t.co/5yZAO80ZVr https://t.co/ZOzeer1FAj
Island, a Dallas-based developer of a secure enterprise browser, has successfully raised $250 million in a Series E funding round led by Coatue Management. This latest investment elevates the company's valuation to approximately $4.8 billion and brings its total funding to around $730 million. The funding comes shortly after Alphabet's announcement of its intent to acquire cloud security firm Wiz for $32 billion, indicating a robust interest in cybersecurity and related technologies. The Series E round highlights the growing demand for secure browsing solutions in the enterprise sector.
