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Enterprise Browser Startup Island Snags Massive Funding Round

An early-stage startup building a security-themed enterprise browser has raised $115 million at a $1.3 billion valuation, becoming a cybersecurity unicorn less than two months after emerging from stealth with $100 million in funding.

An early-stage startup building a security-themed enterprise browser has raised $115 million at a $1.3 billion valuation, becoming a cybersecurity unicorn less than two months after emerging from stealth with $100 million in funding.

The Dallas, Texas-based company, called Island, announced the Series B round with the billion-dollar valuation and backing from a slew of prominent venture capital firms.

The new investment round was led by Insight Partners, with additional funding from Sequoia Capital and Stripes. All three firms participated in Island’s Series A investment.

In February, Island introduced Enterprise Browser, a product that aims to bring together all necessary user and data protections, to provide customers with complete visibility, governance, and last-mile control.

The Chrome-based solution promises protections against data exfiltration (including data copy, transfer, and screenshot capture), along with more advanced capabilities, such as multi factor authentication insertion and smart network routing.

[ READ: 2021 Record Year for Cybersecurity M&A, Financing ]

Island claims its technology can secure critical SaaS and internal web applications, while providing safe access to enterprise resources for both contractors and BYOD workers.

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The Enterprise Browser, the company says, offers safe browsing, exploit prevention, web filtering and isolation, and Zero Trust network access.

“Island has created a whole new way of thinking about enterprise work. By fundamentally transforming the work environment to be secure-by-design, the Island Enterprise Browser enables organizations to achieve entirely new levels of security, productivity, and IT efficiency,” said Mike Fey, Island CEO and co-founder.

Related: Compliance Startup Trustero Banks $8 Million Investment

Related: Application Security Firm ForAllSecure Raises $21 Million

Related: Todyl Banks $28M Series A Investment

Related: Hackuity Emerges From Stealth With $13 Million in Funding

Written By

Ionut Arghire is an international correspondent for SecurityWeek.

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