Enterprise Web Browser Island Raises $115M Series B at Unicorn Valuation

Valued at $1.3 billion, Island secured its latest funding after launching from stealth back in February.

Written by Ashley Bowden
Published on Mar. 23, 2022
Enterprise Web Browser Island Raises $115M Series B at Unicorn Valuation
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Mike Fey and Dan Amiga, co-founders of Island. | Photo: Island

Over the past couple of years, businesses have explored multitudes of ways to optimize their day-to-day operations in a digital world. Finding ways to keep their internal systems protected against cyber threats and maintain employee productivity are only a small portion of the challenges companies have had to solve. Dallas-based Island created a solution that works to help enterprises tackle these matters and more, and it just raised new capital to further its work.

Island works to provide users with a web browser that encapsulates the core needs of an enterprise into the browser itself. The company raised a Series B round led by Insight Partners at a valuation of $1.3 billion. Funded by other participants including Stripes and Sequoia Capital, Island’s total venture capital raised to date exceeds $200 million. 

“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,” Mike Fey, CEO and co-founder of Island, said in a statement. “The enthusiasm from our customers and the IT community has been extraordinary.”

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The company’s browser solution enables security teams to make personalized decisions, such as controlling whether cut or copy functions are available and managing browser extension permissions. It also encompasses tools for workflow enforcement, policy-based storage, network tagging and more. Meant to deliver a native UX for the hybrid worker, the browser is built on Chromium, meaning it looks and operates similarly to mainstream browsers like Google Chrome and Microsoft Edge.

“When we set out to build the enterprise browser, we aimed to deliver tremendous value to security professionals from day one,” Dan Amiga, Island’s CTO and co-founder, said in a statement. “And it's exciting to see that we’re already accomplishing that. But what we’re noticing now is the huge opportunity to solve previously insurmountable problems not only in the security space, but across productivity and IT as well. This new funding ensures we will be able to harness even more of this amazing potential.”

The new funding comes on the heels of Island’s launch from stealth at the beginning of February. Island plans to put the growth capital toward accelerating its business momentum. In the midst of these efforts, the company is currently hiring “in all directions,” according to its website, including across departments like engineering, product, sales and marketing.

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MarketAxess
Fintech • Information Technology • Financial Services
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