Island Raises $250M in Series E; Valued Nearly $5 Billion
Summary
Island, a Dallas, Texas-based company that developed Enterprise Browser, an enterprise workspace for CIOs, CISOs, and end users, has raised $250 million in Series E, at a $5 billion valuation. The round was led by Coatue Management with participation from existing investors. The company intends to use the funds to expand its product development and talent acquisition efforts. Enterprises are using the Enterprise Browser to deliver secure access to SaaS and web apps, enable zero-trust network access, make BYOD viable, onboard contractors in minutes not weeks, support smooth M&A transitions, reduce reliance on virtual desktop infrastructure (VDI), and transform how work gets done. The company is based in Dallas with research and development led from Tel Aviv.