Start of the business browser Island I just increased a considerable financing round, one that increases its assessment significantly and less than a year after its last fundraising.
Island based in Dallas raised $ 250 million in a round of the E series directed by Coatue that valued the company at $ 4.85 billion, the Startup announced today. This leads to the total financing of the company to $ 730 million. Other sponsors in the round include Insight Partners, Sequoia and Canapi Ventures, among others.
Island builds online browsers that are designed for companies and are destined to be safer than traditional commercial search engines. They also have universal access control, visibility and device administration, and application automation, among other features.
This series E marks a remarkable step for the company of almost five years, which raised $ 175 million in a round of the D series that valued the company at $ 2.9 billion only 11 months ago, led co-lided by Sequoia and Coatue.
At that time, Sequoia’s partner, Doug Leone, told TechCrunch that he was attracted to the company immediately due to the island’s team and a unique value proposal.
“The two founders, one of whom was a technical founder of Israel, Dan Friend, and one who was a very senior security executive of the United States, Mike Fey, had the vision that if he could produce a chromium -based browser that looks like a standard browser for the consumer employee in a corporation but it would stop doing a little what to do a bunch of things.”
Companies are also clearly buying the mission, since the company now has 450 customers, including mattress firm, the Switzerland and Fiverr.
Techcrunch contacted the island for more information.
