Island Secures $250 Million Funding on $4.8 Billion Valuation
Valuation soars with an increase in valuation of $1.8 billion over the last year
Island emerged out of nothing in 2022 with its security-oriented enterprise browser.
The company was founded in 2020 by cybersecurity veterans Mike Fey and Dan Amiga. Headquartered in Dallas, Texas, it also boasts offices in Tel Aviv and London. Island’s mission is to provide a secure, productivity-enhancing browser for enterprises, addressing the gaps left by consumer-focused browsers. The browser is designed to handle complex IT and security requirements for businesses.
The Island Enterprise Browser is built on the Chromium engine, offering a familiar user experience while embedding enterprise-grade security and governance features. Key capabilities include:
Security and Control: Zero Trust by design, with features like malware blocking, phishing protection, and last-mile controls for data (e.g., copy, paste, download restrictions).
Visibility: Logging browser behavior, capturing screenshots, and integrating with Security Information and Event Management (SIEM) platforms for enterprise-wide visibility.
Productivity: Tools like ad blockers, customizable homepages, and support for Bring Your Own Device (BYOD) policies, ensuring a seamless user experience.
Universal Application Access Control: Ensures secure access to web applications, limiting unauthorized usage.
While this area isn’t oversaturated with products, Microsoft has long dominated it, first with Internet Explorer and now with Edge. Additionally, there are enterprise versions of both Edge and Chrome, the company Surf Security also offers a full browser solution.
The tech industry, particularly the cybersecurity sector, is witnessing significant growth, with startups like Island gaining prominence. The company announced on its website on March 26, 2025, that it secured $250 million in Series E funding at a $4.8 billion valuation. This rapid increase from its initial $1.3 billion valuation shows that investors have confidence in the product and company.