Summary:
Island secures tens of millions from J.P. Morgan at a $4.8B valuation
Founded by Mike Fey and Dan Amiga, the company has raised $750M+ to date
Operates from Tel Aviv and Dallas with 500+ employees and 450 customers
Enterprise Browser offers advanced security and productivity features
Founders launch Picture, a new cyber-focused investment fund
Island's Meteoric Rise in Cybersecurity
Island, a cybersecurity startup specializing in secure enterprise browsers, has recently secured tens of millions in investment from J.P. Morgan, further cementing its $4.8 billion valuation. This investment is part of a $250 million Series E round led by Coatue in March 2024, showcasing the growing demand for advanced cybersecurity solutions.
A Track Record of Success
Founded by CEO Mike Fey and CTO Dan Amiga, Island has raised over $750 million to date. Notable funding rounds include a $175 million Series D in April 2024 and a $100 million Series C in October 2023, which doubled and quadrupled its valuation, respectively. Backed by major investors like Sequoia Capital and Insight Partners, Island's growth trajectory is nothing short of impressive.
Island founders. (Antonio Delucci)
Expanding Footprint and Innovation
Operating from Tel Aviv and Dallas, Island employs over 500 people, with a significant R&D presence in Israel. Since its stealth mode exit in February 2022, the company has onboarded 450 customers, including numerous Fortune 100 companies, and has seen its annual recurring revenue double each year.
The Island Enterprise Browser
Island's flagship product, the Enterprise Browser, offers organizations advanced security, IT controls, data protections, and productivity features. It enables security teams to govern the "last mile" of work with features like restricted copy/paste, data redaction, watermarking, and enforced multi-factor authentication.
Founders' Cybersecurity Legacy
Both founders bring deep industry expertise. Fey previously held leadership roles at Symantec and McAfee, while Amiga, a serial entrepreneur, founded Fireglass, acquired by Symantec for $250 million. Their collaboration has birthed several successful cyber startups, including Axis Security and Cycode.
Launching Picture: A New Cyber Investment Fund
In addition to Island's growth, the founders have partnered with Mickey Boodaei and Rakesh Loonkar of Transmit Security to launch Picture, a new cyber-focused investment fund.
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