Enterprise Browser Startup Island has raised a considerable round of funding. This is less than a year since its last fundraising, with a significant increase in its rating.
Dallas-based Island raised $250 million in the Series E round led by Coatue, valued the company at $4.855 billion, the startup announced today. This will bring the company’s total capital to $730 million. Other supporters for the round include Insight Partners, Sequoia, and Canapi Ventures.
Island is designed for businesses and builds an online browser that is designed to be safer than traditional commercial search engines. Other features include universal application access control, device visibility and management, and application automation.
This Series E round is a notable step up for the company almost five years ago. It raised $175 million in the Series D round, which valued the company at $2.9 billion just 11 months ago, co-led by Sequoia and Cotue.
At the time, Sequoia partner Doug Leone told TechCrunch that he was immediately drawn to the company due to the island’s team and unique value proposition.
“The two founders (Dan Amiga), the technical founders of Israel and Mike Faye, a very senior security executive in the US, had the vision that they could stop Tech Crunch’s bunch of them because it would have been safe if they could create a browser based on chrome, which looks like the standard browser for corporate consumer employees.
The company is clearly on the mission as it currently counts 450 customers among its mattress company, Swiss Life and Fiverr.
TechCrunch contacted the island for more details.
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