Island, which has built an enterprise browser that boosts online security and compliance, has closed a $60m extension to its Series B round.
Georgian served as the lead investor to the round, which values the company at $1.3bn. Alongside funding, Georgian is providing Island with its expertise in deep data science to further accelerate the security and productivity functionality of the Island Enterprise Browser.
This investment comes shortly after Island closed its initial Series B round on $115m. The investment was led by Insight Partners, with participation from Stripes and Sequoia.
This new capital injection will help Island reaffirm its mission to redefine the role of the browser for enterprises.
Island Enterprise Browser allows organisations to protect users and data at the very point where they interact with SaaS and internal web applications.
Through the browser, security teams fully control the last mile, from basic protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as data redaction, watermarking and multi-factor authentication insertion.
Through this, teams can prevent data leakage, safe access for contractors and BYOD workers, and full governance over privileged user accounts.
Georgian lead investor Steve Leightell said, “The Island Enterprise Browser is helping some of the world’s largest companies improve both enterprise security and user experience. Island is leading one of the biggest enterprise software replacement cycles that we’ve seen. Their experienced team is uniquely built to ensure Island becomes the enterprise browser of choice. We’re thrilled to be on the journey with them.”
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