Island, described as the pioneer and front-runner in the enterprise browser market, has recently made headlines with a major financial announcement.
The firm has secured a whopping $100m in its Series C funding round. The investment round saw significant participation from Prysm Capital, Canapi Ventures, and a group of Island’s existing venture partners.
Island has a unique selling point, offering a cutting-edge enterprise browser. To date, the company boasts sales of over two million browsers, catering to a diverse clientele, including many within the esteemed Fortune 100 bracket. Island’s solution addresses key challenges like ensuring security for Bring Your Own Device (BYOD) initiatives, contractor access, and remote working scenarios. Moreover, Island isn’t just about security. The platform enhances workforce productivity and ensures a smooth user experience, thanks to its advanced, comprehensive feature set compatible with all devices, operating systems, and application types.
Island intends to channel this new capital infusion to bolster its global reach and significantly upscale investments in research & development, customer success strategies, and geographic expansion, specifically targeting global purchasing hubs.
Prysm Capital Co-Founder & Managing Partner Jay Park stated, “Island is a pioneer and clear leader in what has rapidly become one of the most exciting and high-growth product segments in cybersecurity and IT in years. There is immense market potential across industries for innovating ways in which employees work securely and productively.”
Island CEO and Co-founder Mike Fey expressed, “We are honoured that these amazing new investors, as well as our current investors, have the confidence to join and support us on the next phase of our company journey.”
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