Island, a Dallas, TX-based enterprise browser company, received an investment from EDBI in Series D funding.
The amount of the deal was not disclosed.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Mike Fey, Island has created an enterprise browser, embedding advanced security, IT and network controls, data protections, and application access into the browsing experience users expect. Its enterprise security and software technology experts are improving work for dynamic enterprises.
Its Enterprise Browser is a workspace enabling organizations to deliver applications to their audiences with a familiar browsing experience. As users easily work within their applications, it can keep users and any enterprise data they encounter while they work safe at the very point where they interact with SaaS and internal applications.
The Series D round, which valued Island at $3 Billion, was led by Coatue Management and Sequoia Capital, and also included strategic investors Capital One Ventures and Citi Ventures.
FinSMEs
12/11/2024