Enterprise Browser Startup Island Raised only a huge funding – one that dropped its appreciation, and less than one year after its final funding.
Dallas -based island raised $ 250 million in a series E round chaired by coatue worth the company for $ 4.85 billion, the Startup is announced today. It brings the company's total funding to $ 730 million. Other supporters of the cycle include Insight, Sequoia, and Canapi Ventures partners, among others.
Island is building online browsers designed for businesses and meant to be safer than traditional commercial search engines. They also have universal control control, visibility and device management, and application automation, among other features.
This E Round series marks a well -known step for the nearly 5 year old company. This Raised $ 175 million in a series D Round That appreciated the company for $ 2.9 billion 11 months ago, led by Sequoia and Coatue.
At this time, Sequoia partner Doug Leone told Techcrunch that he was attracted to the company himself in BAT because of the island team and the unique value of the proposal.
“The two founders, one of them is a technical founder who is not in Israel – Dan Amiga – and one that is a very venorative executive executive outside the US – Mike Fey – has a vision that if you can create a browser based on Chromium that looks like a browser standard with a consumer employee of a consumer but it is a whole bunch of people but it is hard of things, “Leone said in time.
Businesses are clearly buying the mission, as the company now counts 450 customers, among them the mattress firm, Swiss life, and fiverr.
Techcrunch reached the island for more information.
