Island lands $250M in funding at a $4.8B valuation

Enterprise browser startup Island simply raised a large funding spherical — one which bumps up its valuation considerably, and fewer than one 12 months after its final fundraise.

Dallas-based Island raised $250 million in a Collection E spherical led by Coatue that valued the corporate at $4.85 billion, the startup announced today. This brings the corporate’s complete funding to $730 million. Different backers within the spherical embody Perception Companions, Sequoia and Canapi Ventures, amongst others.

Island builds on-line browsers which might be designed for enterprises and are supposed to be safer than conventional industrial engines like google. In addition they have common utility entry management, system visibility and administration, and utility automation, amongst different options.

This Collection E spherical marks a notable step up for the almost five-year-old firm, which raised $175 million in a Series D round that valued the corporate at $2.9 billion simply 11 months in the past co-led by Sequoia and Coatue.

On the time, Sequoia companion Doug Leone instructed TechCrunch that he was drawn to the corporate proper off the bat because of Island’s group and distinctive worth proposition.

“The 2 founders, certainly one of whom was a technical founder out of Israel — Dan Amiga — and one who was a really senior safety government out of the U.S. — Mike Fey — had a imaginative and prescient that when you may produce a browser primarily based on Chromium that appears like a typical browser to the buyer worker in an organization however was safe, it will cease dangerous guys from doing an entire bunch of issues,” Leone instructed TechCrunch on the time.

Enterprises are clearly shopping for into the mission, too, as the corporate now counts 450 clients, amongst them Mattress Agency, Swiss Life and Fiverr.

TechCrunch reached out to Island for extra info.