Island Receives Investment from Cisco Investments

Island, a Dallas, TX-based enterprise browser market leader, received an investment from Cisco Investments.

The amount of the deal was not disclosed.

Led by Mike Fey, co-founder and CEO, Island has created an Enterprise Browser that provides organizations with complete control over the last mile of user interaction with Software-as-a-Service (SaaS) and web applications to enable a stronger security posture, while improving productivity for users and their supporting IT and security functions. By using the Island Enterprise Browser, security teams fully control the last mile of connection to employees, 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. These functionalities create opportunities across a growing number of enterprise use cases, including securing critical SaaS and internal web applications from data leakage, safe access for contractors and BYOD workers, and full governance over privileged user accounts. It also delivers a native user experience for the hybrid worker in contrast to costly and poor-performing virtual desktop infrastructure (VDI), while supporting built-in safe browsing, web filtering, web isolation, exploit prevention, and Zero Trust network access at much lower costs.

The investment from Cisco Investments supplements Island’s recent $115M Series B funding round. The round was led by insiders Insight Partners with additional investments from Stripes and Sequoia, bringing Island’s total funds raised to more than $200 million and pushing the company’s valuation over $1.3B.

Island is based in Dallas with research and development in Tel Aviv.

FinSMEs

28/07/2022

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