Island Technology Inc. Raises $175M in Funding, Valuation Hits $3B

Island Technology Inc., a developer of secure enterprise browsers, has secured $175 million in late-stage funding, doubling its valuation to $3 billion. The funding round was led by Coatue and Sequoia Capital, with plans to enhance research and development efforts for their enterprise browser. Island's innovative approach embeds advanced security features directly into the browser, providing a secure browsing experience for enterprise users. The company's focus on security and productivity has attracted major clients across various industries, showcasing the potential for growth and innovation in the cybersecurity sector.