Enterprise Browser Startup Island He just raised a large round of financing – one that significantly increases the quote, and lower than a yr after the last collection of money.
The island based in Dallas raised $ 250 million in the E series round led by Coatee, which valued the company at $ 4.85 billion, which The startup announced today. This causes the company’s total funds as much as $ 730 million. Other supporters in this round include Insight, Sequoia and Canapi partners.
The islands are building online browsers for enterprises and are to be safer than traditional industrial search engines like google. They also have universal control of application access, visibility and device management and application automation, among others.
This round of the E series means a significant step up for an almost 5-year-old company. He collected $ 175 million in the round of series D, which valued the company at $ 2.9 billion only 11 months ago, run by Sequoia and Coatue.
At that point, Sequoia Doug Leone told Techcrunch that he was interested in the company immediately because of the island team and a unique proposal of values.
“Two founders, one of whom was the technical founder of Israel – Dan Amiga – and one, who was a very older security director from the USA – Mike Fey – had a vision that if you could possibly produce a browser based on chromium, which looks like a standard browser for a consumer worker in a corporation, but she can be secure, she can be secure, she would stop from bad.
Enterprises also clearly buy a mission because the company has 450 customers, including Mattress corporations, Swiss Life and Fiverr.
TechCrunch contacted the island for more information.