Browser Startup Island Valued at $4.5 Billion in Coatue-Led Round

(Bloomberg) – Enterprise Software and Security Launches Island Technology Inc. collects $ 4.5 billion in an estimate of the investment company.

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The transaction shows that venture capital firms are still optimistic about the new cyber security, even as artificial intelligence transactions, most of the VC attention. Last year, cyber companies amounted to $ 9.5 billion, by almost 10%, according to CyberCurance recruiting firm Pinpoint.

The island and coverage representatives did not comment on the transaction.

The island, which has offices in Dallas and Tel Aviv, provides secure internet browsers for business. The product was launched in 2022. The last time it was raised in the early 2024 evaluation of $ 3 billion.

The beginner is headed by Chief Executive Director Mike Fey, former executive reputation, and CEO Dan Amiga, former Symantec Corp Deputy Chairman Dan Amiga.

ISLAND offers security and productivity features within its browser, which are adapted to enterprises. Its customers include hotel chaets, banks, retail and small businesses.

(Refreshes the list of investors in the fourth paragraph).

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