Island, an enterprise browser startup, secured $175 million in Series D funding led by Coatue and Sequoia Capital, resulting in a doubled valuation of $3 billion. This investment aims to support global expansion into Europe and the Asia-Pacific region, bolster browser-based capabilities, and explore potential acquisitions. Since its emergence in February 2022, Island has received $487 million but spent just $130 million on business infrastructure
The Series D funding will provide resources for global expansion, R&D efforts, and addressing customer demand. With this funding, Island's valuation has doubled in six months, attributable to strong growth, key customer acquisitions, and favorable market conditions. The company plans to increase revenue from outside the U.S. and focus on areas like Germany, Benalux, Australia, Singapore, India, and Japan. Island intends to use native R&D to make the browser resilient in malware-ridden environments, integrate AI for anomaly detection, and enhance user experience., https://www.bankinfosecurity.com/island-gets-175m-series-d-funding-doubles-valuation-to-3b-a-24982