(Bloomberg) – Enterprise Software and Security Startup Island Technology Inc. raises money at $ 4.5 billion worth in a circle led by the Coatee Management Investment Company, according to people who are familiar with this issue.
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The agreement shows that risky capital companies are still optimistic about the startup Cyber -Safe, even if artificial intelligence contracts attract most of the attention of VC. Last year, Cyber companies raised $ 9.5 billion, which is more than 10% compared to 2023, according to Cybersecurity Recruitment Firm Pinpoint Search Group.
Representatives of the island and the coat did not comment on the agreement.
The island, which has offices in Dallas and Tel Aviv, makes safe internet browsers for companies. The product was launched in 2022. The company has previously raised nearly $ 500 million from investors, including Sequoia Capital, Insight Partners and Israeli VC Cyberstarts. He last raised money in early 2024, with an estimate of a value of $ 3 billion.
Startup is led by Mike Fey CEO, former McAfee Executive Director, and Chief Technology Director Dan Amiga, former Vice President of Engineering at Symantec Corp.
The island offers security and productivity features within its browser adapted to companies. Its customers include hotel chains, banks, merchants and small businesses.
(List of investors updates in the fourth item.)
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