Israeli Cybersecurity Firm Island Raises $250M at $5B Valuation
Israeli cybersecurity firm Island, creator of the enterprise browser, raised $250M in Series E funding at a $5B valuation. Backers include J.P. Morgan, Coatue, Sequoia, and Insight Partners.
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Island, an Israeli cybersecurity company pioneering the enterprise browser category, secured $250 million in a Series E funding round in March, valuing the company at approximately $5 billion. J.P. Morgan Growth Equity Partners joined as a strategic investor, alongside lead investor Coatue Management and existing backers Sequoia, Insight Partners, and Cyberstarts.
Founded by Dan Amiga and Mike Fey, Island’s browser solution, used by over 450 organizations including eight of the top 10 U.S. banks, enhances productivity, IT control, and security. The company, based in Tel Aviv and Dallas, employs 500 people, with 200 in its Israeli R&D center. Since exiting stealth mode in 2022, Island’s annual revenue growth has more than doubled, attracting clients across finance, aviation, hospitality, media, healthcare, and retail, as reported by ICE News today.
Perez Hayman of J.P. Morgan Growth Equity Partners highlighted cybersecurity’s priority for major organizations, noting Island’s alignment with their investment strategy. Amiga, Island’s CTO, emphasized the vote of confidence from major global banks adopting their technology.
Island has raised $730 million to date. Amiga also co-founded Picture Capital, a venture fund supporting Israeli tech firms’ global expansion.