Cybersecurity startup Island raises ~$100 million

Dallas-based cybersecurity business Island has officially emerged from stealth with nearly $100 million in funding from early-stage investors including Insight Partners, Sequoia Capital, Cyberstarts, and Stripes. It has also hired over 100 employees.

Island develops an enterprise browser that is built on Chromium, the same open-source project that powers Chrome, Edge, and other mainstream browsers. It is meant for organizations to govern how users interact with all SaaS and internal web applications. “Through the use of the Island Enterprise Browser, security teams can fully control last-mile actions from advanced security demands to more basic data exfiltration protections such as copy, paste, download, upload, screenshots and other activities that might expose critical data.”

“The browser is the office where today’s hybrid workforce lives. We have engineered the Enterprise Browser to be the platform for the future of their work. It begins by redefining how an organization secures its work but will positively impact endless needs across information technology.” – Dan Amiga, co-founder and CTO, Island.

“For decades, organizations have globally utilized consumer browsers in the corporate computing environment. These organizations require strong control and governance, which consumer browsers were never built to deliver. Island uniquely provides manageability, control, security and enhanced productivity features from within the browser itself, while users enjoy a familiar browsing experience. We envision the Enterprise Browser fundamentally improving not just security, but enterprise work itself.” – Mike Fey, co-founder and CEO, Island.

Bottom Line: Cyber insurance is mainly about prevention than protection –> be careful what you wish for .