A new local startup is looking to become “where today’s hybrid workforce lives,” with the help of a massive investment.
Emerging from stealth today, Island, a Dallas-based enterprise browser platform company, announced landing nearly $100 million in funding from early-stage investors Insight Partners, Sequoia Capital, Cyberstarts, and Stripes.
“For decades, organizations have globally utilized consumer browsers in the corporate computing environment,” said Mike Fey, Island co-founder and CEO, in a statement. “These organizations require strong control and governance, which consumer browsers were never built to deliver.”
Enterprise Browser in development since mid-2020
The company’s browser, called Enterprise Browser, has been in development since mid-2020, when the Island was formed by Fey and CTO Dan Amiga—who have held previous executive roles at tech firms Symantec and Fireglass, respectively. Built on the open-sourced browser project Chromium, which supports other big names like Google Chrome and Microsoft Edge, the Enterprise Browser provides organizations with built-in cybersecurity measures, while being accessible on users’ own devices.
Already, Island says it has been working with “several” Fortune 500s, along with other mid-sized businesses. However, it declined to disclose names.
“Island uniquely provides manageability, control, security, and enhanced productivity features from within the browser itself, while users enjoy a familiar browsing experience,” Fey said. “We envision the Enterprise Browser fundamentally improving not just security, but enterprise work itself.”
Plans to double workforce in the coming months
Island has a little more than 100 employees, with its headquarters in DFW and research and development operations in Tel Aviv. With the new funding, Fey told TechCrunch the company is looking to grow “as fast as possible.” In addition to fueling its go-to-market strategy, Fey said the funding will help Island double its workforce in the coming months.
Fey also hinted that Island is already working on securing its next funding round. “The browser is the office where today’s hybrid workforce lives,” Amiga said in a statement. “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.”
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