US funding financial institution J.P. Morgan has a joined as a strategic investor within the Collection E funding spherical of Israeli enterprise browser safety firm Island, which was introduced in March 2025.
Within the financing spherical Island raised $250 million at an organization valuation of $5 billion, which was led by Coatue Administration. Estimates are that the financial institution has elevated the funding by $30-40 million.
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J.P. Morgan, one of many world’s largest institutional gamers, is investing together with different outstanding traders, together with Sequoia, Perception Companions and Gili Raanan’s Cyberstarts. Because it was based, Island has raised about $730 million.
Devoted enterprise browser
Island has developed a devoted enterprise browser, which replaces the common browsers that workers use, reminiscent of Chrome, and basically permits full management over what occurs inside the digital work atmosphere. Utilizing the browser, organizations can securely handle entry of workers, suppliers and company to inside programs, and observe the information that enters and exits. The product additionally consists of instruments for managing knowledge programs and enhancing work effectivity.
Based on Island, its browser is at the moment put in in additional than 450 organizations all over the world, together with eight of the most important banks within the US, together with hospitals, airways, retail chains and extra.
Island at the moment operates from Tel Aviv and Dallas, with about 500 workers, of which about 200 are within the improvement heart in Israel. The corporate was based in 2020 by former Symantec CEO Mike Fey and Israeli serial entrepreneur Dan Amiga.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 14, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
