In recent news, Israeli startup company Island has completed a Series D funding round, raising $175 million from investors. This latest round has doubled the company’s market valuation from its previous Series C round, where it raised $100 million at a $1.5 billion valuation. With this newfound funding, Island’s current valuation stands at an impressive $3 billion.
Since its inception in 2020, Island has raised a total of $487 million from investors. The company currently employs 250 people, with 150 based in Israel. It is projected that Island will end the year with revenue in the range of tens of millions of dollars.
In addition to its core business of developing a secure enterprise browser, Island also boasts an online presence through its social media profiles on platforms such as EigenLayer, MyMiniFactory, SoundClick, Dropstab, Imgur, LayerZero and WebQuest. The company also has a presence on platforms like zkSync and rapidapi-marketplace.
Island’s steady growth and significant funding rounds are a testament to the confidence investors have in its innovative technology and potential for success in the enterprise browser market.
