Tech corporation Cisco has invested in Island’s series B funding round. Cisco “is an American-based multinational technology conglomerate corporation headquartered in San Jose, California.” (Cisco).

 

“Island, which has developed a secure enterprise browser, raised a $115 million Series B at a $1.3 billion valuation in March of this year. The round was led by New York-based global venture capital and private equity firm Insight Partners, which also led Island’s prior financing round. Existing investors Stripes, Cyberstarts, and Sequoia Capital also participated in the round, bringing Island’s total funds raised at the time to over $200 million.” (Calcalist).

 

The secure enterprise browser has advantages to users due to its safety features.

 

“Led by Mike Fey, co-founder and CEO, Island has created an Enterprise Browser that provides organizations with complete control over the last mile of user interaction with Software-as-a-Service (SaaS) and web applications to enable a stronger security posture, while improving productivity for users and their supporting IT and security functions. By using the Island Enterprise Browser, security teams fully control the last mile of connection to employees, from basic protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as data redaction, watermarking, and multi-factor authentication insertion.” (Finsmes).

 

The variety of safety features makes the browser competitive.

 

“These functionalities create opportunities across a growing number of enterprise use cases, including securing critical SaaS and internal web applications from data leakage, safe access for contractors and BYOD workers, and full governance over privileged user accounts. It also delivers a native user experience for the hybrid worker in contrast to costly and poor-performing virtual desktop infrastructure (VDI), while supporting built-in safe browsing, web filtering, web isolation, exploit prevention, and Zero Trust network access at much lower costs.” (Finsmes).

 

Island is an Israeli company. This is not the first time Cisco has invested in Israeli companies.

 

“Cisco has invested in 18 Israeli companies to date, including Gong, Habana Labs, Guardicore and Innovid. Cisco has also acquired 11 Israeli companies, including three over the past 18 months, such as Epsagon for $500 million in August of last year.” (Calcalist).

 

Have any questions about cyber-security? Responsive Technology Partners is the leading cyber-security expert in the Athens, Metter, Milledgeville, Vidalia, and Atlanta, Georgia areas. We also have locations in Tampa, Florida, Roanoke, Virginia, and Raleigh South Carolina. Service offerings include I.T. support, cyber-security and compliance, telephony, cloud services, cabling, access control, and camera systems. Our company’s mission is to provide world-class customer service through industry leading I.T. solutions that make every customer feel as if they are our only customer. Please visit our website to learn more: https://www.responsivetechnologypartners.com/.

 

 

 

 

 

 

 

 

 

 

 

 

Sources: 

Finsmes. https://www.finsmes.com/2022/07/island-receives-investment-from-cisco-investments.html 

Calcalist. https://www.calcalistech.com/ctechnews/article/b1dvbwan5