Browser security co Island raises $250m at $5b valuation

Foundation's browser security company island It announced the completion of a $ 250 million financing round, rating of $ 5 billion. The company was established by the former CEO of Symantec Mike Fey and Israeli serial businessman Dan Amega. The financing round has led the former investor coat, one of the most active companies that invest in Israeli growth companies in recent years.

As far as it is known, the secondary sale round of shares by entrepreneurs, coat and current investors who inject money in the company did not include to allow the island to continue growth. The last financing round was on the island last April, when it raised $ 175 million with a rating of $ 2 billion. The last round reaches the total amount that the company raised to $ 730 million of investors, including Sequoia, Insight Partners, and Gili Raanan's Cyblestarts.

Despite the two -week announcement of the announcement that Google will get the Israeli cloud security company Wiz, ISLAN's current donations have been completed before the acquisition. At the same time, the company shares a lot of common DNA with Wiz. The founders of Island Amiga and FEY are limited partners in the Cyberstarts box, the first Wiz investor, and in this way, can earn tens of millions of dollars from sale.

ILAND has developed a communication technology that allows short communication with companies to companies as well as internal corporate communications applications, and seeks to expand the scope of other fields in order to keep employees to their browsers as much as possible and bring corporate customers to increase the use of the browser. Additional companies were created in this field in the Israeli market: Talon, which has developed browser security technology and was sold to Pallo Alto networks for $ 625 million; Guardio, which also developed its browser.

It was published by Globes, Israel Business News – En.globes.co.il – on March 26, 2025.

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