DALLAS--(BUSINESS WIRE)--Mar 26, 2025--
Island, the Enterprise Browser company, announced its $250 million Series E financing round. This brings Island’s valuation to $4.8 billion in less than five years since its 2020 founding.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250326755283/en/
Coatue Management led the new funding, with several existing investors participating in the round. Island has secured approximately $730 million in outside investment to date.
“The Enterprise Browser upgrades web browsers from a dedicated consumer software package to an enterprise-ready solution, adding value to knowledge workers, IT departments, and security teams. Island improves productivity, simplifies the IT stack, reduces complexity, and embeds security,” said Mike Fey, CEO and Co-founder of Island. “Organizations of all sizes and industries have made Island the cornerstone of their IT modernization initiatives. The new funding will help scale our product development and talent acquisition to meet enterprises’ demanding and evolving IT needs.”
Island has approximately 500 employees, with more than 200 in product development and engineering. Island emerged from stealth mode in February 2022. Since that time, the company has won 450 customers, with annual recurring revenue more than doubling each year following.
“Customer collaboration has been the key to building the Enterprise Browser since day one,” said Dan Amiga, CTO and Co-founder of Island. “Creating and growing a new category requires deep technical partnerships and maximum trust between CIOs, CISOs, and product teams. Our customers’ input has been invaluable to securing their sensitive data, eliminating IT inefficiencies, and making IT work best for end users.”
Island has seen traction across every major vertical and size of organization, from Fortune 1000 enterprises to small and midmarket companies to government agencies and higher education institutions.
“We’re thrilled to continue our partnership with Island as they scale their vision and bring greater security and productivity to the modern workplace,” said David Schneider, General Partner at Coatue. “Island’s world-class executive team has continued to deliver a product that drives immense value for enterprise executives and end users alike. As AI adoption continues to accelerate, Island is helping establish a new industry standard. Companies of all sizes should now rely on secure environments like Island to remain competitive and protect their operations. We look forward to supporting their next stage of growth.”
The Island Enterprise Browser
The Island Enterprise Browser is the ideal enterprise workspace, where application delivery is simple, data is fundamentally secure, and work itself is smooth and natural. By embedding the core IT, security, and productivity needs into the browser itself, Island provides organizations with unprecedented last-mile control, enabling them to precisely govern all browser activity.
IT teams log and audit work activity while keeping personal browsing private. Security teams protect sensitive data from even the most sophisticated attacks, with a secure-by-design architecture. And users gain productivity-enhancing features while working in the familiar Chromium-based browser experience.
Leading enterprises across all industries are using the Enterprise Browser to deliver secure access to SaaS and web apps, enable zero-trust network access, make BYOD viable, onboard contractors in minutes not weeks, support smooth M&A transitions, reduce reliance on virtual desktop infrastructure (VDI), and transform how work gets done.
About Island
Island created the Enterprise Browser, a simplified enterprise workspace delighting CIOs, CISOs, and end users. Organizations in defense, financial services, government, higher education, hospitality, manufacturing, and retail modernize their security and jumpstart productivity with a browsing experience they know and love. Investors include Canapi Ventures, Capital One Ventures, Cisco Investments, Citi Ventures, Coatue Management, Cyberstarts, EDBI, Georgian, Insight Partners, Prysm Capital, Sequoia Capital, ServiceNow Ventures, and Stripes. Island is based in Dallas with research and development led from Tel Aviv. Email info@island.io or call (866) 832-7114.
Island Co-founders Dan Amiga (L) and Mike Fey (R)
DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump on Wednesday claimed that Iran’s president wanted a ceasefire ahead of his speech to the American people.
Trump made the claim on his Truth Social website.
Trump said “Iran’s New Regime President,” however. Iran still has the same president.
Trump also said that a ceasefire would only happen when the Strait of Hormuz is “open, free, clear.”
“Until then, we are blasting Iran into oblivion or, as they say, back to the Stone Ages!!!” he wrote.
Iran had no immediate response to Trump’s post. Iran’s Foreign Minister Abbas Araghchi in an interview with Al Jazeera aired late Tuesday signaled Tehran’s willingness to keep fighting.
“You cannot speak to the people of Iran in the language of threats and deadlines,” he said. “We do not set any deadline for defending ourselves.”
THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.
DUBAI, United Arab Emirates (AP) —
Iran hit an oil tanker off the coast of Qatar and Kuwait’s airport on Wednesday while airstrikes battered Tehran — an unrelenting tempo hours after U.S. President Donald Trump said he was nearly ready to wind down the war.
Trump, who is scheduled to address the nation later in the day, said he could walk away from the war in two to three weeks once he felt confident Iran would not be able to build a nuclear weapon — even if Tehran does not agree to a ceasefire.
That raised the possibility that the U.S. could withdraw without any guarantee from Iran that it would stop bombing its Gulf Arab neighbors or release its grip on the crucial Strait of Hormuz. A fifth of the world’s traded oil passes through the strait in peacetime and Tehran’s stranglehold, along with its strikes on energy infrastructure in the region, has caused oil prices to skyrocket, with far-reaching consequences for the global economy. Even if the strait were to reopen quickly, some effects like higher food prices could persist for months or longer.
It’s also not clear what Israel, which began bombing Iran alongside the U.S. on Feb. 28, would do if the U.S. pulls out without a deal. It also leaves open the question of what Iran might do with the highly enriched uranium still in its stockpiles.
Trump’s comments offered another mixed signal from the American leader who has offered shifting objectives for the war and repeatedly said it could be over soon while also threatening to widen the conflict. Thousands of additional U.S. troops are currently heading to the Middle East, and speculation abounds about the purpose of their deployment.
Just days ago, Trump warned that the U.S. would attack Iran’s power plants if Tehran did not reopen the strait by April 6. He has also threatened to attack Iran’s Kharg Island oil export hub and possibly desalination plants.
But on Tuesday, Trump said the U.S. “will not have anything to do with” ensuring the security of ships passing through Hormuz.
Speaking to Al Jazeera, Iranian Foreign Minister Abbas Araghchi signaled Tehran’s willingness to keep fighting.
“You cannot speak to the people of Iran in the language of threats and deadlines,” he said. “We do not set any deadline for defending ourselves.”
Trump has been under growing pressure to end the war as oil prices have skyrocketed, pushing up the cost of gasoline, food and other goods. The spot price of Brent crude, the international standard, was up more than 40% since the start of the war, trading at more than $103 a barrel on Wednesday.
The U.S. has presented Iran with a 15-point plan aimed at bringing about a ceasefire, including a demand for the strait to be reopened and for is nuclear program to be rolled back.
Iran insists its nuclear program is peaceful. Its own five-point response includes retaining sovereignty over the strait.
In the interview with Al Jazeera, Araghchi acknowledged receiving direct messages from U.S. Mideast envoy Steve Witkoff. He insisted, however, that there were no direct negotiations and said Iran has no faith that talks with the U.S. could yield any results, saying “the trust level is at zero.”
He warned against any U.S. attempt to launch a ground offensive, saying “we are waiting for them.”
A cruise missile slammed into an oil tanker off Qatar’s coast Wednesday, the Defense Ministry said. The 21-member crew of the tanker, contracted by state-owned QatarEnergy, was evacuated and no casualties were reported.
A fully-loaded Kuwaiti oil tanker came under attack off Dubai the day before, one of more than 20 ships attacked by Iran during the war.
In the United Arab Emirates, a person was killed when he was hit by debris from an intercepted drone in Fujairah, one of the country’s seven emirates.
Bahrain sounded two alerts for incoming missiles, while Kuwait’s state-run KUNA news agency said a drone hit a fuel tank at Kuwait International Airport, sparking a large fire.
Jordan’s military said it intercepted a ballistic missile and two drones fired from Iran in the last 24 hours. No casualties were reported. Two drones were also intercepted in Saudi Arabia, and air raid sirens sounded in Israel though there were no immediate reports of damage or casualties.
An airstrike on Tehran, meanwhile, appeared to have hit the former U.S. Embassy compound, which has been controlled by Iran’s Revolutionary Guard since American diplomats were held hostage there in 1979.
Witnesses said buildings outside the massive compound had their windows blown out and that it appears the strike happened inside the walled facility.
Israel also said it hit a plant in Iran producing fentanyl, a synthetic opioid. Israel and the United States have alleged in recent years that Iran was experimenting with using fentanyl in chemical weapons.
Iran acknowledged a strike Tuesday on Tofigh Daru factory, but insisted it only supplied “hospital drugs.” Hospitals use fentanyl to treat severe pain but it can also be fatal.
In Lebanon, at least five people were killed in an Israeli strike on a Beirut neighborhood.
Israel invaded southern Lebanon after the Iran-linked Hezbollah militant group began launching missiles into northern Israel days after the outbreak of the war. Many Lebanese fear another prolonged military occupation.
More than 1,200 people have been killed in Lebanon and more than 1 million displaced, according to authorities. Ten Israeli soldiers have also died there.
In Iran, authorities say more than 1,900 people have been killed, while 19 have been reported dead in Israel. More than two dozen people have died in Gulf states and the occupied West Bank, while 13 U.S. service members have been killed.
Rising reported from Bangkok. Associated Press writers Giovanna Dell’Orto in Miami and Samy Magdy in Cairo contributed to this report.
A young girl is comforted by her father and Israeli soldiers as they take cover in a bomb shelter during air raid sirens warning of incoming Iranian missile strikes in Bnei Brak, Israel, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)
People inspect the site of an Israeli strike amid debris and damaged vehicles in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)
A man feeds stray cats in Tehran, Iran, Tuesday, March 31, 2026. (AP Photo/Vahid Salemi)
The Indian flagged LPG carrier Jag Vasant transporting liquefied petroleum gas, is seen at the Mumbai Port in Mumbai, India, after it arrived clearing the Strait of Hormuz, Wednesday, April 1, 2026. (AP Photo/Rafiq Maqbool)
Firefighters and rescue workers work at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)
A firefighter extinguishes a car at the site of Israeli airstrikes, in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hussein Malla)
Israel's rescue teams and residents take shelter as sirens sounds next to a site struck by an Iranian missile in Bnei Brak, Wednesday, April 1, 2026. (AP Photo/Oded Balilty)
A police vehicle is seen through a shattered windshield at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)
Two men ride scooters past charred debris at the site of an Israeli strike in Beirut, Lebanon, Wednesday, April 1, 2026. (AP Photo/Hassan Ammar)
