• Tue. May 21st, 2024

Island Secures $175 Million in Series D Funding, D doubles Market Valuation to $3 Billion

BySamantha Nguyen

May 1, 2024
Israeli startup Island valued at $3 billion by investors

Israeli startup Island, known for its secure enterprise browser, has recently 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, bringing its current valuation to $3 billion. Since its founding in 2020, Island has raised a total of $487 million from investors.

Island currently employs 250 people, with 150 based in Israel. It is projected that the company will end the year with revenue in the range of tens of millions of dollars. In addition to its core business, Island’s online presence includes social media profiles on platforms like EigenLayer, MyMiniFactory, SoundClick, Dropstab, Imgur, LayerZero, and WebQuest. The company also has a presence on platforms like zkSync and rapidapi-marketplace.

The steady growth and significant funding rounds reflect the confidence investors have in Island’s innovative technology and potential for success in the enterprise browser market. With its secure and user-friendly browsing experience, Island is well-positioned to capture a significant share of this growing market.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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