• Login
Fintedex — Business, Fincance & Investment News
  • Contact
  • Submit a News Releases
No Result
View All Result
  • Contact
  • Submit a News Releases
No Result
View All Result
Fintedex — Business, Fincance & Investment News
No Result
View All Result
Home Technology

This browser you’ve never heard of is now worth a billion dollars

Timothy Wilson by Timothy Wilson
27.03.2022
in Technology
0
This browser you’ve never heard of is now worth a billion dollars
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A startup offering an enterprise-focused web browser has surpassed a billion-dollar valuation, despite launching only a matter of weeks ago.

Island exited stealth mode in early February, but has already achieved unicorn status courtesy of a $115 million Series B funding round that valued the company at $1.3 billion. Although the product was under development for two years prior to launch, Island is still among the fastest startups to achieve the milestone.

The funding round was led by venture capital firm Insight Partners, which has previously invested in the likes of Shopify, Qualtrics and DocuSign, all of which have multi-billion-dollar market capitalizations. Other investors include Sequoia Capital, Stripes and Cyberstarts.

Island browser

The core difference between Island’s browser and the likes of Google Chrome or Microsoft Edge is a heightened focus on cybersecurity. According to Island, typical browsers are entirely unsuitable for use in a business context, despite their ubiquity in the professional sphere today.

“The most widely deployed app in the enterprise is the browser, but it’s a consumer-based design,” Island CEO Mike Fey told TechCrunch, when the company emerged from stealth.

“A consumer wants to have infinite freedom; they want to be able to install anything they want, go anywhere they want, and do who knows what with their browser without any issues. The enterprise, however, wants to make sure that their customer data is safe, that their critical information is protected, and that they’re getting a good experience.”

Although Island’s service is built on the same Chromium engine as many popular browsers, and therefore has a familiar interface, it places a number of restrictions on the way in which end users can interact with the web.

Read more

> The fastest macOS browser around might surprise you

> The inside story of the browser wars

> These were the most popular browser extensions during the pandemic

For example, the Island browser gives security teams control over simple functionality such as copy-and-paste, screen capture and content downloads. It also places limits on the kinds of extensions that can be installed and the domains that can be visited.

Separately, the service gives IT administrators access to advanced tools to help secure SaaS applications and prevent data leakage, as well as full insight into all deployments to help identify the source of incidents as quickly as possible.

“Island has created a whole new way of thinking about enterprise work. By fundamentally transforming the work environment to be secure-by-design, the Island Enterprise Browser enables organizations to achieve entirely new levels of security, productivity, and IT efficiency,” added Fey.

“New investment from Insight Partners and increased investment from our original funding partners validates our product-market fit, accelerates our momentum, and highlights the huge opportunity in front of us.”

  • Also check out our list of the best VPN services around

Previous Post

Can I really ditch my work laptop for a Steam Deck?

Next Post

Life sciences news roundup: $175M for cell therapy; vaccine data; and more

Related Posts

Some Windows updates might actually hurt your security
Technology

Some Windows updates might actually hurt your security

by Timothy Wilson
16.05.2022
Tech Moves: Longtime Microsoft leader James Phillips leaves Stripe; and more
Technology

Tech Moves: Longtime Microsoft leader James Phillips leaves Stripe; and more

by Timothy Wilson
16.05.2022
It looks like Apple WWDC 2022 will be in-person after all – for some
Technology

It looks like Apple WWDC 2022 will be in-person after all – for some

by Timothy Wilson
16.05.2022
Save up to $700 during Nolah Mattress’ Memorial Day Sale
Technology

Save up to $700 during Nolah Mattress’ Memorial Day Sale

by Timothy Wilson
16.05.2022
Report: Apple bringing USB-C to the iPhone but not the iPhone 14
Technology

Report: Apple bringing USB-C to the iPhone but not the iPhone 14

by Timothy Wilson
16.05.2022
Next Post
Life sciences news roundup: $175M for cell therapy; vaccine data; and more

Life sciences news roundup: $175M for cell therapy; vaccine data; and more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

Dow Jones Newswires: Australia’s unemployment rate falls to lowest since 2008

17.03.2022
Hopes fade that energy bills will fall in 2023

Hopes fade that energy bills will fall in 2023

09.04.2022
Selling off the piggy bank: India begins the privatisation of its huge life-insurance company

Selling off the piggy bank: India begins the privatisation of its huge life-insurance company

16.05.2022

Browse by Category

  • Business
  • Finance
  • Stock Market
  • Technology
  • Без рубрики

Browse by Tags

Europe Oleg Volin Russia Ukraine

Fintedex delivers real-time news about the financial industry: feature stories, industry developments, opinions plus the latest on people and trends.

Categories

  • Business
  • Finance
  • Stock Market
  • Technology
  • Без рубрики

Browse by Tag

Europe Oleg Volin Russia Ukraine

Recent Posts

  • The Location Guide, Filmmakers for Ukraine and EUFCN join forces for fundraiser at Cannes 2022
  • Free exchange: The world needs a new economic motor. Could India fit the bill?
  • Buttonwood: Why Italy’s borrowing costs are surging once again

© 2021 Fintedex.

No Result
View All Result
  • Contact
  • Submit a News Releases

© 2021 Fintedex.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?