Enterprise Browser Firm Island Valued at $1.5 Billion
- $100 million round led by Prysm Capital and joined by Canapi
- Island competes with internet browsers from Microsoft, Google
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Island, a startup that provides what’s known as an enterprise internet browser, has raised $100 million in a funding round led by Prysm Capital LLC with Canapi Ventures Fund LP also participating.
The financing values Dallas-based Island at $1.5 billion, a 15% increase from its last funding round in 2022. It brings the company’s total funding to more than $325 million, according to a statement Tuesday.