The enterprise browser reaches 6.4 billion dollars in valuation, and shifts its argument from the security of the workstation to that of the agents.
Island announced on September 24 a $400 million Series F led by Evolution Equity Partners, joined by J.P. Morgan, Sequoia Capital and Georgian. The deal brings the publisher's valuation to $6.4 billion, up $1.8 billion from the previous round, and the total raised to about $1 billion.
The product remains the same: a browser designed for the enterprise, through which employees access cloud-hosted business applications, and which filters out booby-trapped pages, phishing attempts, and user-side manipulation.
It's the positioning that moves. Island now presents itself as the control plane for agents in companies: since agents access applications through the same web paths as humans, the browser becomes the natural place to observe and restrict what they do. This argument explains investors' appetite for a segment — the governance and security of AI in companies — that has become one of the most competitive of the year.
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