The new funding round brings Island's valuation to $3 billion, doubling the last valuation from less than a year ago. The round was led by new investor Coatue and existing investor Sequoia Capital, with additional funding from other existing investors.

Island created the enterprise browser - embedding advanced security, IT and network controls, data protections and application access into the browsing experience users expect. Island is led by enterprise security and software technology veterans who are reimagining the future of work for the world's largest, most dynamic enterprises.