Latest news with #MikeFey
Business Wire
14-07-2025
- Business
- Business Wire
J.P. Morgan Growth Equity Partners Invests in Island's Series E Investment Round
Island, the Enterprise Browser company, announced the participation of J.P. Morgan Private Capital's Growth Equity Partners as a strategic investor in its previously announced Series E funding round. Coatue Management led the round, which valued Island at nearly $5 billion. 'J.P. Morgan Growth Equity Partners capitalizes on emerging trends and backs category creators by learning from J.P. Morgan's global portfolio of technology vendors,' said Island CEO and Co-founder Mike Fey. 'Their support highlights how the Enterprise Browser solves organizations' most complex, large-scale challenges in banking and beyond.' Island plans to use its latest funding to significantly accelerate product innovation to deliver powerful new capabilities tailored for CIOs, CISOs, and end users alike. By rethinking security, productivity, and the user experience, Island is redefining what organizations can expect from the browser. Island has already earned the trust of over 450 enterprise customers, including six of the 10 largest U.S. banks, demonstrating its growing impact and leadership in the enterprise security and IT landscape. Island's embedded browser security, visibility, and governance enables enterprises to embrace the future of work, keep data in corporate boundaries, and meet compliance requirements. Deployments range from hundreds to hundreds of thousands of users across industries such as financial services, government, healthcare, higher education, hospitality, manufacturing, retail, and technology. 'Cybersecurity is a top strategic priority for the world's largest enterprises,' said Paris Heymann, Co-Managing Partner of J.P. Morgan Growth Equity Partners. 'We're thrilled to support a pioneering company like Island in this space.' J.P. Morgan Growth Equity Partners invests in growth-stage software, AI, cybersecurity, fintech, and consumer companies. As part of J.P. Morgan Asset Management, the team partners with portfolio companies to deliver the value of the J.P. Morgan global ecosystem post-investment. The Island Enterprise Browser The Island Enterprise Browser is the ideal enterprise workspace and application delivery platform. Island makes work simple, natural, and highly productive and keeps data fundamentally secure. By embedding the core IT, security, and productivity needs into the browser itself, Island provides organizations with unprecedented last-mile control, enabling them to precisely govern all browser activity. IT teams log and audit work activity while keeping personal browsing private. Security teams protect sensitive data from even the most sophisticated attacks, with a secure-by-design architecture. And users gain productivity-enhancing features while working in the familiar chromium-based browser experience. Leading enterprises across all industries are using the Island Enterprise Browser to deliver secure access to SaaS and web apps, enable zero-trust network access, make BYOD viable, onboard contractors in minutes not weeks, support smooth M&A transitions, reduce reliance on virtual desktop infrastructure (VDI), and transform how work gets done. About J.P. Morgan Growth Equity Partners J.P. Morgan Growth Equity Partners ('GEP'), is the technology and consumer practice of J.P. Morgan Private Capital, managing a $1B growth equity fund partnering with leading enterprise software, fintech, cybersecurity, real estate technology and consumer companies. GEP's capital is a combination of the firm's balance sheet alongside a broad set of institutions, family offices and individual investors. J.P. Morgan Private Capital is part of J.P. Morgan Asset Management. J.P. Morgan Asset Management is a global leader in alternatives, with over 60 years of experience managing alternative investments, including real estate, private equity, private credit, liquid alternative products, infrastructure, transport, hedge funds, and forestry. As of December 31, 2024, J.P. Morgan oversees more than $400 billion in alternative assets. For more information, visit: About Island Island created the Enterprise Browser, a simplified enterprise workspace delighting CIOs, CISOs, and end users. Organizations in defense, financial services, government, higher education, hospitality, manufacturing, and retail modernize their security and jumpstart productivity with a browsing experience they know and love. Investors include Canapi Ventures, Capital One Ventures, Cisco Investments, Citi Ventures, Coatue Management, Cyberstarts, EDBI, Georgian, Insight Partners, J.P. Morgan Growth Equity Partners, Prysm Capital, Sequoia Capital, ServiceNow Ventures, and Stripes. Email info@ or call (866) 832-7114.
Yahoo
08-02-2025
- Business
- Yahoo
Browser Startup Island Valued at $4.5 Billion in Coatue-Led Round
(Bloomberg) -- Enterprise software and security startup Island Technology Inc. is raising money at a $4.5 billion valuation in a round led by investment firm Coatue Management, according to people familiar with the matter. Nice Airport, If You Can Get to It: No Subway, No Highway, No Bridge Sin puente y sin metro: el nuevo aeropuerto de Lima es una debacle Citadel to Leave Namesake Chicago Tower as Employees Relocate NYC Sees Pedestrian Traffic Increase in Congestion-Pricing Zone How London's Taxi Drivers Navigate the City Without GPS The deal shows venture capital firms are still optimistic about cybersecurity startups, even as artificial intelligence deals capture the majority of VC attention. Last year, cyber companies raised $9.5 billion, up almost 10% from 2023, according to cybersecurity recruitment firm Pinpoint Search Group. Representatives for Island and Coatue didn't comment on the deal. Island, which has offices in Dallas and Tel Aviv, makes secure internet browsers for businesses. The product was launched in 2022. The company previously raised almost $500 million from investors including Sequoia Capital, Insight Partners and Israeli VC firm Cyberstarts. It last raised money in early 2024 at a $3 billion valuation. The startup is led by Chief Executive Officer Mike Fey, a former executive at McAfee, and Chief Technology Officer Dan Amiga, the former vice president of engineering at Symantec Corp. Island offers security and productivity features within its browser that are tailored to enterprises. Its customers include hotel chains, banks, retailers and small businesses. (Updates list of investors in fourth paragraph.) Business Schools Confront Trump Immigration Policies Orange Juice Makers Are Desperate for a Comeback Believing in Aliens Derailed This Internet Pioneer's Career. Now He's Facing Prison The Reason Why This Super Bowl Has So Many Conspiracy Theories Inside Elon Musk's Attack on the US Government ©2025 Bloomberg L.P. Sign in to access your portfolio
