Investment on Island: JPMorgan Growth Equity Enters Series E Funding Round
In a significant move for the cybersecurity industry, J.P. Morgan Growth Equity Partners has invested in Island's Series E funding round. This pioneering company, based in the cybersecurity space, is the creator of the Island Enterprise Browser – a transformative tool making waves within the financial services sector.
The Island Enterprise Browser is renowned for its ability to provide secure web application access, zero-trust network access, BYOD support, and streamlined M&A transitions. Its secure-by-design architecture offers robust protection for sensitive data, making it an ideal solution for businesses seeking to enhance their cybersecurity posture.
Island's CEO and Co-founder, Mike Fey, expressed his excitement about the support from J.P. Morgan Growth Equity Partners. He believes this investment will propel the company further in its mission to redefine browser expectations through improved security, productivity, and user experience.
J.P. Morgan Growth Equity Partners' investment underscores their confidence in Island's potential to solve complex, large-scale cybersecurity issues for enterprises beyond banking. Paris Heymann, Co-Managing Partner of J.P. Morgan Growth Equity Partners, emphasised cybersecurity as a top strategic priority for large enterprises.
The Island Enterprise Browser offers built-in security, visibility, and governance. It empowers businesses with data control and compliance while ensuring personal browsing privacy. Moreover, the browser enables IT auditing of work activity, providing businesses with the necessary tools to maintain a secure digital environment.
Currently, Island serves over 450 enterprise customers, including six of the ten largest U.S. banks. With the capital received from the funding round, Island aims to accelerate product innovation, further cementing its position as a leader in the cybersecurity industry.
J.P. Morgan Growth Equity Partners backs category creators and learns from their global portfolio of technology vendors. This strategic partnership is set to bring about exciting developments in the realm of cybersecurity, as Island continues to push the boundaries of what is possible with its innovative Enterprise Browser.
