Island Announces Participation of Singapore-based Global Investor EDBI in its Series D Round to Accelerate Expansion Plans in the Asia-Pacific Region

DALLAS--(BUSINESS WIRE)--Island, the Enterprise Browser company, announced the participation of EDBI, the strategic investment arm of the Singapore Economic Development Board, in its previously announced Series D funding round. The deal signals Island’s global ambitions, expands its funding footprint to the Asia-Pacific region, and builds on its presence in North America, Europe, and the Middle East.

The Series D round, which valued Island at $3 billion, was led by Coatue Management and Sequoia Capital, and also included strategic investors Capital One Ventures and Citi Ventures.

Singapore’s pro-business environment and thriving innovation ecosystem offer immense opportunities for companies to scale and grow their digital businesses in the region,” said Charmaine Kng, Partner at EDBI. “As Singapore’s economic landscape continues to evolve, building resilience and agility in digital trust technologies has become increasingly crucial. We are excited to partner with Island to drive innovation and offer enhanced digital trust technologies for multinational corporations and large enterprises based locally, strengthening the nation’s position as a global tech hub.”

Island’s last-mile controls and visibility allow IT and security teams to deliver software as a service (SaaS) and web applications with unprecedented speed and confidence. The Island Enterprise Browser can limit access to sensitive data, govern usage of artificial intelligence (AI), and integrate productivity tools for employees, contractors, partners, and other third parties. Using the Island Enterprise Browser, CIOs and CISOs can strengthen security, report detailed audit data, and lower regulatory compliance costs.

"As the enterprise browser category continues to gain momentum, the Asia-Pacific region is expected to play a pivotal role in our expansion efforts. Security and IT leaders worldwide are seeking technologies that can modernize IT infrastructure, reduce costs, enhance user productivity, and bolster organizational security," said Island CEO and Co-founder Mike Fey. "EDBI is well-positioned to assist Island in expanding our customer base, partnerships, and operations throughout the region."

The Island Enterprise Browser

The Island Enterprise Browser is the workspace of the future, enabling organizations to deliver applications to their audiences with a familiar browsing experience. As users easily work within their applications, Island can keep users and any enterprise data they encounter while they work safe at the very point where they interact with SaaS and internal applications. Using the Island Enterprise Browser, organizations can provide control at the last mile of any browser-based application, ensuring protections such as copy, paste, download, upload, and screenshot capture, to more advanced security demands such as data redaction, watermarking, and multi-factor authentication.

This opens up unprecedented enterprise browser use cases, including securing applications from data leakage, safe access for contractors and BYOD workers, and full governance over privileged user accounts. Island reduces network complexity for IT teams by delivering a native user experience for the hybrid worker in contrast to costly and poor-performing virtual desktop infrastructure (VDI), while supporting built-in safe browsing, web filtering, web isolation, exploit prevention, and zero trust network access at much lower cost.

About Island

Island created the enterprise browser—embedding advanced security, IT and network controls, data protections, and application access into the browsing experience users expect. Island’s enterprise security and software technology experts are reimagining the future of work for the world’s largest, most dynamic enterprises. Island is backed by top investors including Canapi, Capital One Ventures, Cisco Investments, Citi Ventures, Coatue Management, Cyberstarts, EDBI, Georgian, Insight Partners, Prysm, ServiceNow Ventures, Sequoia Capital, and Stripes. Island is based in Dallas with research and development in Tel Aviv and can be reached at [e-mail] or [phone].

About EDBI

Established in 1991, EDBI is the strategic investment arm of the Singapore Economic Development Board (EDB), focusing on high-growth technologies across Information & Communication Technology, Emerging Technology, and Healthcare sectors. Our aim is to create long-term value and enhance the capabilities of Singapore’s key industries. We partner with companies and founders poised for expansion in Asia and beyond, using a targeted value creation approach and leveraging our extensive network. We collaborate closely with these companies to identify growth opportunities, develop strategic roadmaps, and facilitate access to essential resources for success through Singapore.

Learn more at www.edbi.com.