Island Announces Participation of ServiceNow Ventures in its Series D Round

Strategic investment will help accelerate Island’s innovation in AI and enterprise digital transformation

DALLAS--(BUSINESS WIRE)--Island, the Enterprise Browser company, announced the participation of ServiceNow Ventures as a strategic investor in its previously announced Series D funding round, which valued the company at $3 billion and was led by Coatue Management and Sequoia Capital with participation from Capital One Ventures, Citi Ventures and EDBI.

“We’re thrilled to support Island’s continued growth and innovation, and we share in their mission to help enterprises enable seamless and secure access to their data,” said Victor Chang, vice president of ServiceNow Ventures. “Island is poised to help enterprises unlock efficiencies, improve their security posture, and transform their IT infrastructure, and we look forward to a continued partnership and collaboration to deliver transformational value for our joint customers.”

The investment will fuel Island’s continued innovation in AI, application development, data security, and workflow automation. By embedding the core needs of the enterprise into the browser itself, Island gives IT and security leaders full control over the last mile of users’ interactions with software as a service (SaaS) and web applications. The result is new visibility into IT infrastructure, a modernized application delivery architecture, vastly improved user experience for employees, and a stronger security posture.

With the Island Enterprise Browser, CIOs can further simplify work and drive a higher ROI on their technology investments. For example, Island can ensure that all users authenticate to all cloud applications, including ServiceNow. In addition, Island will partner with ServiceNow to strengthen the end-user experience and reduce IT operations workload for organizations. IT leaders will be able to create better customer outcomes around visibility, security, and productivity with endpoint intelligence from the Island Enterprise Browser and ServiceNow’s market-leading workflow automation.

“CIOs and CISOs are deploying ServiceNow and Island to protect sensitive data, accelerate their IT transformation, and enhance user satisfaction, especially around AI, data intelligence, and cloud technologies,” said Island Co-founder and CEO Mike Fey. “ServiceNow is reinventing how effective IT organizations operate, and their investment in Island further validates both the enterprise browser category and Island’s leadership within it.”

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 Ventures, Capital One Ventures, Cisco Investments, Citi Ventures, Coatue Management, Cyberstarts, EDBI, Georgian, Insight Partners, Prysm Capital, Sequoia Capital, ServiceNow Ventures, and Stripes. Island is based in Dallas with research and development in Tel Aviv and can be reached at [e-mail] or [phone].