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(Bloomberg) – Enterprise Software and Security Island Technology Inc. By collecting funds with a rate of $ 4.5 billion in a tour led by the investment coat management, according to the people familiar with the matter.
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The deal shows that investment capital companies are still optimistic about the startups for cybersecurity, even with the approval of artificial intelligence deals, most of the VC interest. Last year, electronic companies raised 9.5 billion dollars, an increase of approximately 10 % over 2023, according to the search group in the field of cyber recruitment.
The representatives of the island and the coat did not comment on the deal.
The island, which includes offices in Dallas and Tel Aviv, makes internet browsers safe for companies. The product was launched in 2022. The company previously raised nearly $ 500 million of investors including Sequoia Capital, Insight Partners and Israeli Cyblestarts. The last time the money raised in early 2024 with a rating of $ 3 billion.
The startup is chaired by CEO Mike Fai, a former McAfee executive official, head of technology organization Dan Amega, former Vice President of Engineering at Semantec Corp.
Island offers security and productivity features within its browser specifically designed for institutions. Its customers include hotel chains, banks, retailers and small companies.
(List of updates for investors in the fourth paragraph.)
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