Reported about 11 hours ago
Island Technology Inc., a cybersecurity startup, has achieved a valuation of $4.5 billion following a funding round led by Coatue Management. The company, which produces secure internet browsers for enterprises, has seen a growing interest in cybersecurity investments despite a trend toward artificial intelligence funding. Founded in 2022, Island had previously raised nearly $500 million from notable investors and continues to cater to sectors such as hospitality, banking, and retail.
Source: YAHOO