Cyber startup Island hits $6.4 billion valuation in new round as AI attacks fuel spending wave

Summary

Dallas-based browser security startup Island announced a $400 million funding round at a $6.4 billion valuation, led by Evolution Equity Partners. CEO Mike Fey said the company plans to invest in research and development, expand into Europe, Asia and the Middle East, and grow its workforce from 1,000 to 1,500 employees by the middle of next year.

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