Enterprise browser company Island has added J.P. Morgan Private Capital Growth Equity Partners as a strategic investor in its Series E funding round, which was led by Coatue Management and values the company at nearly $5 billion.
“Their [J.P. Morgan Growth Equity Partners’] support highlights how the Enterprise Browser solves organizations’ most complex, large-scale challenges in banking and beyond,” said Island CEO and Co-founder Mike Fey.
The funding will support the Island’s continued product development, with a focus on expanding security, governance and user experience features tailored to enterprise IT and security teams. The company’s browser is used by over 450 enterprise clients, including six out of the ten largest U.S. banks.
Island’s technology embeds security and compliance features directly into the browser, allowing organizations to control data access and monitor user activity without additional tools. The company has seen adoption across financial services, healthcare, government and other regulated sectors.
J.P. Morgan Growth Equity Partners, part of J.P. Morgan Asset Management, focuses on growth-stage investments in software, AI, cybersecurity and fintech.
“Cybersecurity is a top strategic priority for the world’s largest enterprises,” said Paris Heymann, Co-Managing Partner of J.P. Morgan Growth Equity Partners. “We’re thrilled to support a pioneering company like Island in this space.”
