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(Bloomberg) – According to people familiar with the matter, the Investmatue Management Incalue investment company, according to people familiar with the matter.
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The agreement shows that risk capital companies remain optimistic about new cybersecurity companies, even when artificial intelligence agreements capture most risk capital care. Last year, cyber companies raised $ 9.5 billion, almost 10% since 2023, according to the Pinpoint Group cybersecurity recruitment firm.
The representatives of Island and Coatue did not comment on the treatment.
Island, which has offices in Dallas and Tel Aviv, manufactures insurance internet browsers for companies. The product was launched in 2022. The company previously raised almost $ 500 million, including Capital Sequoia, Insight Partners and the VC Israeli Cyberstarts. The last time he raised money in early 2024 with an assessment of $ 3 billion.
The startup is directed by executive director Mike Fey, former executive of McAFEE, and Technology Director Dan Amiga, former Vice President of Symantec Corp engineering.
Island offers safety and productivity characteristics within its browser that adapt to companies. Its customers include hotel chains, banks, retailers and small businesses.
(Update the list of investors in the fourth paragraph).
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