After $5B valuation, cyber unicorn Island doubles down on Israel with new R&D center
Dan Amiga says Israeli talent is “the best in the world” as company adds 900-square-meter Big Glilot site.
Enterprise browser startup Island announced the expansion of its operations in Israel with the opening of a new development center in the Big Glilot complex. The new facility, covering approximately 900 square meters, will open later this month and will join the company’s existing center in Tel Aviv. The investment in the new center is estimated at over $3 million.
The expansion follows Island’s $250 million Series E funding round earlier this year, which valued the company at roughly $5 billion. The Series E was followed by a substantial secondary round at a similar valuation.
Founded in 2020 by Dan Amiga, a serial cybersecurity entrepreneur, and Mike Fey, former president and COO of Symantec and former GM/CTO of McAfee, Island has quickly established itself in the enterprise browser market. The company now employs over 650 people across its Tel Aviv R&D center and a Dallas office, with more than 250 staff in Israel alone. The new offices are initially set to accommodate 50 employees.
In parallel with its physical expansion, Island continues to hire, focusing on software engineers, AI specialists, cybersecurity experts, and DevOps professionals.
Related articles:
“Our success is built on Israeli talent, which we believe is the best in the world,” said Dan Amiga. “The new development center in Big Glilot offers an attractive and accessible environment that will enable us to continue growing, attract talent from a broader range of regions, and develop breakthrough technologies in cyber and AI.”
Founded in 2019, Island has raised approximately $730 million to date from leading investors, including Sequoia, Insight Partners, Coatue, and Cyberstarts.
