Channel programs News
10 Cool Tech Companies That Raised Funding In March 2022
Rick Whiting
Next-generation technology companies in cybersecurity, container software and machine learning, along with providers of applications for financial planning and hiring software developers, reported new rounds of funding in March.
Island
Headquarters: Dallas
CEO: Mike Fey
Funding: The $115 million Series B funding round raised Island’s valuation to $1.3 billion.
Investors: The funding round was led by Insight Partners, which led the company’s previous financing round, with participation from existing investors Stripes and Sequoia Capital.
What the company does: Island develops a secure browser targeting bring-your-own-device users, contractors and other workers with their own mobile devices who need to access corporate data.
CEO Quote: “The expansion opportunity is to be the primary browser in the organization. And as we become the primary browser, all of a sudden our ability to displace the complexity in customer environments of a whole host of new and old technologies is high.”
