CYBERSECURITY FIRM ISLAND RAISES $250M, JUMPS VALUATION TO $4.8B

Summary from the TLDR Founders newsletter

Island raised $250 million in a Series E round led by Coatue Management which valued the company at $4.8 billion. This marks a 60% increase in valuation since its Series D in April. The enterprise browser developer has 500 employees and over 450 customers.