Enterprise Security Firm Island Raises $400M at $6.4B Valuation

Island, an enterprise security firm, raised $400 million at a $6.4 billion valuation, led by Evolution Equity Partners, bringing total funding to over $1 billion since 2020. The round signals continued investor appetite for cybersecurity startups despite broader market volatility. The valuation implies significant growth expectations, but the private nature of the deal limits public market impact.