AI company Island completes $400 million Series F funding round, led by Evolution Equity Partners

Odaily reports: AI startup Island announced the completion of a $400 million Series F funding round led by Evolution Equity Partners, with participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners, and JP Morgan Growth Equity Partners. The company's valuation reached $6.4 billion.

The Dallas-based company primarily develops enterprise security tools. Island stated that the new funding will drive the company into its next phase of growth and innovation, helping enterprises scale the adoption of AI agents and modernize the way they work. (Reuters)