AI startup Island valued at $6.4 billion in latest funding round

AI startup Island has raised $400 million in a Series F funding round, bringing its valuation to $6.4 billion. Led by Evolution Equity Partners, the investment round also saw participation from existing investors Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners, and J.P. Morgan Growth Equity Partners.

The Dallas-based company, which specializes in enterprise security tools, plans to use the funding to fuel its next phase of growth and innovation as companies increasingly adopt AI agents and modernize their work processes.

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