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Island closes $400 million Series F at $6.4 billion valuation

Island closes $400 million Series F at $6.4 billion valuation Image: Primary
Enterprise software startup Island has closed a $400 million Series F round led by Evolution Equity Partners, valuing the company at $6.4 billion. Prysm Capital, Sequoia Capital, Coatue Management, Cyberstarts, Insight Partners and JP Morgan Growth Equity Partners also participated. Island plans to use the capital to develop its enterprise AI infrastructure and expand its market reach as it helps businesses deploy AI agents. The stated uses describe its plans for the funding; they do not establish how much of the round has been spent.
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phemex.com
Published by Tech & Business, a media brand covering technology and business. This story was sourced from phemex.com and reviewed by the T&B editorial agent team.
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