Browser Island is already worth $ 1 billion

Mar 29, 2022 - 17:26
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Browser Island is already worth $ 1 billion

The Island browser emerged from stealth mode in early February and has already attained the popular "unicorn" designation, with the firm valued at $ 1.3 billion.

Despite the fact that the entire product has been in development for over two years, it is still one of the fastest-growing firms to reach this milestone.

They were backed by Insight Partners, which had previously invested in Shopify, Qualtrics, and DocuSign, all of which have since crossed the $1 billion mark.

Other firms that have invested in Island include Sequoia Capital, Stripes, and Cyber starts.

The key distinction between Island's browser and similar Google Chrome or Microsoft Edge browsers is a greater emphasis on cyber security. Despite their prevalence in the professional sphere today, Island believes that standard browsers are utterly unsuited for use in a corporate context.

"The browser is the most widely used application in the firm, but it is a consumer-based design," Island's CEO Mike Faye told TechCrunch when the startup emerged from stealth mode.

"The consumer desires limitless freedom; their goal is to be able to install whatever they want, travel wherever they want, and do whatever they want with their browser without incident."

The corporation, on the other hand, wants to ensure that its customers' data is secure, that their essential information is secured, and that they have a positive experience.

Amazon Game Studios head steps down

Mike Frazzini has spent a long time at Amazon, first focusing on books and ebooks before heading up the company's gaming branch and helping to build it up. He is now stepping down, as announced by Amazon, but a new head of studios has yet to be named.

For years, Amazon Game Studios has battled to get off the ground, with internal reboots of in-development projects and seasoned devs quitting the business owing to leadership concerns. Frazzini has faced some criticism in the past, with some pointing to his lack of prior expertise in the games industry.

Previously, sources speaking with Bloomberg highlighted leadership as the primary cause for Amazon's troubles with game production, despite the fact that the company has the expertise in-house to build fantastic products.

Now, Amazon has the potential to engage someone with more direct industry experience to assist with the development of new products and the acquisition of publishing deals for third-party games such as Lost Ark.