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Stock impact report

Browser Startup Island Valued at $4.5 Billion in Coatue-Led Round [Yahoo! Finance]

Gen Digital Inc. (GEN) 
Last gen digital inc. earnings: 3/16 04:30 pm Check Earnings Report
US:NYSE Investor Relations: genesishcc.com/investor-relations
Company Research Source: Yahoo! Finance
1 min read (Bloomberg) -- Enterprise software and security startup Island Technology Inc. is raising money at a $4.5 billion valuation in a round led by investment firm Coatue Management, according to people familiar with the matter. Most Read from Bloomberg Nice Airport, If You Can Get to It: No Subway, No Highway, No Bridge Sin puente y sin metro: el nuevo aeropuerto de Lima es una debacle Citadel to Leave Namesake Chicago Tower as Employees Relocate NYC Sees Pedestrian Traffic Increase in Congestion-Pricing Zone How London's Taxi Drivers Navigate the City Without GPS The deal shows venture capital firms are still optimistic about cybersecurity startups, even as artificial intelligence deals capture the majority of VC attention. Last year, cyber companies raised $9.5 billion, up almost 10% from 2023, according to cybersecurity recruitment firm Pinpoint Search Group. Representatives for Island and Coatue didn't comment on the deal. Island, which has offices in Da Show less Read more
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