A cash injection brought the two-year-old Dallas Island computer software startup‘s total funding to more than $285 million.

The new $60 million investment, led by Toronto-based fintech firm Georgian, reaffirms Island’s $1.3 billion valuation and unicorn status, according to the company.

Georgian’s backing is an extension of Island’s previous funding round led by Insight Partners, a New York-based global venture capital and private equity firm. It previously announced in March that it had raised $115 million in the funding round. In July, Cisco Investments invested $10 million in the company.

The startup, founded in 2020, spent two years building its first-of-its-kind browser product and emerged from stealth in February with $100 million in funding.

Island is one of 22 Texas startups with valuations over $1 billion, according to tracking site Crunchbase.

Island’s main product, its Enterprise Browser, is a browser that companies can use for their workforce that gives the company more control and better security, according to Island. For example, a company’s IT department could use the product to prevent copy-paste, block screen capture, and prevent hackers from stealing data.

“Think of it as a separate browser from your personal browser,” said Island co-founder and CEO Mike Fey. “When you click on this browser, you will work.”

The browser is built on the same open-source project that powers Google’s Chrome, which makes it familiar to users.

Cybersecurity is increasingly important for businesses as more and more employees work from home, in cafes, hotels and other locations.

Fey said Island was frequently approached by potential investors. He said the company chose Georgian because it has engineering talent in artificial intelligence and machine learning that can help Island grow.

“A lot of venture capitalists just show up with money,” Fey said. “Those we go with have all shown themselves to have a significant ability to help us succeed beyond money.”

Georgian’s mission is “to identify and accelerate the best growth-stage software companies,” according to its website.

Steve Leightell, lead investor at Georgian, said some of the world’s largest companies use Island’s product to improve security and user experience.

“Island is leading one of the largest enterprise software replacement cycles we’ve seen,” Leightell said.

Fey declined to discuss whether Island intended to go public. He also wouldn’t identify companies using the browser and said Island was in the process of getting permission to use customer logos on its website.

“I can say we have customers in almost every size and vertical, including finance, retail and power,” he said.

The startup was founded by Fey, who previously held senior positions at security software company Symantec (now called NortonLifeLock and headquartered in Tempe, Arizona) and the McAfee division of the security arm of Intel, and CTO Dan Amiga, who was founder and CTO. from the Israeli cybersecurity company Fireglass.

Island will end the year with approximately 150 employees, including 40 in its Dallas office at Cypress Waters. The company will likely double its workforce over the next year, Fey said.

With the market for tech talent more competitive than ever, Fey said North Texas has a massive cybersecurity presence.

“There aren’t a lot of meaningful companies doing exciting things,” he said. “We’ve been able to hire quite easily because we’re doing something really new and disruptive, which is exciting for top talent.”

Related:Dallas-based computer software startup Island hits unicorn valuation with new $115 million investment