What you need to know
- Apple device management company Kandji has secured a big chunk of funding.
- It raised $100M in its series C funding drive.
Apple device management software company Kandji says it has raised $100M in funding.
The company stated:
Kandji, the next-generation Apple device management, and security solution, announced that it has raised $100 million in Series C funding at a nearly 10x increase in valuation since the company's Series A funding round one year ago. This latest round was led by Tiger Global with participation from Definition, Frontline Ventures, and existing investors First Round Capital, Greycroft, Felicis Ventures, The Spruce House Partnership, B Capital Group, SVB Capital, and Okta Ventures. Today's financing, the company's third funding round since last year, brings Kandji's total funding raised to $188.5 million. Kandji will use the funds to further evolve its product offerings, increase global hiring, and open a London office.
Tiger Global Partner John Curtius said "The future of work is remote and hybrid" and that Kandji is "helping businesses provide an elegant, seamless experience for remote employees while raising the bar for security throughout the organization."
Kandji says that 95% of surveyed IT professionals found remote device management challenging, that 70% had doubled the number of remote or hybrid workers in the past two years, and 76% of respondents had increased levels of employees using Apple devices.
Kandji is opening a London office to oversee its European operations.
Apple recently unveiled Apple Business Essentials, its own business management service for businesses of up to 500 employees..