Kandji is excited to announce its $60 million Series B round of funding, led by Felicis Ventures with participation from SVB Capital, Greycroft, B Capital Group, Okta Ventures, and the Spruce House Partnership.
This latest round of funding is just one more indication of how fast the market opportunity for Apple device management in the enterprise is growing, with more and more companies looking to Kandji for help with streamlining the most common and complex IT tasks. This Series B funding follows a $21 million Series A round in October. It includes funds from First Round Capital, which has participated in each of Kandji’s four investment rounds to date. Kandji has raised a total of $88.5 million since it was founded in 2018.
“We see our investment in Kandji as an unprecedented opportunity,” commented Niki Pezeshki, partner at Felicis Ventures. “Kandji has not only impressed us with its technical vision for next-generation Apple device management, protection, and compliance, but perhaps more importantly the company has demonstrated the skill to capture a growing share of an expanding mobile device management (MDM) market. We are confident the Kandji team will continue to deliver on the outsized potential ahead.”
Kandji helps enterprise and midsize companies protect and manage Apple products, including Mac computers as well as iPad, iPhone, and Apple TV devices. As Apple becomes increasingly prevalent in the workplace, research indicates that the Apple enterprise management market is increasing by 17.8 percent CAGR and is forecast to reach $23 billion by 2024.
“Working hand-in-hand with our customers, we are solving the needs of even the most sophisticated companies,” said Adam Pettit, CEO and co-founder of Kandji.
Those customers—which include Allbirds, Attentive, Belkin, Crunchbase, Noom, Siete Family Foods, Thrive Market, Remitly, Netskope, HackerOne, Rackspace, FabFitFun, and SEMrush—span more than 40 global industries. Kandji gives them the power and flexibility to reach their full productive and collaborative potential.
The Kandji solution is a modern, cloud-based platform that streamlines tasks for IT administrators, making it easier to quickly and securely manage and deploy Apple devices among distributed workforces. With support for Apple products that goes beyond traditional MDM, Kandji provides one-click compliance templates and more than 150 pre-built automations, apps, and workflows.
“In response to enterprise demand, we have broadened the platform to include Single Sign-on (SSO), self-service functionality, and an API for enterprise-grade extensibility,” commented Pettit. “In the weeks and months ahead Kandji will again redefine Apple device management with new, purpose-built upgrades that will accelerate the impact Apple devices have in enterprises big and small.”
Customers can expect to see new integrations that will extend Kandji’s ability to work with the enterprise IT stack, more tools for enabling enterprise endpoint compliance and security, and easier ways to let users know what’s happening on their managed devices.
“We are pushing the limits of innovation in the fast-growing Apple enterprise management ecosystem so that modern businesses can thrive, whether in a meeting room, on the road, or working from home,” said Pettit.