Kandji — which makes an Apple device management (MDM) solution built exclusively for IT teams — has announced US$60 million Series B funding led by Felicis Ventures with participation from SVB Capital, Greycroft, Okta Ventures, and The Spruce House Partnership.
Kandji CEO Adam Pettit says the funding underscores the fast-growing market opportunity around Apple in the enterprise as companies look to Kandji for device management that streamlines the most common and complex tasks for Apple IT administrators and enables remote work deployments to get up and running quickly and securely. The investment comes on the heels of a $21 million Series A funding round in October and 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.
Kandji offers midsize and enterprise customers a zero-touch solution for protecting and managing Apple products such as Macs as well as iPad, iPhone, and Apple TV devices, including keeping them in compliance. As these devices become exponentially more prevalent in the workplace, research indicates that the Apple Enterprise Management market is increasing by 17.8% compound annual growth rate and is forecast to reach $23 billion by 2024.