The company plans to use the Series C funding to increase headcount over the next year. Here are the top-line bullets you need to know.
Kandji, an Apple mobile device management technology company, has raised $100M in a Series C round. The round drew participation from B Capital Group, Okta Ventures, Felicis Ventures, Greycroft, and First Round Capital, among others.
HOW’S THE COMPANY PERFORMING?
- California-based Kandji offers Apple mobile device management and security services.
- The company’s revenue has grown 700%+ over the past year, and its valuation has increased 10x since its Series A round in October 2020.
- Kandji caters to around 1,000 customers across 40 industries — some of its clients include Noom, Allbirds, Belkin, Attentive, Lacework, GitHub, Segment, Rackspace, 1Password, Zoom, and Remitly.
- Its employee count has increased from 40 at the beginning of 2021 to 250 at present.
- The company maintains offices in San Diego and London.
WHY DOES THE MARKET MATTER?
- The global mobile device management market is projected to reach a value of $24.2B by 2027, growing at a CAGR of 28.2%, according to Research Dive.
- Around 56% of today’s IT leaders are more confident in being able to remotely manage Apple devices than they were 2 years ago (for comparison, 37% of leaders reported feeling the same way about Windows devices), according to a survey conducted by Kandji.
- Workforces have become more distributed amid the Covid-19 pandemic, increasing the demand for solutions to manage devices and systems outside of the office.