Kandji announced it has raised $100 million in capital from General Catalyst, with $50 million allocated to equity financing for its Series D and $50 million for go-to-market investment. This latest funding round brings Kandji’s valuation to $850 million. Deep Nishar from General Catalyst will join the company’s Board of Directors in connection with the funding.
Kandji will use the equity funding to support investment in product innovation and engineering, enabling Kandji to bring more advancements to its integrated platform for the comprehensive management and security of enterprise Apple devices. And the funding from General Catalyst’s Customer Value strategy will be used to accelerate growth and scale investments in sales and marketing.
This new funding round follows continued company momentum for Kandji. And since the last funding round in 2021, the company has seen over a 600% increase in annual recurring revenue, and its customer base has grown nearly 4X across 40+ industries. And notable customers include Allbirds, Canva, and Notion, and the company has partnerships with such industry giants as ServiceNow, AWS, and Okta.
Kandji is continuing to bring new product innovation to the market and recently announced advancements to its product portfolio with Assignment Maps and Prism, both of which equip IT teams with the automation and visibility needed to manage Apple device fleets at scale. Kandji was also named to Forbes’ Next Billion Dollar Startup List 2023 and recognized as a top venture-backed startup with the potential to reach unicorn status.
KEY QUOTES:
“In our view, Kandji brings a unique combination of innovative solutions and fiscal value to their customers with their sophisticated approach to Apple endpoint management and security. We believe Kandji has a truly differentiated approach, and we are excited to embark on this long-term partnership with Adam and team.”
– Deep Nishar, General Catalyst Managing Partner
“Delivering value to customers has been our north star since founding Kandji in 2018, and we’ve realized this vision by building products that enable the comprehensive endpoint management and security of Apple devices in the enterprise. As we embark on this next phase of growth, we remain steadfast in our mission of bringing thoughtful automation, unparalleled customer support, and a superior experience to admins and end users. Our future product innovation will only continue this trajectory and further establish Kandji as the leading integrated platform for enterprise Apple device management and security.”
– Adam Pettit, CEO and co-founder of Kandji
