Kandji, a US-based device management software developer for Apple products, has secured $100m in a series C round featuring identity management software provider Okta’s investment arm, Okta Ventures.
Investment firm Tiger Global Management led the round, which included SVB Capital, Definition, B Capital Group, First Round Capital, Greycroft, Frontline Ventures, The Spruce House Partnership and Felicis Ventures.
Founded in 2018, Kandji developed a platform that allows employees to easily and securely access authorised Apple devices from anywhere without jumping through too many security hurdles.
The series C proceeds will be used to open a new office in London, expand the company’s product offering and grow its global team. This latest round brings its total funding to approximately $189m.
Kandji raised $60m in a series B round led by Felicis Ventures in April this year that also featured Okta Ventures, SVB Capital, The Spruce House Partnership and Greycroft.
Okta Ventures had previously contributed to Kandji’s $21m series A round, in October 2020, which was led by Greycroft with participation from B Capital Group and First Round Capital.
The company had raised $3.4m in a March 2019 seed round backed by First Round, Webb Investment and angel investors Lee Fixel and John Glynn, following up with a $4m extension in February 2020 according to a regulatory filing.
Adam Pettit, Kandji’s co-founder and chief executive, said: “It is vital that enterprises effectively manage and protect their employees’ devices within our ‘work from anywhere’ reality.
“We are also seeing IT and security merge – 53% of [chief information security officers] now have IT responsibilities, an increase of 39% from 2019. Kandji’s zero-touch solution, with app patching, alerts and one-click compliance templates, delivers world-class security while employees appreciate a personalised experience out of the box.”
