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Kandji secures $100 million in funding from General Catalyst, raising its valuation to $850 million and accelerating its growth in Apple device management and security. The investment supports product innovation, market expansion, and new tools for IT teams. Kandji’s rapid revenue growth and recognition in Forbes’ Next Billion Dollar Startup List highlight its significant industry impact.
Unveiling Kandji’s Latest Funding Triumph
Kandji, a leader in Apple device management, has announced a significant milestone by securing $100 million in funding from General Catalyst. This influx of capital raises Kandji’s valuation to $850 million, underscoring its rapid growth and market impact.
The Strategic Investment Breakdown
The $100 million funding is split into two main allocations. The first $50 million is dedicated to equity financing for Kandji’s Series D round, aimed at bolstering the company’s financial foundation. The remaining $50 million is earmarked for go-to-market investments, designed to accelerate Kandji’s expansion and market penetration. This strategic investment brings Deep Nishar from General Catalyst onto Kandji’s Board of Directors, adding significant expertise to the company’s leadership team.
Driving Innovation and Growth
Kandji plans to use the new funding to drive product innovation and enhance its engineering capabilities. The company aims to further develop its integrated platform for the comprehensive management and security of Apple devices in enterprises. Adam Pettit, CEO and co-founder, emphasizes that this investment will support Kandji’s mission to provide thoughtful automation and unparalleled customer support, further solidifying its position as a leading platform in the Apple enterprise market.
Kandji’s Market Momentum
Since its last funding round in 2021, Kandji has experienced exponential growth. The company reports a 600% increase in annual recurring revenue and a near quadrupling of its customer base, spanning over 40 industries. Notable clients include Allbirds, Canva, and Notion. Kandji has also forged strategic partnerships with industry leaders such as ServiceNow, AWS, and Okta, enhancing its market presence and customer reach.
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Advanced Product Offerings
Kandji continues to innovate with new product offerings that address the needs of IT teams managing Apple devices. Recent advancements include Assignment Maps and Prism, tools that enhance automation and visibility for managing Apple device fleets. These innovations help IT teams streamline operations, reduce manual tasks, and improve overall efficiency in managing enterprise Apple devices.
Recognitions and Industry Impact
Kandji’s rapid growth and innovative approach have not gone unnoticed. The company has been named to Forbes’ Next Billion Dollar Startup List for 2023, highlighting its potential to achieve unicorn status. This recognition underscores Kandji’s significant impact on the industry and its role in advancing Apple device management and security.
A New Era for Apple Device Management
Kandji remains committed to its vision of delivering thoughtful automation, superior customer support, and a seamless user experience. As the company embarks on this new phase of growth, it continues to set the standard for Apple device management and security in the enterprise sector. With its latest funding and ongoing innovations, Kandji is well-positioned to lead the way in this rapidly evolving market.
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