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Kandji raises $100 million from General Catalyst in latest fund-raise
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Kandji raises $100 million from General Catalyst in latest fund-raise
Jul 17, 2024 4:21 AM

July 17 (Reuters) - Kandji, a startup that manages Apple ( AAPL )

devices used by corporate employees, said on Wednesday

it has raised $100 million from venture capital firm General

Catalyst to invest in its technology and product.

San Diego-based Kandji was valued at $850 million after the

fund-raise, only slightly higher than the $800-million valuation

it had when it raised $100 million in 2021 led by Tiger Global

Management.

As compared to devices running on Microsoft ( MSFT ) and

Alphabet operating systems, the software powering

Apple ( AAPL ) devices is generally closed off and needs special

integrations to be managed by a third-party organization, which

is where Kandji steps in.

The company counts Allbirds ( BIRD ), Canva and Notion as

its customers and has partnerships with tech services firms like

ServiceNow ( NOW ), Amazon.com's ( AMZN ) AWS and Okta ( OKTA ).

"Kandji brings a unique combination of innovative solutions

and fiscal value to their customers with their sophisticated

approach to Apple ( AAPL ) endpoint management and security," said Deep

Nishar, managing partner at General Catalyst, who will also join

the company's board of directors.

The company said its annual recurring revenue has grown over

600% and customer base by nearly four times since 2021, without

disclosing financial figures.

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