Another week, another big capital raise for a tech startup in San Diego.
Kandji, the company that provides device management and security software for Apple hardware used by remote workers, announced Thursday that it has raised $ 100 million in new venture capital.
This is the third time Kandji has raised money this year to support its rapid growth – sparked by more people working from all over the world.
Kandji started the year with 40 employees. It now has 250. Sales are up 700 percent year-on-year, according to the company.
“Apple continues to grow significantly at the company,” said Adam Pettit, CEO and co-founder of Kandji. “Most employees who leave college either use an Apple device or want to use an Apple device. With this being the most competitive job market in history, you really want to be responsive to your employees, not require them to use a Windows device. “
In most organizations, Windows-based computers still make up the bulk of the hardware used by remote workers. Several of Kandji’s competitors offer device management / security tools for all remote devices – from PCs to Macs to Chromebooks.
By specializing in Apple devices, Kandji believes it can deliver a “very in-depth product” compared to its competitors.
“Apple is just a very different platform from Microsoft, and Microsoft is different from Google,” said Pettit. “As companies build their Apple presence, they may still have many non-Apple devices that they keep in their multi-platform solution. But they pull the Apple devices out and into something like Kandji. ”
The startup’s software offers things like app patching, alerts, one-click compliance templates, data protection, and automated device setup, as well as logging in with a password.
Kandji joins a handful of San Diego tech startups who have run large rounds of funding in the past three months, including ClickUp ($ 400 million), Flock Freight ($ 215 million), Cloudbeds ($ 150 million) Dollars) and Drata ($ 100 million).
The company has 1,000 customers in 40 industries led by software, information technology, healthcare and retail. Customers include Belkin, Noom, Rackspace and Whoop.
Kandji will use funds to boost its expansion into Europe. It will also invest in adding new features to its cloud-based software.
This final round was led by Tiger Global with the participation of Definition, Frontline Ventures. That makes the company valued at $ 800 million, according to Kandji.
Existing investors also participated, including First Round Capital, Greycroft, Felicis Ventures, The Spruce House Partnership, B Capital Group, SVB Capital and Okta Ventures.
“The future of work is remote and hybrid,” says John Curtius, partner at Tiger Global. “Kandji helps companies provide remote workers with a sleek, seamless experience while raising the bar for security across the organization.”