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Apex Trader Funding - News

Kandji Raises $100M in Capital to Further Accelerate Growth

SAN FRANCISCO, July 17, 2024 (GLOBE NEWSWIRE) -- Kandji, the Apple endpoint management and security platform, today 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 round brings Kandji's valuation to $850 million. Deep Nishar from General Catalyst will join the company's Board of Directors. Kandji will use the equity financing to support investment in product innovation and engineering, enabling Kandji to bring further advancements to its integrated platform for the comprehensive management and security of enterprise Apple devices. The investment from General Catalyst's Customer Value strategy will be used to accelerate growth and scale investments in sales and marketing. "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," said Deep Nishar, General Catalyst Managing Partner. "We believe Kandji has a truly differentiated approach, and we are excited to embark on this long-term partnership with Adam and team." "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 ...