Fleetsmith raises $30 Million in Series B Funding led by Menlo Ventures

BFSI News

Fleetsmith-raises-30-Million-in-Series-B-Funding-led-by-Menlo-Ventures Fleetsmith raises $30 Million in Series B Funding led by Menlo VenturesFleetsmith, a San Francisco, California-based Apple device management service provider, as per recent reports, has announced raising $30 million in a Series B funding round. The funding round was led by Menlo Ventures, a Menlo Park, California-based venture capital firm that provides funding for seed, early stage, and growth companies, and was participated by Tiger Global Management, Upfront Ventures, and Harrison Metal.

Naomi Pilosof Ionita, a partner at Menlo Ventures and former product and growth lead at Evernote, will be joining Fleetsmith’s Board of Directors, along with Matt Murphy, also a partner at Menlo Ventures, who’ll be joining Fleetsmith as a board observer.

With this latest Series B funding, Fleetsmith, in total, has raised over $40 million. The San Francisco-based Fleetsmith plans to utilize this new funding to further enhance its device management platform, expand its global presence, and recruit new technology professionals across a variety of functions.

“We were immediately impressed by Fleetsmith’s customer and product-centric mentality,” stated Naomi Pilosof Ionita, a partner at Menlo Ventures. “They are solving real pain points around device management and their product empowers IT, management, and security teams. Customers recognize the value of Fleetsmith in minutes—not weeks or months. It’s the way a modern product built for IT should work.”

Since its Series A funding completion in April last year, Fleetsmith announced the general availability of its flagship product – Fleetsmith Intelligence, a device monitoring tool; technical support for enterprises using Office 365 and iOS and tvOS devices; additional new features on its Dashboard and Audit Log products, and a reseller program called the Fleetsmith Partner Program.

“This latest round of funding demonstrates continued confidence in our strategy, which has helped companies automate device management and put security first,” stated Zack Blum, CEO and co-founder of Fleetsmith. “Over the past year, we have built an incredible team and shipped tons of new customer-requested features. Now, we look forward to growing the company so we can bring modern device management to even more organizations around the world.”