**Fleet Secures $27 Million in Series B Funding to Advance Open Device Management Platform**
Device management provider Fleet has successfully secured $27 million in Series B funding, a strategic initiative designed to expedite the evolution of its open device management platform. The funding round, spearheaded by Ten Eleven Ventures, elevates Fleet’s total funding to $52.3 million. The company has demonstrated a remarkable 6x revenue increase in the past two years and intends to leverage the new funds to broaden its uptake among enterprises in search of flexible deployment solutions.
Fleet’s platform grants organizations the choice of either self-hosted management or utilizing Fleet’s cloud service. It sets itself apart as one of the rare device management providers that permits customers to host the product in their own cloud infrastructures.
“Fleet is open source, so we constructed everything to be open from the outset,” remarked Fleet’s CEO Mike McNeil. “Hosting is an integral part of that. Fleet has consistently prioritized allowing users to host wherever they wish. Over time, we’ve introduced enterprise-grade managed hosting, and many organizations find that preferable due to its simplicity. However, we will always give customers the freedom to choose.”
The phrase “open device management” signifies Fleet’s dedication to transparency, automation, and extensibility. IT and security teams can use Fleet to audit and oversee devices across multiple platforms, such as Apple, Windows, and Linux. Prominent companies including Stripe, Uber, Fastly, Reddit, and Deloitte are already leveraging Fleet’s services.
Scott MacVicar, Head of Developer Infrastructure and Corporate Technology at Stripe, shared his perspective: “Fleet enabled us to avoid being compelled to shift to the cloud by our existing MDM provider. We managed to transition everything to Fleet a few weeks prior to our renewal.”
As part of the Series B funding round, Scott Lundgren, Operating Partner at Ten Eleven Ventures and former CTO of Carbon Black, has been appointed to Fleet’s board of directors. Additional backers in this round comprise CRV, Open Core Ventures, GitLab Cofounder Sid Sijbrandij, and Vercel CEO Guillermo Rauch, among others.
Fleet has also created a partner ecosystem that includes CDW and Deel, among others. The company underscores technical enablement and market collaboration with its partners, asserting that its roadmap is influenced by direct input from both users and resellers.
With this fresh capital, Fleet is strategically positioned to bolster its offerings and increase its presence in the competitive device management landscape.
