Fleet Raises $27M In Series B To Expand Open Device Management

Fleet, an open device management company, has secured $27 million in Series B funding, led by Ten Eleven Ventures, pushing its total funding to $52.3 million. This injection of capital aims to accelerate the development and adoption of Fleet's platform, which offers both self-hosting and cloud-hosted options to help organizations manage their computing devices independently. The investment comes after Fleet achieved six-fold revenue growth over the past two years. Ten Eleven Ventures' Operating Partner, Scott Lundgren, has joined Fleet's board of directors, underscoring the significance of the platform's open-source, flexible, and transparent approach to device management. Lundgren likened Fleet to a missing piece in traditional device management solutions, offering unprecedented security and control over diverse devices, including Macs, phones, and desktop Linux. The funding round was robustly supported by other investors such as CRV, Open Core Ventures, and notable industry figures like GitLab co-founder Sid Sijbrandij. Fleet is gaining traction among top companies like Stripe and Uber, with its capability to work across various platforms and environments. As traditional MDM providers push for cloud-only solutions, Fleet's offering provides companies with crucial flexibility to meet compliance and internal data privacy standards. This differentiation fuels growth for Fleet's partners including integrators like CDW and SHI. Fleet CEO Mike McNeil emphasizes the company's commitment to open-source principles and customer choice, hinting at continuous innovation to remain responsive to evolving technological needs.