Insight Partners led a USD196m Series B for Mosyle, a Brazil- and US-based MDM (Mobile Device Management) platform for Apple devices, with participation from StepStone Group, and follow-on from Elephant and Album VC. Elephant and Peak Ventures led a USD16m Series A in February 2019.
(TechCrunch) – Mosyle, a mobile device management platform for Apple devices, today announced that it raised $196 million in a Series B funding round led by Insight Partners with participation from StepStone Group and previous investors including Elephant and Album VC. CEO Alcyr Araujo says that the round, which comes as Moysle introduces a new product, Apple Unified Platform for Business, will be put toward supporting company growth and “fuel[ing] innovation.”
Mobile device management, or MDM, lets IT admins monitor and manage devices like smartphones, tablets and laptops that access business data. MDM is an increasingly useful technology as more and more businesses count on employees using personal devices to access company apps, which is no doubt why Apple has over the years released MDM features aimed at enterprise customers. Araujo makes the case, however, that MDM with Apple devices remains fraught from a security and privacy perspective.
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