Iru Valuation, Funding & Investors

Iru is valued at $850M as of July 2024.

See full Iru profile

Last Iru valuation

$850M

Series D · Jul 2024

Last Iru funding round

$100M

Series D · Jul 2024

Cumulative funding Iru raised

$288M

across 6 funding rounds

Key investors in Iru

  • First Round Capital
  • Webb Investment Network
  • Lee Fixel
  • Greycroft
  • B Capital
  • Okta Ventures

Iru Overview

About Iru

Iru is an AI-driven security and IT platform that unifies identity management, endpoint protection, and compliance for scaling companies. It deploys agents on devices and apps to enforce zero-trust access and automate audits. Tel Aviv-based Iru integrates with cloud providers like AWS and Microsoft Azure, serving tech firms in Europe and North America.


Founded

2018

HQ

United StatesMiami, FL

Website

iru.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$850M (Jul 2024)

Iru Valuation

Iru is currently valued at $850M, based on its Series D in July 2024.

The $100M round was led by General Catalyst.

Iru's valuation has grown 1.1x from $800M at its Series C in November 2021 to $850M in July 2024, across 2 priced rounds.

Iru valuation by funding round

Iru valuation by funding round
DateStageValuation
Jul 2024Series D$850M
Nov 2021Series C$800M

Iru Funding History

Iru has raised a total of $288M across 6 funding rounds.

Iru's first fundraising round was a $3M seed round in October 2019. The most recent completed round was a $100M Series D in July 2024.

Iru funding rounds

Iru funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2024Series DGeneral Catalyst (lead)$100M$850MKandji is an Apple device management platform that enables organizations to manage and secure Apple endpoints at scale. Kandji's solution addresses enterprise demand for unified Apple device management, competing in the MDM and endpoint management space. The company raised $100 million in its Series D funding round led by General Catalyst on July 17, 2024, at a post-money valuation of $849.97 million. This represents significant growth from the company's prior Series C valuation of $800.3 million in November 2021, when it also raised $100.54 million. The Series D brought total funding raised to approximately $238.99 million across multiple rounds. The company's strong investor backing includes participation from prominent venture firms such as B Capital Group, Definition, Felicis Ventures, and Okta Ventures across its funding history.
Nov 2021Series CTiger Global (lead); SVB Capital; First Round Capital; Felicis; Definition; Greycroft; Frontline Ventures; The Spruce House Partnership; B Capital; Okta Ventures$100M$800MIru raised $100.54 million in a Series C funding round on November 18, 2021, led by Tiger Global with participation from B Capital Group, Definition, Felicis Ventures, First Round Capital, Frontline Ventures, Greycroft, Okta Ventures, SVB Capital, and The Spruce House Partnership, at a post-money valuation of $800.3 million. TechCrunch reported the round as $100 million on an $800 million valuation, noting a 10x increase from the prior year and highlighting rapidly growing revenue.
Apr 2021Series BFelicis (lead); SVB Capital; First Round Capital; Greycroft; The Spruce House Partnership; B Capital; Webb Investment Network; Lee Fixel; Okta Ventures; Operator Partners$60M--
Oct 2020Series AGreycroft (lead); Edward Lando; First Round Capital; Pareto Holdings; B Capital; Webb Investment Network; Lee Fixel; Okta Ventures; Operator Partners$21M--
Feb 2020SeedLee Fixel (lead); First Round Capital; Webb Investment Network; Mango Capital$4M--
Oct 2019SeedFirst Round Capital (lead); Webb Investment Network; Lee Fixel$3M--

Who has invested in Iru?

17 investors have backed Iru across its funding rounds, including First Round Capital, Webb Investment Network, Lee Fixel, Greycroft, B Capital and Okta Ventures.

Lead investors include General Catalyst, Tiger Global, Felicis, Greycroft, Lee Fixel and 1 other investor.


Iru Investors

Investors in Iru by funding rounds participated
InvestorHQRoundsRoleFirst check
First Round CapitalUnited StatesPhiladelphia, PA5LeadOct 2019
Webb Investment NetworkUnited StatesSan Francisco, CA4ParticipantOct 2019
Lee FixelUnited StatesNew York City, NY4LeadOct 2019
GreycroftUnited StatesNew York City, NY3LeadOct 2020
B CapitalUnited StatesLos Angeles, CA3ParticipantOct 2020
Okta VenturesUnited StatesUnited States3ParticipantOct 2020
SVB CapitalUnited StatesSan Francisco, CA2ParticipantApr 2021
FelicisUnited StatesSan Francisco, CA2LeadApr 2021
The Spruce House PartnershipUnited StatesNew York City, NY2ParticipantApr 2021
Operator PartnersUnited StatesNew York City, NY2ParticipantOct 2020
General CatalystUnited StatesSan Francisco, CA1LeadJul 2024
Edward LandoUnited StatesMiami, FL1ParticipantOct 2020
Pareto HoldingsUnited StatesNew York City, NY1ParticipantOct 2020

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Iru Competitors

Iru competitors include listed companies like Mitek Systems and Riskified, and private ones like BigID, Sift, Sardine and Tines.

Public and private companies comparable to Iru
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Mitek SystemsUnited StatesUnited StatesPublicly listed$180M$37M$754M3.6x
BigIDUnited StatesNew York City, NYPrivate$100M-$1B10.0x
SiftUnited StatesSan Francisco, CAPrivate--$1B-
SardineUnited StatesMiami, FLPrivate--$660M-
TinesIrelandDublinPrivate--$1.1B-
RiskifiedUnited StatesUnited StatesPublicly listed$345M($31M)$820M1.6x

Iru Public Comps

Iru is still privately-owned, but its public comps include Yubico, Riskified, Rapid7, Asiainfo Security, BeiJing Certificate, Mitek Systems, CANCOM, Aura.com, NSFOCUS and Feitian Technologies.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Yubico$226M$19M3.2x3.2x39.4x25.5x
Riskified$345M($31M)1.8x1.6x(19.9x)18.6x
Rapid7$860M$63M1.2x1.3x16.9x6.6x
Asiainfo Security$1.2B($11M)1.2x1.1x(128.3x)345.7x
BeiJing Certificate$125M($12M)6.8x-(71.7x)-
Mitek Systems$180M$37M3.9x3.6x19.2x10.8x
CANCOM$2B$118M0.4x0.4x6.3x5.7x
Aura.com$193M($155M)5.7x-(7.0x)-

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Common questions about Iru

When was Iru founded?Iru was founded in 2018.
Where is Iru headquartered?Iru is headquartered in Miami, FL, United States.
Is Iru publicly listed?No, Iru is a private, VC-backed company.
What is Iru's valuation?Iru was last valued at $850M in its Series D in July 2024.
How much funding has Iru raised?Iru has raised $288M across 6 funding rounds.
What was Iru's last funding round?Iru's last funding round was a $100M Series D in July 2024, led by General Catalyst.
Who are Iru's investors?Iru's investors include First Round Capital, Webb Investment Network, Lee Fixel, Greycroft, B Capital, Okta Ventures, SVB Capital, Felicis, The Spruce House Partnership, Operator Partners and 7 others.
Which companies are comparable to Iru?Companies comparable to Iru include Mitek Systems, BigID, Sift, Sardine, Tines and Riskified.

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