NinjaOne, an automated endpoint management platform, has raised $500 million in a Series C extension, pushing its valuation to $5 billion. The funding was secured in separate tranches, led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other leading private investors.
The capital will accelerate research and development in autonomous endpoint management, patching, and vulnerability remediation, while also expanding IT use cases to enhance employee device experiences.
Additionally, it will support NinjaOne’s commitment to world-class customer support and fund the company’s pending $262 million acquisition of SaaS backup and data protection leader Dropsuite.
Automates endpoint management
Founded in 2013 by Sal Sferlazza and Chris Matarese, NinjaOne launched its core platform in 2015 after two years in stealth mode. The cloud-native automated endpoint management platform that helps IT teams and managed service providers (MSPs) monitor, manage, secure, and automate their IT environments.
Its key capabilities include:
- Endpoint management: Provides visibility and control over all endpoints (PCs, servers, and mobile devices)
- Patch management: Automates patching for OS and third-party software to reduce security risks
- Remote monitoring & management (RMM): Enables IT teams to troubleshoot and fix issues remotely
- IT automation: Streamlines repetitive tasks like software deployment and system updates
- Backup & data protection: Secures endpoints with automated backups and recovery solutions
- Help desk & IT support: Integrates with ticketing systems for IT service management
NinjaOne simplifies IT operations, reduces downtime, improves security, and enhances employee productivity by ensuring devices are always updated and running efficiently. The platform is used by over 24,000 customers across 120+ countries, including companies like Nvidia, Lyft, and Porsche.
“At NinjaOne, we are investing in innovation across our platform with a vision to make endpoint and patch management as easy and autonomous as possible, while continuing to expand into other AI, IT, and security use cases,” said Sferlazza, CEO and co-founder at NinjaOne. “Endpoints are the backbone of organisations today, and we believe in the coming years, providing products that support the user and their devices will be critical to making our customers successful.”
“Sal is a technical, product-first CEO who is obsessed with creating the best possible experience for NinjaOne customers,” said Matarese, President, CFO, and co-founder at NinjaOne. “Many private equity funded companies focus on cutting services to increase profits. At NinjaOne, we believe in investing more to provide additional value to our customers. This funding will allow us to commit even more resources to building an unparalleled platform, and we are extremely confident that with Sal’s product leadership, our investments will continue to elevate NinjaOne as the preeminent solution in the market.”
“By putting the customer at the center of every decision, Sal and Chris developed a sophisticated yet easy-to-use platform at a time when endpoint growth is surging, leaving legacy solutions behind,” said Roy Luo, General Partner at ICONIQ Growth. “We believe this differentiated mindset will ensure their continued success. As NinjaOne enters this next phase of growth, we’re excited to see them expand their leadership in automated endpoint management and proud to deepen our partnership.”
“NinjaOne has the potential to be a generational company. The NinjaOne platform is reimagining what is possible in automated endpoint management while prioritising results for customers and partners. Coupled with its terrific culture and exceptional leadership team, we find NinjaOne to be one of the strongest IT software companies in the world,” said Derek Zanutto, General Partner at CapitalG. “Endpoints are nearly impossible to manage across the enterprise, and CapitalG is committed to helping NinjaOne and its customers succeed where others have failed.”
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