NinjaOne has secured $500 million in Series C extensions at a $5 billion valuation, and this new funding will drive research and development focused on autonomous endpoint management, autonomous patching and vulnerability remediation, and expanded IT use cases that improve employee experiences with devices.
The venture funding came in separate tranches that were led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other private investors.
The funding will also support retaining the company’s overinvestment in customer support as well as provide funding for the NinjaOne’s pending acquisition of Dropsuite.
NinjaOne has no debt and remains a founder-led and controlled business after the Series C extensions.
Co-founders Sal Sferlazza and Chris Matarese remain the biggest equity holders in the company, have majority control of the Board of Directors, and hold most of the company’s voting power.
NinjaOne has more than 24,000 customers, including Nvidia, Lyft, Cintas, Vimeo, HelloFresh, The King’s Trust, and Porsche.
Sferlazza, CEO and co-founder at NinjaOne (pictured) said: “We have 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.
“Endpoints are the backbone of organisations today, and we believe in providing products that support the user, and their devices will be critical to making our customers successful.”
Matarese, President, CFO, and co-founder at NinjaOne added: “At NinjaOne, we believe in investing more to provide additional value to our customers, and this funding will allow us to commit even more resources.”
