NinjaOne, an automated endpoint management platform, has announced a $500 million extension to its Series C funding at a valuation of $5 billion. The investment was led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, alongside other private investors. The funding will be used to advance research and development in autonomous endpoint management, automated patching, and vulnerability remediation. Additionally, it will support expanded IT solutions that enhance employee device experiences. The company also intends to allocate resources to maintain its strong customer support framework and finalize the acquisition of Dropsuite, a SaaS backup and data protection provider, for $262 million.
Following this funding round, NinjaOne remains a founder-led and debt-free company, with co-founders Sal Sferlazza and Chris Matarese retaining majority control. The company serves more than 24,000 customers, including Nvidia, Lyft, and Porsche, and has achieved significant milestones over the past year like launching 20 new product updates. Investors expressed confidence in NinjaOne’s vision, emphasizing its ability to modernize endpoint management through automation and innovation. With this funding, the company aims to strengthen its market position and continue delivering advanced IT solutions for businesses worldwide.
