NinjaOne Receives $231.5 Million Investment

NinjaOne announced that it has raised a $231.5 million Series C funding round led by ICONIQ Growth. Frank Slootman, President and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others, also invested in the round. ICONIQ Growth General Partner Roy Luo joined NinjaOne's board of directors with this financing.

Also See: Swiss Startup Jua Receives $16 Million Investment

"We are Excited and Proud to Partner with ICONIQ Growth"

NinjaOne is a founder-led business. Since its first customer, it has gained momentum every year. This is evidenced by an ARR growth rate of over 70 per cent in 2023. This minority investment valued the company at $1.9 billion. Every organisation works on endpoints. However, endpoints are also the source of some of the greatest risks to productivity, security and costs. According to Enterprise Strategy Group, more than 50 per cent of employees use four to five endpoint devices every day. However, a staggering 90 percent of organisations say they are unable to actively monitor all endpoints. NinjaOne automates endpoint management for more than 17,000 customers who need visibility, security and control. NinjaOne was originally founded by Sferlazza and President and CFO Chris Matarese in 2013 to help MSPs move beyond legacy solutions in remote monitoring and management (RMM). It has since expanded to manage more than seven million endpoints for MSP and IT teams.

NinjaOne Supports Customers in 80+ Countries

NinjaOne supports customers in over 80 countries, including Hello Fresh, Network Coverage, Nissan, Nvidia, Pabst Brewing Company, Prime Care Technologies, the State of California, and Oxford University. NinjaOne offers unlimited and free engagement, training and support to every customer, no matter how big or small. The NinjaOne platform addresses a wide range of use cases. Endpoint management is also the highest-scoring software in G2 in seven categories, including RMM and patch management. In addition, NinjaOne offers one-click control for endpoint backup, multi-tenant MSP backup, remote support, and integrates with dozens of IT and security technologies.