NinjaOne, an automated endpoint management platform, today announced $500 million in Series C extensions at a $5 billion valuation. This funding came in separate tranches led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other prominent private investors.
The 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. It will also support retaining the company’s over-investment in support and provide funding for the company’s pending acquisition of SaaS backup and data protection leader Dropsuite.
NinjaOne has no debt and remains a founder-led and controlled business after the Series C extensions. And 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 a majority of the company’s voting power. NinjaOne has over 24,000 customers, including Nvidia, Lyft, Cintas, Vimeo, HelloFresh, The King’s Trust, and Porsche. The company’s record over the past year included:
— Announcing its intent to acquire SaaS backup and data protection leader Dropsuite for $262 million
— Launching 20 product releases such as NinjaOne AI for Patch Sentiment, NinjaOne Mobile Device Management (MDM), and free Warranty Tracking
KEY QUOTES:
“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. Endpoints are the backbone of organizations 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 Sferlazza, CEO and co-founder at NinjaOne
“Sal is a technical, product-first CEO who is obsessed with creating the best possible experience for NinjaOne customers. 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.”
– Chris Matarese, President, CFO, and co-founder at NinjaOne
“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. 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.”
– Roy Luo, General Partner at ICONIQ Growth
“NinjaOne has the potential to be a generational company. The NinjaOne platform is reimagining what is possible in automated endpoint management while prioritizing 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. Endpoints are nearly impossible to manage across the enterprise, and CapitalG is committed to helping NinjaOne and its customers succeed where others have failed.”
– Derek Zanutto, General Partner at CapitalG
