NinjaOne, an Austin, TX-based provider of an IT platform for endpoint management, security, and visibility, raised $231.5M in Series C funding.

The round was led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, among others, also participated. This minority investment valued the company at $1.9 Billion.

With this financing, ICONIQ Growth General Partner Roy Luo has joined NinjaOne’s board of directors.

The company intends to use the funds to accelerate the customer success and support, product innovation, and growth.

Originally founded by Sal Sferlazza, CEO, and Chris Matarese, President and CFO, in 2013, NinjaOne automates parts of IT, empowering more than 17,000 IT teams with visibility, security, and control over all endpoints. Its platform addresses a wide range of use cases and is the top-rated software on G2 in seven categories, including endpoint management, RMM, and patch management. NinjaOne also offers endpoint backup, multi-tenant MSP backup, one-click control for remote support, and integrates with IT and security technologies. The company supports customers in more than 80 countries, including Hello Fresh, Network Coverage, Nissan, Nvidia, Pabst Brewing Company, Prime Care Technologies, State of California, and University of Oxford.

Commenting on the news, Sal Sferlazza said: “We are in the decade of the endpoint, fueled by a wave of workers pushed remote and hybrid during and since the pandemic. Whether you are an MSP in charge of running and protecting other peoples’ businesses, or a CIO in charge of one, endpoints pose a significant risk and opportunity. We are excited and humbled to partner with ICONIQ Growth to fuel our customers’ success.”

FinSMEs

06/02/2024