Total amount raised
$761.5 Millions
Latest funding date
2/1/2025
Location
NinjaOne has successfully raised $231.5 million in Series C funding, led by ICONIQ Growth. The platform specializes in Unified Endpoint Management (UEM) and IT management software, offering a comprehensive suite of services.
Keep reading to explore the intricacies of NinjaOne's fundraising journey and the investors backing this innovative platform.
What Is NinjaOne?
NinjaOne, founded in 2013, is headquartered in Austin, Texas. The company was established by Christopher Matarese, Eric Herrera, and Sal Sferlazza.
Specializing in IT management software, NinjaOne offers a comprehensive platform for endpoint management, remote monitoring, and patch management. Their solutions aim to enhance productivity, minimize risks, and reduce IT expenses.
With a workforce of 1001-5000 employees, NinjaOne continues to innovate in the IT management space, providing tools that empower IT teams with visibility, security, and control over all endpoints.
How Much Funding Has NinjaOne Raised?
- Series C
- Amount Raised: $500M
- Date: February 2025
- Lead Investors: CapitalG, ICONIQ Growth
- Valuation at Round: $5 billion
- Motivation Behind the Round: To fuel platform innovation, global expansion, and customer success. Funds will also support the acquisition of Dropsuite.
- Series C
- Amount Raised: $231.5M
- Date: February 2024
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's platform and services.
- Venture Round
- Amount Raised: $30M
- Date: March 2020
- Lead Investors: Summit Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product development and market reach.
Total Amount Raised: $761.5M. Current Valuation: $5 billion.
Key Investors
- CapitalG
- Details: CapitalG is Alphabet Inc.'s independent growth equity investment fund. It focuses on helping companies scale and succeed in areas where others have failed.
- Investment Focus Areas: Growth-stage technology companies, automated endpoint management, IT software companies.
- Notable Investments: Airbnb, Stripe, Lyft.
- ICONIQ Growth
- Details: ICONIQ Growth is a venture capital firm that focuses on growth-stage technology companies. It is known for supporting companies with a customer-centric approach and innovative mindset.
- Investment Focus Areas: Growth-stage technology companies, automated endpoint management, IT and security use cases.
- Notable Investments: Snowflake, Datadog, Uber.
- Summit Partners
- Details: Summit Partners is a global alternative investment firm. It invests in growth equity, fixed income, and public equity opportunities.
- Investment Focus Areas: Growth equity, fixed income, public equity opportunities.
- Notable Investments: Avast, McAfee, Uber.
What's Next for NinjaOne?
NinjaOne is poised to seize significant opportunities in the IT management space, driven by its recent $500 million Series C funding. The acquisition of Dropsuite will enhance its SaaS backup and data protection capabilities, while investments in autonomous endpoint management and vulnerability remediation promise to redefine industry standards. With a valuation of $5 billion, the company is well-positioned to expand its global footprint and customer base, currently serving over 24,000 clients.
Future fundraising opportunities appear promising, given the substantial investor confidence and market potential. However, NinjaOne will need to navigate challenges such as integrating new acquisitions, maintaining rapid innovation, and staying ahead of competitors. Ensuring consistent customer satisfaction and support will be crucial as the company scales its operations and continues to innovate in a rapidly evolving industry.
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