NinjaOne announces $231.5m Series C funding to lead endpoint management innovation

NinjaOne, a frontrunner in IT solutions for endpoint management, security, and visibility, announced its latest financial milestone with a $231.5 million Series C funding round led by ICONIQ Growth. This significant investment round also saw participation from industry luminaries such as Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, among others. This strategic infusion of capital has catapulted NinjaOne’s valuation to $1.9 billion, reinforcing its position as a leader in the IT management domain.

Following the Series C funding, ICONIQ Growth General Partner Roy Luo has taken a seat on NinjaOne’s board of directors, marking a new chapter in the company’s journey towards expanding its global footprint and enhancing product innovation. NinjaOne, a founder-led enterprise, has shown remarkable year-on-year acceleration since acquiring its first customer, with an impressive ARR (Annual Recurring Revenue) growth rate exceeding 70% in 2023. The latest funding round is a testament to NinjaOne’s sustained success and its pivotal role in addressing the challenges and opportunities presented by the endpoint ecosystem.

In today’s digital landscape, where remote and hybrid work models have become the norm, managing and securing endpoints has emerged as a critical concern for businesses worldwide. NinjaOne’s CEO and Founder, Sal Sferlazza, emphasized the company’s commitment to leveraging this investment to bolster customer support, drive product innovation, and scale the business to meet evolving customer demands. NinjaOne’s mission is to navigate the complexities of endpoint management, offering comprehensive solutions to MSPs (Managed Service Providers) and IT teams across the globe.

Since its inception in 2013 by Sferlazza and Chris Matarese, President and CFO, NinjaOne has expanded its capabilities beyond traditional remote monitoring and management (RMM) solutions. Today, it automates endpoint management for over 17,000 customers, managing more than seven million endpoints worldwide. With a customer base that spans over 80 countries, including notable organizations like Hello Fresh and Nvidia, NinjaOne provides unparalleled support and training to ensure every customer, regardless of size, achieves success.

ICONIQ Growth, known for its investments in some of the world’s most influential technology companies, has recognized NinjaOne’s exceptional leadership and product innovation. Roy Luo lauded the company’s dynamic energy and customer-centric approach, expressing excitement for its continued growth and market expansion. Amit Agarwal of Datadog highlighted the increasing complexity of endpoint management in the current cybersecurity landscape, praising NinjaOne’s innovative solutions tailored for IT teams.