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NinjaOne, a prominent IT platform specializing in endpoint management, security, and visibility, has announced the successful completion of a $231.5 million Series C funding round, with ICONIQ Growth leading the investment. Other notable contributors to the round include Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog. As a result of this financing, Roy Luo, General Partner at ICONIQ Growth, has joined NinjaOne’s board of directors. The company, which is founder-led, has consistently demonstrated remarkable growth, boasting a 70+ percent Annual Recurring Revenue (ARR) increase in 2023. This Series C funding has attributed a valuation of $1.9 billion to the organization.
Sal Sferlazza, CEO and Founder of NinjaOne, expressed, “ICONIQ Growth’s investment in NinjaOne is being utilized to enhance our customers’ success. We are intensifying our commitment to customer support, making substantial investments in platform and product innovation to address and automate a broader range of use cases, and ensuring the scalability of our business to meet our customers’ evolving needs.”
NinjaOne, recognizing the increasing importance of endpoints in the current era, marked by a surge in remote and hybrid work arrangements, is determined to mitigate risks and capitalize on opportunities. The company aims to address the challenges associated with endpoint management, including productivity, security, and costs. Astonishingly, more than half of employees utilize four to five endpoint devices daily, yet a staggering 90 percent of organizations struggle to actively monitor all endpoints, according to Enterprise Strategy Group.*
With a focus on automation, NinjaOne serves over 17,000 customers worldwide, providing essential visibility, security, and control. Originally founded in 2013 to assist Managed Service Providers (MSPs) in transitioning from legacy remote monitoring and management solutions, NinjaOne has evolved to manage over seven million endpoints for MSP and IT teams. The platform has a global presence, supporting customers in over 80 countries, including notable names such as Hello Fresh, Network Coverage, Nissan, Nvidia, Pabst Brewing Company, Prime Care Technologies, State of California, and University of Oxford. NinjaOne distinguishes itself by offering unlimited and free onboarding, training, and support to all customers, regardless of their size.
ICONIQ Growth, the latest investor in NinjaOne, boasts significant investments in leading technology companies worldwide, such as Adyen, Datadog, Gitlab, Miro, Snowflake, and more. Roy Luo, General Partner at ICONIQ Growth, commended NinjaOne’s exceptional leadership, product innovation, increased market share, geographic expansion, and customer growth. He emphasized their support for NinjaOne’s commitment to customer success and global growth trajectory.
Amit Agarwal, President of Datadog, highlighted the increasing complexity and scale of managing endpoints in the context of hybrid work and the proliferation of personal mobile devices. Agarwal expressed enthusiasm as an investor, praising NinjaOne’s deep understanding of the issue and their innovative solution for IT teams.
NinjaOne’s platform addresses various use cases and holds the top-rated position on G2 in seven categories, including endpoint management, Remote Monitoring and Management (RMM), and patch management. Additionally, NinjaOne provides endpoint backup, multi-tenant MSP backup, one-click control for remote support, and seamless integration with numerous IT and security technologies.
The company is headquartered in Austin, Texas, United States
