Thursday, April 18, 2024
HomeFunding TX-based NinjaOne Secures $231.5Million in Series C Round Funding

[Funding alert] TX-based NinjaOne Secures $231.5Million in Series C Round Funding

TX-based NinjaOne secures $231.5million in series C round funding led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others also invested in the round.

TX-based NinjaOne secures $231.5million in series C round funding led by ICONIQ Growth. Frank Slootman, Chairman and CEO of Snowflake; and Amit Agarwal, President of Datadog; among others also invested in the round.

Read also – IL-based Kin Secures $15Million in Funding

With this financing, ICONIQ Growth General Partner Roy Luo has joined NinjaOne’s board of directors. NinjaOne is a founder-led business that has accelerated every year since its first customer, evidenced by a 70+ percent ARR growth rate in 2023. This minority investment valued the company at $1.9 billion.

Sal Sferlazza, CEO and Founder at NinjaOne said, “ICONIQ Growth’s investment in NinjaOne is being used to make our customers more successful. We are quadrupling down on customer support, heavily investing in platform and product innovation to solve and automate more use cases, and ensuring the business can scale to meet our customers’ needs, 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.”

Every organization runs on endpoints, but endpoints are also the source of some of the greatest risks in productivity, security, and costs.

Read also – Ca-based Ambience Healthcare Secures $70Million in Series B Round Funding

More than 50 percent of employees use four to five endpoint devices each day, but a staggering 90 percent of organizations say they cannot even actively monitor all endpoints, according to Enterprise Strategy Group.

Roy Luo, General Partner at ICONIQ Growth said, “ICONIQ Growth, NinjaOne’s newest investor, has made meaningful investments in some of the world’s largest technology companies including Adyen, Datadog, Gitlab, Miro, Snowflake, and more. Under Sal and Chris’s exceptional leadership, NinjaOne has demonstrated impressive product velocity, leading to increased market share, geographic expansion, and customer growth, We are thrilled to support their dynamic energy, relentless commitment to customer success, and continued growth trajectory via our global platform.”

Amit Agarwal, President of Datadog said, “Managing endpoints has always been a complex challenge for IT teams. With recent trends in hybrid work and cybersecurity proliferation of personal mobile devices, the problem continues to grow exponentially in complexity and scale, Sal and the NinjaOne team have a deep understanding of the problem and have built an innovative solution that solves many of these issues for IT teams, and I’m thrilled to participate as an investor.”

The NinjaOne 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 dozens of IT and security technologies.

Read also – SC-based 6AM City Secures an Undisclosed Amount in Series A Round Funding

About NinjaOne

NinjaOne automates the hardest parts of IT, empowering more than 17,000 IT teams with visibility, security, and control over all endpoints. The NinjaOne platform is proven to increase productivity, while reducing risk and IT costs.

Read also – MO-based Juristat Secures an Investment from MBM Capital

- Advertisement -
RELATED ARTICLES
- Advertisment -

Most Popular