Austin, USA-based IT platform for endpoint management, security, and visibility provider NinjaOne raised USD 231.5M in Series C funding. The round took place on February 6, 2024. ICONIQ Growth led the financing for the company. Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog, along with others, also invested in the round.
What the company’s official has to add
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.”
What the investors have to comment
Roy Luo, General Partner at ICONIQ Growth, further added, “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, further added, “Managing endpoints has always been a complex challenge for IT teams. With recent trends in hybrid work and the 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.”
About the company
Christopher Matarese, Eric Herrera and Sal Sferlazza are the founders of the company. NinjaOne automates the most difficult aspects of IT, providing more than 17,000 IT teams with visibility, protection, and management over all endpoints. The NinjaOne platform has been shown to improve productivity while lowering risk and IT expenses. NinjaOne is consistently ranked first for world-class assistance, and it is the highest-rated software on G2 in seven areas, including endpoint management, remote monitoring and management, and patch management.
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