Automating endpoint security: NinjaOne raises $231.5m in its Series C

NinjaOne, a forefront player in the IT management sector known for its endpoint management, security, and visibility solutions, has successfully secured a $231.5m Series C funding.

The round was led by ICONIQ Growth, with significant contributions from notable investors such as Frank Slootman, Chairman and CEO of Snowflake, and Amit Agarwal, President of Datadog. This strategic investment has brought ICONIQ Growth General Partner Roy Luo onto NinjaOne’s board of directors, marking a new chapter in the company’s journey towards innovation and market expansion.

At its core, NinjaOne is dedicated to automating endpoint management for organisations striving for enhanced visibility, security, and control over their IT environments. Founded by Sal Sferlazza and Chris Matarese in 2013, the company initially aimed to revolutionise remote monitoring and management (RMM) for Managed Service Providers (MSPs). Since its inception, NinjaOne has grown significantly, managing over seven million endpoints for MSP and IT teams across more than 80 countries, serving esteemed clients like Hello Fresh, Nissan, and the University of Oxford.

The recent funding is earmarked for multiple strategic initiatives aimed at bolstering customer success and support, driving product innovation, and ensuring scalable growth.

Sal Sferlazza expressed his enthusiasm about the investment, stating, “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.”

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