NinjaOne secures $231.5M Series C, valuation soars to $1.9B

NinjaOne secured $231.5M in its Series C funding round, led by Iconiq Growth with participants like Snowflake's chairman and CEO Frank Slootman and the president of Datadog Amit Agarwal.

• Impressive Valuation: This round catapulted NinjaOne's valuation to $1.9B, showcasing investor confidence in the company's trajectory and potential.

• Selective Funding Strategy: NinjaOne CEO, Sal Sferlazza, revealed that while they were not actively seeking funds, multiple investors expressed interest. The choice of Iconiq was strategic, aiming for a partnership that would propel long-term achievement.

• Rapid Growth and Development: Since its inception in 2014 by Sferlazza and Chris Matarese, NinjaOne has swiftly adapted to market needs, including the shift to remote work, by focusing on endpoint risk management and leveraging AI to streamline IT operations.

• Product Suite and Client Base: The company proudly manages over seven million endpoints for a diverse client list featuring prominent names such as Hello Fresh and Nvidia.

• Investment Allocation: The freshly acquired capital is earmarked for team expansion and further automation enhancements, aimed at simplifying IT management's most challenging aspects for customers.

New board member Roy Luo from Iconiq commended NinjaOne's leadership for driving the product's momentum and market penetration, expressing excitement for the company's vibrant energy and commitment to clients.