NinjaOne, a leading automated endpoint management platform, has secured $500 million in Series C extension funding, pushing its valuation to $5 billion. The investment came in multiple tranches led by ICONIQ Growth and CapitalG, Alphabet’s independent investment arm, with additional contributions from prominent private investors. This funding will enable NinjaOne to enhance its research and development, particularly in autonomous endpoint management, patching, and vulnerability remediation, while also expanding its IT use cases to improve employee device experiences.

Acquisition of Dropsuite

A significant portion of the investment will also support NinjaOne’s pending acquisition of Dropsuite, a SaaS backup and data protection company, for $262 million. The company aims to integrate Dropsuite’s technology into its existing platform to offer enhanced data security and backup solutions. Alongside these advancements, NinjaOne remains committed to maintaining its high standards of customer support and furthering its market leadership in endpoint management.

Founder-Led and Debt-Free Structure

Despite the fresh funding, NinjaOne remains a founder-led and controlled enterprise with no debt, reinforcing its independence in strategic decision-making. Co-founders Sal Sferlazza and Chris Matarese continue to hold the largest equity stakes in the company, maintaining majority control of the Board of Directors and voting power. This autonomy has allowed the company to prioritize long-term product development and customer-centric innovation over short-term financial gains.

Growing Customer Base and Industry Recognition

NinjaOne currently serves more than 24,000 customers, including major corporations such as Nvidia, Lyft, Cintas, Vimeo, HelloFresh, The King’s Trust, and Porsche. Over the past year, the company has achieved several milestones, including its recognition as a representative vendor in the Gartner Market Guide for Endpoint Management Tools and a Champion ranking in the Canalys RMM and PSA Leadership Matrix 2025. Additionally, it launched 20 product updates, featuring innovations such as NinjaOne AI for Patch Sentiment, NinjaOne Mobile Device Management (MDM), and free Warranty Tracking.

Commitment to Innovation

CEO and co-founder Sal Sferlazza emphasized the company’s commitment to innovation, stating that NinjaOne is focused on making endpoint and patch management more autonomous while exploring AI, IT, and security applications. He underscored the critical role of endpoint management in modern organizations and highlighted the company’s dedication to delivering solutions that enhance user and device experiences. The company’s approach aims to position NinjaOne at the forefront of an increasingly complex IT landscape where automation is key.

Investment in Customer Value

President, CFO, and co-founder Chris Matarese echoed this sentiment, noting that NinjaOne’s focus on customer satisfaction differentiates it from private equity-backed companies that often prioritize cost-cutting measures. He emphasized that the latest funding round will allow the company to invest further in its platform while ensuring the highest level of customer service. With Sferlazza’s leadership and a commitment to long-term value creation, NinjaOne expects to strengthen its position as a dominant player in the IT software industry.

Support from Investors

ICONIQ Growth General Partner Roy Luo praised NinjaOne’s ability to develop an intuitive yet powerful platform at a time when endpoint growth is accelerating. He highlighted the company’s customer-centric approach as a key driver of its success and expressed confidence in its ability to expand leadership in automated endpoint management. Luo affirmed that ICONIQ Growth is eager to support NinjaOne’s continued evolution as it scales its capabilities and market presence.

Derek Zanutto, General Partner at CapitalG, described NinjaOne as a potential generational company redefining automated endpoint management. He emphasized the platform’s ability to transform enterprise IT operations while maintaining a strong focus on customer results. Zanutto reiterated CapitalG’s commitment to supporting NinjaOne as it navigates challenges in managing enterprise endpoints and drives innovation in IT software solutions.

With this latest funding round, NinjaOne is well-positioned to accelerate its technological advancements, solidify its market leadership, and deliver cutting-edge solutions to enterprises worldwide. As the demand for efficient endpoint management grows, the company remains focused on innovation, strategic expansion, and maintaining its strong customer relationships. The infusion of capital ensures that NinjaOne can continue pushing the boundaries of automation in IT management while strengthening its competitive edge.