NinjaOne, a company specializing in enterprise endpoint management solutions, secured a total of $500 million in new funding to extend its Series C capital round. The separate investments, led by ICONIQ Growth and CapitalG respectively, value the company at $5 billion.
The capital will help enhance several key areas. NinjaOne will primarily invest in research and development, focusing on improving autonomous endpoint management, autonomous patching and vulnerability remediation. The company also plans to expand into additional IT use cases to enhance employee experiences with devices. Additionally, NinjaOne will fund its upcoming acquisition of Dropsuite, a SaaS backup and data protection company, for $262 million.
The extension funding follows a period of growth for the NinjaOne, including the release of 20 new products within the past year. By continuing to invest in innovation and customer support, NinjaOne aims to build a comprehensive platform that addresses a wide range of IT and security needs. The company is currently hiring across all departments.
