NinjaOne, a leading automated endpoint management platform, has secured $500m in Series C extensions, bringing its valuation to $5bn.
The investment was led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other private investors.
The funding will be used to advance research and development in autonomous endpoint management, automated patching and vulnerability remediation. Additionally, the investment will fuel NinjaOne’s expansion into broader IT use cases aimed at enhancing employee device experiences. The company also plans to strengthen its world-class customer support and fund its acquisition of Dropsuite, a SaaS backup and data protection provider, in a deal valued at $262m.
NinjaOne’s cloud-native platform provides IT teams with visibility, security, and control over endpoints across more than 24,000 customers in 120+ countries. The firm automates patch management, improves security, and helps businesses reduce operational costs. Its customer base includes major brands such as Nvidia, Lyft, Cintas, Vimeo, HelloFresh, The King’s Trust, and Porsche.
Following this latest round, NinjaOne remains founder-led and controlled, with co-founders Sal Sferlazza and Chris Matarese holding the majority of equity and voting power. The pair also retain control of the Board of Directors.
Over the past year, the company has launched 20 product updates, including NinjaOne AI for Patch Sentiment, Mobile Device Management (MDM), and free Warranty Tracking. It has also been recognised in the Gartner Market Guide for Endpoint Management Tools and the Canalys RMM and PSA Leadership Matrix 2025.
NinjaOne CEO and co-founder Sal Sferlazza said, “At NinjaOne, we are investing in innovation across our platform with a vision to make endpoint and patch management as easy and autonomous as possible, while continuing to expand into other AI, IT, and security use cases.
“Endpoints are the backbone of organizations today, and we believe in the coming years, providing products that support the user and their devices will be critical to making our customers successful.”
NinjaOne president, CFO, and co-founder Chris Matarese said, “Sal is a technical, product-first CEO who is obsessed with creating the best possible experience for NinjaOne customers.
“Many private equity funded companies focus on cutting services to increase profits. At NinjaOne, we believe in investing more to provide additional value to our customers. This funding will allow us to commit even more resources to building an unparalleled platform, and we are extremely confident that with Sal’s product leadership, our investments will continue to elevate NinjaOne as the preeminent solution in the market.”
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