MSP Expo Gold Sponsor NinjaOne Secures $231.5M Series C Funding

MSP Expo Gold Sponsor NinjaOne Secures $231.5M Series C Funding

By Alex Passett

MSP Expo 2024 is nearly upon us, readers! From February 13-15 in Fort Lauderdale, Florida, MSPs and technology specialists will share growth strategies and attend keynote speeches, workshops, and myriad networking events – not to forget taking time to walk the massive expo hall where exhibitors will showcase their latest products for the managed services industry.

Ahead of the show, one of its Gold sponsors NinjaOne – a renowned IT platform for premier endpoint management, security and visibility solutions trusted by companies ranging from NVIDIA and Nissan to Staples and HelloFresh – officially announced earlier this week that it has successfully raised $231.5 million in a Series C funding round led primarily by ICONIQ Growth. (With this financing, ICONIQ Growth General Partner Roy Luo has also joined NinjaOne’s board of directors.)

NinjaOne’s platform – the pillars of which much of this financing rests upon – centers around the simplification of endpoint management for MSPs and IT departments worldwide. With remote monitoring and management (RMM) and endpoint management tools for IT teams (as well as patch management, software development, monitoring and alerts, and scripting and automation), NinjaOne’s customers are able to scale their IT management and save their IT specialists countless hours on patching and troubleshooting. After all, every organization runs on endpoints, but endpoints themselves are also the source of some of the greatest risks to productivity, security, and unforeseen cost hikes.

Thus, NinjaOne has received funding it needs via meaningful investments from ICONIQ Growth (which has previously invested in large technology companies like Snowflake, Datadog, Gitlab and others).

“Under exceptional leadership, NinjaOne has demonstrated impressive product velocity, leading to increased market share, geographic expansion and customer growth,” said Roy Luo, General Partner at ICONIQ Growth. “We are thrilled to support their dynamic energy, relentless commitment to customer success, and continued growth trajectory via our global platform.”

“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,” said Sal Sferlazza, NinjaOne founder and CEO. “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.”

Edited by Greg Tavarez
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