In a move signaling its continued and ambitious growth trajectory, automated endpoint management company NinjaOne has announced a substantial $500 million Series C extension funding round, valuing the company at an impressive $5 billion. This financial milestone is further amplified by NinjaOne's recent strategic acquisition of Dropsuite, a prominent SaaS backup and data protection provider. Collectively, these two most recent developments underscore NinjaOne's commitment to innovation, expansion, and providing comprehensive solutions for modern IT challenges. This all comes at a time when IT environments continue to become increasingly complex, driving growth in demand for MSPs, a key target for NinjaOne, which was a Gold sponsor of the recently concluded MSP Expo in Ft. Lauderdale, Florida.
The $500 million funding extension was spearheaded by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, demonstrating strong investor confidence in NinjaOne's vision and execution. Industry analysts like Gartner have highlighted the growing need for intelligent automation, security, and operational efficiency in endpoint management. This investment will fuel NinjaOne's research and development efforts, particularly in the realm of autonomous endpoint management, allowing it to better accommodate those growing demands.
The company aims to pioneer advancements in autonomous patching, vulnerability remediation, and AI-driven IT solutions designed to enhance employee experiences with their devices.
Sal Sferlazza, CEO and co-founder of NinjaOne, emphasized this focus, stating, "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."
NinjaOne's momentum is further highlighted by it recent acquisition of Dropsuite for approximately $252 million, a strategic step towards creating a more holistic IT management platform. The acquisition addresses the critical need for robust data protection in an era where businesses are increasingly reliant on SaaS applications and face escalating cyber threats.
One of the side effects of digital transformation and the rapid growth of cloud technologies is that workers are using more devices and more SaaS applications, which inherently increases cyber risk. Furthermore, Gartner predicts that by 2028, a significant majority (75%) of enterprises will prioritize SaaS application backup as part of the IT resiliency strategies – that’s up from 15% last year.
By integrating Dropsuite's cloud data backup, archiving, and recovery solutions, NinjaOne is proactively expanding its capabilities to secure data across endpoints and SaaS applications.
Chris Matarese, President, CFO, and co-founder of NinjaOne explained the value to MSPs: “Dropsuite will help our customers be more successful by extending data protection from the endpoint to SaaS applications, automating and simplifying backup, and filling critical data protection gaps.”
With a customer base that includes major organizations like Nvidia, Lyft, and Porsche, NinjaOne is clearly resonating with the market. The latest funding and the acquisition of Dropsuite are poised to further solidify NinjaOne's solid footing in the automated endpoint management space.
Derek Zanutto, General Partner at CapitalG, believes its’ potential is even greater: “NinjaOne has the potential to be a generational company. The NinjaOne platform is reimagining what is possible in automated endpoint management while prioritizing results for customers and partners.”
Edited by
Erik Linask
