NinjaOne, a Texas startup in the automated endpoint management space, on Monday announced a $500 million infusion in Series C extensions that values the company at $5 billion.
The new capital was provided by ICONIQ Growth and CapitalG, Alphabet’s independent investment arm, and confirms growing investor confidence in technologies designed to streamline IT operations and device management.
NInjaOne, which maintains headquarters in Austin, said the funds will be used to advance research and development in autonomous endpoint management, including automated patching and vulnerability remediation.
In addition, the funds will facilitate NinjaOne’s pending $252 million acquisition of Dropsuite, an Australian company that provides cloud data backup, archiving and recovery security software.
NinjaOne said it has no debt and remains a founder-led and controlled business after the latest Series C extensions. The company boasts of a customer base that includes Nvidia, Lyft, Cintas, Vimeo, HelloFresh, The King’s Trust, and Porsche.
NinjaOne is selling a suite of tools designed to streamline endpoint management across diverse environments. The product suite provides centralized monitoring and remote control for devices running Windows, macOS, Linux, and even mobile operating systems, enabling IT teams to maintain visibility and control over an organization’s entire device fleet.
The company touts its real-time monitoring capabilities, customizable alerts, and remote support functionalities to help technicians troubleshoot issues and deploy updates efficiently, with a dashboard that simplifies management tasks that were once fragmented across multiple systems.
The NinjaOne products also offer automated patch management for both operating systems and third-party applications, as well as an integrated scripting engine to facilitate routine tasks.
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