NinjaOne, an endpoint security and management firm, has raised USD 231.5 million in a Series C funding round led by ICONIQ Growth with participation from Snowflake CEO Frank Slootman and Datadog President Amit Agarwal.
Company officials say the new funding values NinjaOne at USD 1.9 billion, adding that the company was not seeking funding but received interest from potential investors. The company’s total raised following this latest round stands at USD 282.7 million.
The company will reportedly funnel this funding into growing its currently ~1,000 strong team and into investing in automation with the objective of scaling up customer support to meet growing demand.
NinjaOne offers a range of endpoint security solutions, offering capabilities ranging from remote device monitoring and data backup to software deployment, alerting, scripting, and application automations. The company reported an annual recurring revenue (ARR) growth of 70% YoY.
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