NinjaOne, which provides endpoint management, security and monitoring, raised $500 million in Series C extensions at a $5 billion valuation — more than doubling its value from just 12 months ago.
The company said the new funding came in separate tranches led by Iconiq Growth and Google’s CapitalG, with participation from other investors.
The Austin, Texas-based company announced a $231.5 million Series C led by Iconiq at a $1.9 billion valuation just a year ago.
Securing endpoints has been a main pillar of cybersecurity since the industry started. However, the need has only increased as many people work outside an office and with a variety of networks and devices.
“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,” said founder and CEO Sal Sferlazza. “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.”
Big rounds
Cyber has always shown great resilience when it comes to securing its fair share of venture funding. This year seems to be no different.
NinjaOne’s round comes just days after another security startup, Verkada — a developer of security systems for the real world — locked up a $200 million Series E led by General Catalyst that values the San Mateo, California-based firm at $4.5 billion.
NinjaOne’s massive raise is the largest since France-based I-Tracing, a managed security service provider, raised a venture round of approximately $516 million last June.
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