NinjaOne: IT platform NinjaOne valued at nearly $2 billion after latest funding round

February 6, 2024

, By Team SNFYI

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NinjaOne raised fresh capital in a Series C funding round that valued the IT platform at about $1.9 billion, the company said on Tuesday.

Texas-based NinjaOne operates in more than 80 countries and counts chipmaker Nvidia, the State of California and University of Oxford among its customers.

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The company, which automates IT processes, plans to use the proceeds to improve customer support and for scaling up the business.
The latest funding round that raised $231.5 million was led by new investor ICONIQ Growth and also drew investments from data cloud company Snowflake CEO Frank Slootman, among others.

The funding marks a rare bright spot for the start-up investment market in the United States, which has seen subdued activity despite the frenzy around artificial intelligence.

In 2023, U.S. investors injected $170.6 billion into start-ups, 30% lower than in 2022, according to PitchBook data.

Discover the stories of your interest

Founded in 2013 by CEO Sal Sferlazza and CFO Chris Matarese, NinjaOne launched its core platform in 2015 after two years in stealth mode, according to the company’s website.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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NinjaOne: IT platform NinjaOne valued at nearly $2 billion after latest funding round

February 6, 2024

, By Team SNFYI

NinjaOne raised fresh capital in a Series C funding round that valued the IT platform at about $1.9 billion, the company said on Tuesday.

Texas-based NinjaOne operates in more than 80 countries and counts chipmaker Nvidia, the State of California and University of Oxford among its customers.

Elevate Your Tech Prowess with High-Value Skill Courses

Offering College	Course	Website
IIM Kozhikode	IIMK Advanced Data Science For Managers	Visit
IIT Delhi	IITD Certificate Programme in Data Science & Machine Learning	Visit
Indian School of Business	ISB Product Management	Visit

The company, which automates IT processes, plans to use the proceeds to improve customer support and for scaling up the business.
The latest funding round that raised $231.5 million was led by new investor ICONIQ Growth and also drew investments from data cloud company Snowflake CEO Frank Slootman, among others.

The funding marks a rare bright spot for the start-up investment market in the United States, which has seen subdued activity despite the frenzy around artificial intelligence.

In 2023, U.S. investors injected $170.6 billion into start-ups, 30% lower than in 2022, according to PitchBook data.

Discover the stories of your interest

Founded in 2013 by CEO Sal Sferlazza and CFO Chris Matarese, NinjaOne launched its core platform in 2015 after two years in stealth mode, according to the company’s website.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

IEX POWER MARKET UPDATE, JANUARY’24

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Bumble launches AI feature to protect users against spam, scam and fake profiles: All details

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