Endpoint management startup NinjaOne raises $500M at $5B valuation

NinjaOne LLC, a startup with a platform that helps enterprises manage their employees’ devices, has secured $500 million in fresh funding.

The company detailed today that the capital was provided as an extension to a Series C round it announced last year. Alphabet Inc.’s CapitalG startup fund and ICONIQ Growth led the new investment. NinjaOne is now valued at $5 billion. 

Founded in 2013, NinjaOne provides a platform that information technology teams use to maintain workers’ personal computers and mobile devices. The company claims that its software can significantly reduce the amount of manual work involved in the task. It also promises to reduce the risk of data breaches in the process.

In a large enterprise with upwards of thousands of employee endpoints, some devices can go unnoticed. Such systems pose a potential cybersecurity risk and often have unfixed technical issues. To address the challenge, NinjaOne automatically creates an inventory of the devices in a corporate network along with the software they run.

The platform can detect when one of the devices it finds requires patching. NinjaOne enables administrators to download updates for Windows, macOS and Linux along with more than 200 applications. The company claims that its platform’s automation features reduce the amount of time required to roll out patches by 90%. 

A built-in observability system enables IT teams to monitor employee devices for technical issues. NinjaOne says that the feature can detect hardware failures, ransomware and a range of other problems. A complementary networking tool enables technicians to remotely log into a malfunctioning employee device for troubleshooting purposes. 

NinjaOne’s platform is capable of fixing some technical issues on its own. According to the company, administrators can create remediation scripts that activate in response to specific malfunctions. An IT team could, for example, create a script that detects when a crashed device needs to be rebooted and performs the task without any manual input.

To prevent technical issues from causing data loss, NinjaOne also ships its platform with a cloud-based backup tool. Last month, it announced plans to expand its data protection capabilities by acquiring Australia-based Dropsuite Pvt Ltd. for $252 million. The latter company develops a backup and recovery platform for software-as-a-service applications. 

Dropsuite’s product doubles as an archiving system. Companies such as banks can use it to store infrequency-used records that they must retain for extended time periods to comply with regulations. 

NinjaOne will use its new funding to finance the Dropsuite acquisition. Additionally, the company plans to develop new features for automating device management and cybersecurity tasks.

Image: NinjaOne

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