NinjaOne, an Austin-based startup, has raised $500 million in a funding round at a $5 billion valuation. This is more than double the company’s value from a year ago. NinjaOne develops an endpoint monitoring and management platform that helps IT professionals and companies secure computer devices.
The company announced the investment on Monday. The funds will be dedicated to NinjaOne’s research and development on autonomous endpoint management. In February 2024, NinjaOne secured a $231.5 million funding round at a $1.9 billion valuation.
“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 co-founder and CEO Sal Sferlazza. Sferlazza added, “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.”
The venture funding was led by Google-parent company Alphabet’s independent investment fund.
NinjaOne expands autonomous endpoint management
The sizeable funding round will also aid in the acquisition of an Australia-based cloud data protection company. This acquisition is expected to close within the next few months. NinjaOne, formerly known as NinjaRMM, relocated its headquarters to Austin from San Francisco in 2021.
Sferlazza founded NinjaRMM alongside President and CFO Chris Matarese in 2013. The company is among the many Austin- and Texas-based start-ups to secure substantial funding recently. Earlier this month, Apptronik secured $350 million in funding led by B Capital, Capital Factory, and Google.
The funds will support the deployment of the artificial intelligence robotics company’s humanoid robot. Other start-ups that have raised funding recently include Saronic, a drone boat start-up that raised $600 million at a $4 billion valuation to build a bigger shipyard, and Icon Technologies, a 3D-printing construction start-up that raised $56 million.
Photo by; Ifeoluwa A. on Unsplash
