SECURITY

Frank Slootman , Chairman and CEO of Snowflake , and Amit Agarwal , President of Datadog , among others , also invested in the round .

With this financing , ICONIQ Growth General Partner Roy Luo has joined NinjaOne ’ s board of directors . NinjaOne is a founder-led business that has accelerated every year since its first customer , evidenced by a 70-plus % ARR growth rate in 2023 . This minority investment valued the company at US $ 1.9 billion .

“ ICONIQ Growth ’ s investment in NinjaOne is being used to make our customers more successful . We are quadrupling down on customer support , heavily investing in platform and product innovation to solve and automate more use cases , and ensuring the business can scale to meet our customers ’ needs ,” said Sal Sferlazza , CEO and Founder at NinjaOne . “ We are in the decade of the endpoint , fueled by a wave of workers pushed remote and hybrid during and since the pandemic . Whether you are an MSP in charge of running and protecting other peoples ’ businesses , or a CIO in charge of one , endpoints pose a significant risk and opportunity . We are excited and humbled to partner with ICONIQ Growth to fuel our customers ’ success .”

Nissan , Nvidia , Pabst Brewing Company , Prime Care Technologies , State of California and University of Oxford . NinjaOne offers unlimited and free onboarding , training and support to every customer , no matter how big or small .

ICONIQ Growth , NinjaOne ’ s newest investor , has made meaningful investments in some of the world ’ s largest technology companies including Adyen , Datadog , Gitlab , Miro and Snowflake .

“ Under Sal and Chris ’ s exceptional leadership , NinjaOne has demonstrated impressive product velocity , leading to increased market share , geographic expansion and customer growth ,” said Roy Luo , General Partner at ICONIQ Growth . “ We are thrilled to support their dynamic energy , relentless commitment to customer success and continued growth trajectory via our global platform .”

“ Managing endpoints has always been a complex challenge for IT teams . With recent trends in hybrid work and cybersecurity proliferation of personal mobile devices , the problem continues to grow exponentially in complexity and scale ,” said Amit Agarwal , President of Datadog . “ Sal and the NinjaOne team have a deep understanding of the problem and have built an innovative solution that solves many of these issues for IT teams , and I ’ m thrilled to participate as an investor .”

Every organisation runs on endpoints , but endpoints are also the source of some of the greatest risks in productivity , security and costs . More than 50 % of employees use four to five endpoint devices each day , but a staggering 90 % of organisations say they cannot even actively monitor all endpoints , according to Enterprise Strategy Group .

NinjaOne automates endpoint management for more than 17,000 customers who need visibility , security and control . Originally founded by Sferlazza and President and CFO , Chris Matarese , in 2013 to help MSPs move beyond legacy solutions in remote monitoring and management ( RMM ), NinjaOne has since expanded to manage more than seven million endpoints for MSP and IT teams .

NinjaOne supports customers in more than 80 countries , including Hello Fresh , Network Coverage ,

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