NinjaOne Revenue, Valuation, Funding & Investors

NinjaOne is valued at $12B as of June 2026, a 20.5x multiple on its last reported $600M revenue.

Last NinjaOne valuation

$12B

Series C · Jun 2026

Last NinjaOne funding round

$400M

Series C · Jun 2026

NinjaOne revenue

$600M

Series C · Jun 2026

Key investors in NinjaOne

  • ICONIQ Capital
  • CapitalG
  • Sequoia Capital
  • New Enterprise Associates
  • Wellington Management
  • Summit Partners

NinjaOne Overview

About NinjaOne

NinjaOne is an endpoint management platform that unifies remote monitoring, patching, and security for IT administrators. Austin-headquartered, it serves managed service providers and internal teams handling Windows, Mac, and Linux devices. The software excels in automated patch deployment across thousands of endpoints, reducing deployment time by hours. NinjaOne integrates with tools like Microsoft Intune and ConnectWise, offering backup capabilities and one-click remote access. Recognized as the top-rated solution on G2 across endpoint management, RMM, and backup categories, it processes alerts in real-time to minimize downtime.


Founded

2013

HQ

United StatesAustin, TX

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$600M (Jun 2026)

Valuation

$12B (Jun 2026)

NinjaOne Valuation

NinjaOne is currently valued at $12B, based on its Series C in June 2026.

The $400M round included ICONIQ Capital, Wellington Management, New Enterprise Associates, Washington Harbour Partners, MSD Partners and 5 other investors.

NinjaOne's valuation has grown 6.5x from $1.9B at its Series C in February 2024 to $12B in June 2026, across 3 priced rounds.

NinjaOne valuation by funding round

Revenue multiple
NinjaOne valuation by funding round
DateStageValuationRevenue Multiple
Jun 2026Series C$12B20.5x
Feb 2025Series C$5B10.0x
Feb 2024Series C$1.9B3.8x

NinjaOne Revenue

NinjaOne's latest recorded revenue is $600M, as of its Series C in June 2026. At a $12B valuation, that implies a 20.5x revenue multiple.

Revenue grew from $500M in February 2024 to $600M in June 2026, while the revenue multiple moved from 3.8x to 20.5x.

NinjaOne revenue by funding round

NinjaOne revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Jun 2026$600M$12B20.5xSeries C
Feb 2025$500M$5B10.0xSeries C
Feb 2024$500M$1.9B3.8xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

NinjaOne Funding History

NinjaOne has raised a total of $1.2B across 4 funding rounds.

NinjaOne's first fundraising round was a $30M undisclosed-stage round in March 2020. The most recent completed round was a $400M Series C in June 2026.

NinjaOne funding rounds

NinjaOne funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jun 2026Series CICONIQ Capital; Wellington Management; New Enterprise Associates; Washington Harbour Partners; MSD Partners; CapitalG; Sequoia Capital; Teachers’ Venture Growth; Hedosophia; Pinegrove Opportunity Partners$400M$12BNinjaOne, an Austin-based unified IT operations platform, raised more than $400 million in a Series C extension at a $12.3 billion valuation on June 9, 2026. The round included participation from Wellington Management, Teachers’ Venture Growth, BDT & MSD Partners, Sequoia Capital, ICONIQ, Hedosophia, NEA, Washington Harbour Partners, CapitalG, and Pinegrove Opportunity Partners. This secondary share sale enabled early investors and employees to cash out rather than adding new capital to the business. The company remains founder-led and debt-free, serving nearly 40,000 organizations across more than 140 countries. NinjaOne was founded in 2013 by Sal Sferlazza, Chris Matarese, and Eric Herrera, and has raised a total of $1.2 billion in equity funding. The investment underscores the company’s strategic push to expand AI across its IT management platform amid growing market consolidation around a single IT operations platform.
Feb 2025Series CCapitalG (lead); ICONIQ Capital (lead)$500M$5BNinjaOne, an Austin, Texas-based automated endpoint management platform, announced $500 million in Series C extensions on February 24, 2025, at a $5 billion valuation. The funding came in separate tranches led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other private investors. This more than doubled the company's valuation from $1.9 billion in its prior $231.5 million Series C led by ICONIQ Growth in February 2024. The capital will fuel R&D in autonomous endpoint management, patching, vulnerability remediation, expanded IT use cases, world-class customer support, and the pending acquisition of SaaS backup provider Dropsuite for roughly $250 million. NinjaOne provides modern tools for IT teams to manage, secure, monitor, and support endpoints across Windows, Mac, and Linux devices for on-premises and remote workers. The platform emphasizes automation, ease of use, and AI-driven features like Patch Sentiment, Mobile Device Management, and free Warranty Tracking. Recent recognitions include the Gartner Market Guide for Endpoint Management Tools and Canalys RMM and PSA Leadership Matrix 2025. With 1,500 employees, the founder-led company remains controlled by co-founders Sal Sferlazza and Chris Matarese, who hold majority equity and voting power and control the board. Proceeds support platform innovation amid surging endpoint growth, positioning NinjaOne against legacy solutions and competitors like Kaseya and ConnectWise. It aims to expand into AI, IT, and security use cases, improving employee device experiences and customer outcomes. Investors highlight NinjaOne's sophisticated yet user-friendly platform, strong culture, and potential as a generational IT software leader akin to Datadog and ServiceNow. No immediate IPO plans, with focus on growth and transformational aspirations in enterprise IT.
Feb 2024Series CICONIQ Capital (lead); Frank Slootman; Amit Agarwal$232M$1.9BNinjaOne is an Austin-based automated endpoint management platform providing IT teams and managed service providers (MSPs) with tools for security, visibility, remote monitoring, patch management, and automation across millions of endpoints for over 17,000 customers in 80 countries, including enterprises like Nissan, Nvidia, Hello Fresh, and public sector entities. Originally founded in 2013 to modernize remote monitoring and management (RMM) solutions, the company has expanded its cloud-native platform to address surging endpoint growth in hybrid work environments. In early 2024, NinjaOne raised $231.5 million in a Series C funding round led by ICONIQ Growth, with participation from Frank Slootman (Snowflake Chairman and CEO) and Amit Agarwal (Datadog President), valuing the company at $1.9 billion post-money. This minority investment brought total funding to $282.7 million and was intended to enhance customer support, drive platform innovation for autonomous management and AI/IT/security use cases, and support global scaling amid 70% year-over-year revenue growth reported in 2023. ICONIQ Growth's General Partner Roy Luo joined the board, citing NinjaOne's product velocity, market share gains, geographic expansion, and customer focus as key strengths, drawing parallels to portfolio successes like Snowflake and Datadog. The round reflected inbound investor interest despite a challenging market, positioning NinjaOne to consolidate legacy tools and expand beyond core RMM into broader endpoint security and automation. Approximately a year later in February 2025, NinjaOne announced $500 million in Series C extensions led by ICONIQ Growth and CapitalG (Google's fund), doubling the valuation to $5 billion to fund R&D in autonomous patching/vulnerability remediation, new IT use cases, sustained customer support, and the $262 million acquisition of Dropsuite for SaaS backup and data protection integration. This progression underscores NinjaOne's rapid ascent in the cybersecurity and IT management space, competing in endpoint security alongside firms like Verkada, amid resilient venture funding for cyber tools.
Mar 2020Undisclosed stageSummit Partners (lead)$30M-NinjaOne (formerly NinjaRMM) is a cloud-native remote monitoring and management (RMM) platform providing endpoint management, security, and monitoring solutions for managed service providers (MSPs) and IT teams. On March 12, 2020, the company raised a $30 million growth equity round led by Summit Partners, which took a minority stake while keeping NinjaOne independent and founder-led under CEO Salvatore Sferlazza. The funding aimed to accelerate product development, expand market reach, enhance productivity, minimize IT risks, and solidify its position as a leading independent RMM solution. Summit Partners, experienced in scaling SaaS and cloud companies like Jamf and Continuum, provided strategic support without altering the company's operational flexibility. At the time, NinjaOne had established itself through Sferlazza's prior ventures and a team of channel experts, positioning it as an emerging leader in endpoint management amid growing demand for modern IT operations tools. Subsequent funding included a $231.5 million Series C in February 2024 at $1.9 billion valuation led by ICONIQ Growth, followed by a $500 million Series C extension in February 2025 at $5 billion valuation led by ICONIQ Growth and CapitalG, funding platform innovation, global expansion, acquisitions like Dropsuite, and customer support. Total funding reached over $761.5 million across rounds, reflecting strong growth in the IT management sector.

Who has invested in NinjaOne?

13 investors have backed NinjaOne across its funding rounds, including ICONIQ Capital, CapitalG, Sequoia Capital, New Enterprise Associates, Wellington Management and Summit Partners.

Lead investors include CapitalG, ICONIQ Capital and Summit Partners.


NinjaOne Investors

Investors in NinjaOne by funding rounds participated
InvestorHQRoundsRoleFirst check
ICONIQ CapitalUnited StatesSan Francisco, CA3LeadFeb 2024
CapitalGUnited StatesSan Francisco, CA2LeadFeb 2025
Frank SlootmanUnited StatesSan Jose, CA1ParticipantFeb 2024
Wellington ManagementUnited StatesBoston, MA1ParticipantJun 2026
New Enterprise AssociatesUnited StatesSan Francisco, CA1ParticipantJun 2026
Washington Harbour PartnersUnited StatesUnited States1ParticipantJun 2026
MSD PartnersUnited StatesNew York City, NY1ParticipantJun 2026
Amit AgarwalUnited StatesNew York City, NY1ParticipantFeb 2024
Sequoia CapitalUnited StatesSan Francisco, CA1ParticipantJun 2026
Teachers’ Venture GrowthCanadaToronto1ParticipantJun 2026
HedosophiaUnited KingdomLondon1ParticipantJun 2026

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Acquisitions by NinjaOne

NinjaOne has acquired 1 company to date.

Last acquisition by NinjaOne was on January 27th 2025. NinjaOne acquired DropSuite for $252M.


Latest Acquisitions by NinjaOne

DropSuite
Description
Dropsuite is a Singapore-headquartered SaaS provider offering automated backup, archiving, and recovery for email and collaboration tools like Microsoft 365 and Google Workspace. Targeted at small and medium enterprises, the platform ensures compliance with data retention regulations through scalable cloud storage and one-click restores. Listed on the ASX, Dropsuite protects digital assets for over 10,000 organizations worldwide in sectors including finance and legal services.
HQ CountryAustralia
HQ City
Melbourne
Deal Date27 Jan 2025
Valuation$252M
EV/Revenue
EV/EBITDA

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NinjaOne Competitors

NinjaOne competitors include listed companies like Dynatrace, Elastic, CommVault Systems and Open Text, and private ones like Tanium and Sonar.

Public and private companies comparable to NinjaOne
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DynatraceUnited StatesUnited StatesPublicly listed$2B$276M$16B7.0x
ElasticNetherlandsNetherlandsPublicly listed$1.7B$35M$9.3B4.6x
TaniumUnited StatesSeattle, WAPrivate$600M-$9B15.0x
CommVault SystemsUnited StatesUnited StatesPublicly listed$1.2B$84M$6.2B5.0x
Open TextCanadaCanadaPublicly listed$5.2B$1.8B$5.7B2.1x
SonarSwitzerlandGenevaPrivate$175M-$4.7B26.9x

NinjaOne Public Comps

NinjaOne is still privately-owned, but its public comps include Elastic, Dynatrace, CommVault Systems, Open Text, Freshworks, Beijing Ultrapower, ESDS Software, PagerDuty, Datagroup and VeriSign.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Elastic$1.7B$35M4.9x4.6x244.4x25.5x
Dynatrace$2B$276M7.5x7.0x55.0x23.0x
CommVault Systems$1.2B$84M5.2x5.0x72.9x23.2x
Open Text$5.2B$1.8B2.1x2.1x6.1x5.8x
Freshworks$839M$41M3.2x2.9x65.7x11.3x
Beijing Ultrapower$868M$165M2.3x2.1x11.9x10.6x
ESDS Software$49M$25M38.3x13.8x76.7x56.6x
PagerDuty$493M$17M2.2x2.2x64.6x7.7x

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Common questions about NinjaOne

When was NinjaOne founded?NinjaOne was founded in 2013.
Where is NinjaOne headquartered?NinjaOne is headquartered in Austin, TX, United States.
Is NinjaOne publicly listed?No, NinjaOne is a private, VC-backed company.
What is NinjaOne's valuation?NinjaOne was last valued at $12B in its Series C in June 2026.
How much funding has NinjaOne raised?NinjaOne has raised $1.2B across 4 funding rounds.
What was NinjaOne's last funding round?NinjaOne's last funding round was a $400M Series C in June 2026.
Who are NinjaOne's investors?NinjaOne's investors include ICONIQ Capital, CapitalG, Frank Slootman, Wellington Management, New Enterprise Associates, Washington Harbour Partners, MSD Partners, Amit Agarwal, Sequoia Capital, Teachers’ Venture Growth and 3 others.
What is NinjaOne's revenue?NinjaOne's latest recorded revenue is $600M (June 2026).
What is NinjaOne's revenue multiple?NinjaOne's latest valuation implies a 20.5x revenue multiple ($12B valuation on $600M of revenue).
Which companies are comparable to NinjaOne?Companies comparable to NinjaOne include Dynatrace, Elastic, Tanium, CommVault Systems, Open Text and Sonar.
How many companies has NinjaOne acquired?NinjaOne has acquired 1 company, including DropSuite.
What was the largest acquisition by NinjaOne?The $252M acquisition of DropSuite in January 2025 is the largest acquisition NinjaOne has made to date.

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