en.Wedoany.com Reported - IT asset management platform developer NinjaOne Inc. announced that it has raised over $400 million through a secondary financing round.
This share sale marks the second extension of the company's Series C funding round. NinjaOne completed its Series C round in 2024 and received a separate $500 million follow-on investment in February of last year. Investors in the latest round include Alphabet Inc.'s CapitalG fund, Sequoia Capital, ICONIQ, and other prominent investment institutions.
NinjaOne's platform is designed to reduce the manual workload involved in managing IT assets such as workstations and cloud instances. It provides a centralized dashboard that enables administrators to monitor the configuration of up to thousands of devices. For example, NinjaOne can flag employee devices with unencrypted hard drives, which could lead to data exposure. The platform also offers tools that allow IT teams to remediate such configuration issues.
Another feature of the platform simplifies patch installation. Downloading operating system updates to thousands of employee devices is a time-consuming process. According to NinjaOne, its platform can speed up this task by up to 90%. One challenge of large-scale update deployment is that patches sometimes contain bugs. Administrators often delay the release of new software versions until they are confirmed to be free of reliability issues. NinjaOne offers an approval tool that enables companies to hold off on patches until they have been reviewed by the IT team.
Manual reviews can sometimes miss problematic updates. NinjaOne's platform includes an artificial intelligence tool that analyzes system logs, technical support forums, and other data sources to identify bugs. Additionally, the software highlights cybersecurity updates that require urgent installation. At edge locations lacking reliable connectivity, downloading updates from the cloud is not always feasible. According to NinjaOne, its platform addresses this challenge with a feature that caches patches on local servers. Employees can download updates from the cache rather than the cloud to save bandwidth.
NinjaOne's platform also simplifies several other IT tasks. A built-in tool enables administrators to remotely log into malfunctioning devices for troubleshooting. Another feature, NinjaOne Documentation, stores IT teams' internal technical support guides and can automate part of the work, keeping documentation updated as the systems and best practices it describes change. NinjaOne stated that its installed user base includes nearly 400,000 organizations. The company's annualized recurring revenue surpassed $500 million in 2025, and it became profitable last quarter. "Because we are profitable, this round was never about raising capital for growth," said co-founder and President Chris Matarese. "We had a long list of companies interested in providing financing, and we used this round as an opportunity to select the best partners." The company will use the funds to accelerate growth initiatives.
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