NinjaOne hits $5 billion valuation with $500 million in Series C extensions
The founder-controlled Austin IT-management company raised funding led by ICONIQ Growth and CapitalG to fund autonomous endpoint features and an acquisition.
AUSTIN — NinjaOne, the automated endpoint-management platform, has raised $500 million in Series C extensions at a $5 billion valuation, the Austin company announced in February 2025.
The capital came in separate tranches led by ICONIQ Growth and CapitalG, Alphabet's independent growth fund, with participation from other private investors. NinjaOne said the company carries no debt and remains founder-led and founder-controlled after the raise.
The funding is earmarked for research into autonomous endpoint management, automated patching and vulnerability remediation, and for NinjaOne's acquisition of SaaS backup company Dropsuite.
Why it matters
NinjaOne has become one of Austin's quieter enterprise-software success stories, scaling past $500 million in annualized recurring revenue while staying founder-controlled — a rarity at this valuation. Its growth shows that durable, profitable B2B software can still command mega-round pricing in a market obsessed with AI-native upstarts.
The Dropsuite acquisition also signals NinjaOne's intent to broaden from device management into data protection, a move that would put it in more direct competition with larger security platforms.
Reported by Next in Austin. Based on reporting from Built In Austin.
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