(Reuters) – IT platform NinjaOne said on Monday that it has secured fresh financing of $500 million led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, valuing the company at $5 billion.
The latest funding comes after a round in February 2024, which valued the company at $1.9 billion.
The funding marks a positive move in the venture capital funding environment in the United States which has otherwise remained muted.
Founded in 2013 by Sal Sferlazza and Chris Matarese, NinjaOne launched its core platform in 2015 after two years in stealth mode, according to the company’s website.
Sferlazza is CEO of NinjaOne, while Matarese is the finance chief.
(Reporting by Pritam Biswas in Bengaluru; Editing by Shailesh Kuber)
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