NinjaOne recently managed to raise 215 million euros ($231.5 million) in new capital in an investment round. The company aims to use the investment capital to enable better customer support and foster new innovation in its platform.
The recent investment round was led by ICONIQ Growth. Investors in this round included the CEO of Snowflake, Frank Slootman, and the CEO of Datadog, Amit Agarwal. Proceeds of $231.5 million in capital bring NinjaOne’s market value to $1.9 billion.
NinjaOne platform functionality
NinjaOne provides an IT platform that allows companies to gain fully automated visibility into and manage their endpoints. This includes activities such as automated monitoring, endpoint patching and remote control for end users with built-in security.
This allows administrators to easily troubleshoot end-user endpoints, perform backups and thereby counter ransomware attacks, for example.
Use capital
NinjaOne plans to use the investment capital raised to improve end-user support from its customer care team. In this way, it hopes to make customers more successful.
In addition, the capital will be used for expanding the platform itself and more innovation in that area. This should allow the platform to solve more use cases to ensure that customers can scale up their needs even more. This should be automated as much as possible.
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