NinjaOne locks in $400M+ Series C extensions at $12.3B valuation

NinjaOne, a unified IT operations and endpoint management platform, has raised more than $400 million through extensions to its Series C round, giving the company a valuation of $12.3 billion. The capital was raised primarily via secondary share sales as part of a second Series C extension first launched in 2024, providing liquidity to early investors and employees while bringing in additional late-stage backers. The latest financing follows a $500 million follow-on investment in February 2025 at a $5 billion valuation, meaning NinjaOne’s valuation has more than doubled in roughly 16 months.

The Series C extensions attracted a deep syndicate of institutional investors. Participants included Wellington Management, Teachers’ Venture Growth, BDT & MSD Partners’ affiliated funds, Sequoia Capital, ICONIQ, Hedosophia, NEA, Washington Harbour Partners, CapitalG, and Pinegrove Opportunity Partners. Several analyses characterize Wellington Management, Sequoia Capital, and ICONIQ as leading the round, reflecting strong late‑stage conviction in the company’s growth and profitability profile. With the new financing, NinjaOne remains founder‑led and debt‑free, and continues to scale its IT operations platform, which is used by nearly 40,000 organizations across more than 140 countries. The $12.3 billion valuation, supported by over $600 million in annual recurring revenue as reported by investor analyses, positions NinjaOne among the highest‑valued private enterprise software companies focused on IT management rather than core generative AI offerings.