An analyst has dubbed NinjaOne the MSP space’s new “most-valuable platform” thanks to a funding round valuing it at $12.3bn.
The endpoint management specialist yesterday confirmed it has raised $400m in a move it says will “fundamentally accelerate how we build and scale for our customers and partners”.
Its resulting valuation is more than double the $5bn number it achieved at the time of its last funding round last February.
It also “dwarfs” the $6.2bn Kaseya stumped up for Datto in 2022, Omdia analyst Robin Ody said in a LinkedIn post.
According to his Omdia colleague Jay McBain, NinjaOne’s latest funding round has enabled it to sneak past Kaseya to be the “number-one most-valuable platform in the MSP space”.
“This market value places them above Kaseya (estimated at $12bn valuation) and ConnectWise (estimated at $6.5bn valuation),” he stated.
“Founder-led and debt-free”
Boasting fiscal 2025 revenues of $500m and growing at nearly 70%, NinjaOne’s cloud and multi-tenant native platform is designed to manage, protect and support endpoint and IT operations workflows in a single console.
The Texas-based outfit in April inked a global partnership with Pax8 and is set to hold its inaugural conference for MSPs, MSP NXT, in October.
It claims it is now “well positioned to be the control plane for unified IT in an AI era”.
Unlike some of its peers, NinjaOne stressed it remains “founder-led and debt-free”, with co-founders Sal Sferlazza and Chris Matarese retaining majority control.
“Because we are profitable, this raise was never about needing capital to grow,” Matarese stated.
“We had a long list of firms interested in providing financing, and we used this round as an opportunity to pick the best possible partners to help us better serve our customers.”
