NinjaOne Secures $1.9B Valuation with $232M Series C Funding

NinjaOne, an endpoint management, security, and monitoring provider, recently raised $231.5 million in a Series C headed by Iconiq Growth, reaching a valuation of $1.9 billion.

The company's CEO, Sal Sferlazza, highlighted the increasing need for endpoint security in the remote work era, stating that endpoints pose significant risks and opportunities for businesses and managed service providers.

Quantinuum, a cybersecurity startup, also secured a large funding round this year, while overall venture capital funding for security businesses has experienced a slight decrease from previous years.

Crunchbase data shows that investment in cybersecurity has seen a recent uptick, with significant funding rounds totaling $1.2 billion in the first month and a half of this year.