Dive Brief:
- Cloud-based IT management platform NinjaOne completed a series C funding round, raising more than $400 million and bringing the company’s valuation to $12.3 billion, the company said in a Tuesday announcement.
- The vendor is contending with Kaseya, ConnectWise and other platform providers in a race to provide managed service providers with unified endpoint management and security. NinjaOne’s capitalization follows nearly 70% year-over-year growth in 2025 and the company's first profitable quarter.
- “The channel is core to everything we do,” Chris Matarese, NinjaOne president and co-founder, told Channel Dive in an email. “With this funding, we will continue to prioritize delivering more partner enablement, more field resources, and expanding our investment in developing new and improved products and tools that help our partners grow.”
Dive Insight:
NinjaOne is among an emerging group of companies aiming for platform consolidation, as MSPs seek to reduce vendor sprawl and unify IT management, security and backup on one platform.
NinjaOne, along with Kaseya, Connectwise and a handful of similar vendors are bringing professional services automations platforms that consolidate much of an MSP’s core business. NinjaOne has gained market share faster than its competitors, according to Jessica Davis, principal analyst at Omdia, a Channel Dive sister company.
The analyst firm named NinjaOne among its top five PSM market players, noting the company has “positioned its growth rate as exceeding the broader IT market.”
The competition is also on the move. Kaseya introduced an agentic IT management and security platform in April that can attend to tickets, catch security threats and run backup. Connectwise recently launched an IT service management platform, embedded with agentic AI that can autonomously handle customer tickets.
“NinjaOne, like its competitors, is navigating a continuously changing world," Omdia MSP Practice Leader Robin Ody said in an email. "AI and cybersecurity are the watchwords of this generation. MSPs and other channel partners are evolving, and business models are fragmenting."
Ody added that NinjaOne's latest funding round reflects investor confidence in the future of IT services automation. "The reality is that many tasks are likely to be automated in the workplace over the next five years, and being one of the key IT and data management hubs will bring value to partners, customers and investors," he said.
