NinjaOne’s $763 million raise paves way for Dropsuite acquisition
NinjaOne has secured a $5 billion valuation with fresh capital to support its $402 million acquisition of the ASX-listed data protection specialist.
Global IT platform NinjaOne has secured USD500 million ($763 million) in new funding at a USD5 billion valuation, strengthening its position to complete the previously announced USD252 million acquisition of ASX-listed data protection specialist Dropsuite.
The Series C funding extension, led by ICONIQ Growth and Alphabet independent investment fund CapitalG, signals strong confidence in NinjaOne’s expansion strategy, which includes its planned purchase of the Australian cloud software company announced last month.
NinjaOne CEO Sal Sferlazza told Capital Brief that investors support the company’s long-term vision, including the Dropsuite deal.
"Our investors believe NinjaOne will be one of largest IT software providers in the world," Sferlazza said. "The funding will not only provide funding for our pending acquisition, but also will drive significant research and development for our platform."
