NinjaOne has raised more than $400M at a $12.3 billion valuation, with Wellington Management, Teachers’ Venture Growth, Sequoia Capital, and ICONIQ participating.

The Austin-based unified endpoint management platform serves more than 24,000 customers, including Nvidia, Lyft, HelloFresh, and Porsche, managing millions of devices for IT teams and managed service providers globally.

The capital will accelerate R&D into autonomous endpoint management and vulnerability remediation, and follows the company’s completed $262 million acquisition of Dropsuite.

In February 2024, NinjaOne, founded in 2013 by Sal Sferlazza and Christopher Matarese, was valued at $1.9 billion. A year later, it raised $500 million at a $5 billion valuation.

Now it has closed a further $400 million-plus, bringing the total to $12.3 billion, a more than sixfold increase in valuation in eighteen months. Wellington Management, Teachers’ Venture Growth, Sequoia Capital, ICONIQ, and other investors participated in the round.