By Rebecca Torrence | Updated on Jun 09, 2026 at 10:00 AM
NinjaOne, an IT management platform, has more than doubled its valuation to $12.3 billion in a new financing deal, bucking the trend of investors shying away from
software-as-a-service companies
over AI fears.
The startup is set to announce Tuesday that it’s raised $400 million in a secondary share sale. Wellington Management, Iconiq Capital, Alphabet Inc.’s CapitalG and Sequoia Capital participated in the deal, which saw some early investors and longtime employees sell equity. NinjaOne was previously valued at $5 billion last February.
Founded in 2013, the software startup offers a platform to help businesses remotely manage devices and resolve security vulnerabilities. NinjaOne said it now sells services to nearly 40,000 organizations globally, including a mix of in-house IT divisions and third-party providers that manage IT infrastructure for other firms.
The company is currently bringing in more than $600 million in annual recurring revenue, up from $500 million at the end of 2025, according to president and Chief Financial Officer Chris Matarese. The business was profitable in the first quarter of this year after being cash-flow positive throughout 2025, Matarese said.
Though many investors are worried about artificial intelligence tools making certain software services obsolete, Matarese sees AI as a more of a boon than a liability for NinjaOne. He pointed to the proliferation of AI-powered hardware, such as computers, security cameras and robots, all of which can be managed through his company’s platform.
“The more devices there are to manage, the more valuable we are,” Matarese said.
NinjaOne made its first ever acquisition last year, buying automated backup and archiving company DropSuite for about $270 million. Matarese said the company will mostly seek to build its own products rather than acquiring them going forward. NinjaOne also plans to remain private for the foreseeable future, he said.