Updated
Updated · Bloomberg · Jun 9
NinjaOne Hits $12.3 Billion Valuation in $400 Million Share Sale
Updated
Updated · Bloomberg · Jun 9

NinjaOne Hits $12.3 Billion Valuation in $400 Million Share Sale

1 articles · Updated · Bloomberg · Jun 9

Summary

  • $400 million in secondary share sales valued NinjaOne at $12.3 billion, more than doubling the IT management startup's $5 billion valuation from February 2025.
  • The deal let early investors and longtime employees sell equity, with Wellington Management, Iconiq Capital, Alphabet's CapitalG and Sequoia Capital participating.
  • NinjaOne said annual recurring revenue has climbed above $600 million from $500 million at the end of 2025, and the business turned profitable in the first quarter after being cash-flow positive throughout 2025.
  • Nearly 40,000 organizations use its platform to manage devices and fix security vulnerabilities, a business the company argues should benefit as AI-powered hardware expands rather than be displaced by AI.

Insights

What is NinjaOne's secret to doubling its value amid the so-called 'SaaSpocalypse'?
As AI makes software obsolete, is managing the devices it runs on the new tech gold rush?