💨 Abstract

IT platform NinjaOne secured $500 million in fresh funding led by Iconiq Growth and CapitalG, valuing the company at $5 billion. This is an extension of a previous round in February 2021, where NinjaOne raised $231.5 million. The company, founded in 2013, automates IT processes and plans to use the funds for research and development focused on autonomous endpoint management and autonomous patching.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖