NinjaRMM Raises New Financing Round Led by Summit Partners to Expand Market Leadership Position
The New Growth Equity Funding Allows Ninja to Double-Down on Product Development to Further Enable Customer Success, With New Offerings and Enhancements Designed to Make It Professionals and Managed Service Providers (MSPs) Even More Productive and Profitable.
NinjaRMM, the modern remote monitoring and endpoint management solution announced that it has closed a growth equity funding round led by Summit Partners. Summit holds a minority stake in NinjaRMM, ensuring the company remains independent and founder-led.
With the new capital, Ninja will continue its product-first blueprint that has catapulted it into frontrunner status as a top alternative to legacy RMMs. In 2019, the company grew its engineering department by 60% and will continue increasing its development capacity to rapidly release more features and platform improvements and further accelerate its pace of innovation.
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“Summit’s financing will enable us to move even faster, deliver more value to our customers and accelerate market leadership,” said Salvatore Sferlazza, CEO of NinjaRMM. “We are excited to partner with Summit who has a wealth of experience advising highly successful companies, while giving us the flexibility to operate as an independent organization. We’ve always strived to deliver a product that continuously exceeds expectations, and as the largest independent RMM solution on the market, we’re proud of what we’ve accomplished in such a short amount of time.”
“NinjaRMM is focused on disrupting the status quo by bringing better products and better service to highly skilled IT professionals,” said Andrew Collins, a Managing Director at Summit Partners and member of the NinjaRMM Board of Directors. “The company’s powerful, intuitive platform is backed by incredible customer support and takes a fresh, innovative approach to remote monitoring and endpoint management. We believe that the MSP and IT software market has been underserved for years, and we are proud to support Ninja’s continued expansion in the sector.”
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In addition to Sferlazza, who previously founded Anchor, PacketTrap, and Lasso Logic, Ninja’s executive team of channel veterans and industry experts has guided the company through its early days as one of the first cloud-native MSP software solutions to its current position as an emerging market leader. Summit Partners has deep experience helping disruptive, fast-growing cloud and SaaS companies accelerate their growth. Other endpoint security and management companies backed by Summit include Jamf, Continuum, and Red Canary.
Ninja currently supports more than 4,000 customers, with some customers managing nearly 20,000 endpoints. Ninja’s software solution is available on a monthly subscription with a flexible pricing structure, which means Ninja can support its customers as their needs scale.
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