NinjaOne today has received $500 million in Series C extensions and a $5 billion valuation. Yes, that's 'billion' with a B.
The venture funding came in separate tranches led by ICONIQ Growth and CapitalG, Alphabet’s independent investment fund, with participation from other prominent private investors, the RMM vendor said today. The money will go to drive research and development focused on autonomous endpoint management, autonomous patching and vulnerability remediation, and expanded IT use cases that improve employee experiences with devices.
The funding will also support investment in customer support and the company’s pending acquisition of SaaS backup and data protection firm Dropsuite.
NinjaOne has been steadily gaining market share in the RMM space, according to Canalys reports last year. ConnectWise relinquished the number-one market share slot to Kaseya and NinjaOne and HaloPSA have joined the leadership quadrant, according to Canalys.
As always, drop me a line at sharon.florentine@cyberriskalliance.com if you have news to share or want to say hi!
Grab your coffee. Here's what you need to know today.
Today’s Tech, Channel and MSP News
1. StorOne updates platform: Enterprise storage startup StorOne today released version 3.9 of its S1 platform, which promises to make enterprise storage environments easier to run. The latest version offers improvements in data protection and security, performance, and data-services management and introduces TierONE, AI-enabled auto-tiering, the firm said in a statement. TierONE optimizes data placement across storage tiers and is natively built into the platform at no extra cost.
2. Stytch introduces Connected Apps for OAuth: Stytch last week debuted its Connected Apps feature that allows applications to be integrated with AI agents, third-party apps, and multi-app ecosystems as an OAuth 2.0 identity provider, delegating access and permissions to build seamless integrations with other first-party and third-party applications. Connected Apps enables users to authenticate users, grant scoped permissions, and share data with other applications by using users' app as the identity provider.
3. Google adds quantum-safe digital signatures: Google last week announced it added quantum-safe digital signatures (FIPS 204/FIPS 205) in Google Cloud Key Management Service (Cloud KMS) for software-based keys, available in preview. This is part of Google's post-quantum strategy for Google Cloud encryption products, the company said in a blog post, including for Cloud KMS and Hardware Security Modules (Cloud HSM). The roadmap includes offering software and hardware support for standardized quantum-safe algorithms, supporting migration paths for existing keys, protocols, and customer workloads to adopt PQC, quantum-proofing Google's underlying core infrastructure, analyzing the security and performance of PQC algorithms and implementations, and contributing technical comments to PQC advocacy efforts in standards bodies and government organizations.
4. Reveille Software Winter 2025 update: Reveille Software unveiled its Winter 2025 update, which includes AI-driven machine learning features, including AI Dynamic Thresholding to automatically raise and lower alter and notification thresholds, Expanded observability for Microsoft 365, SharePoint Embedded, Microsoft Teams and Copilot and new user analytics application support, the company said.
5. Trusted Tech launches Certified Cloud Support Services: Trusted Tech, a Microsoft CSP and managed services provider, has launched Certified Support Services. The program complements the company’s existing Professional Services and provides onshore, engineer-level expertise to support Microsoft technology investments, Trusted Tech said in a statement. Trusted Tech Certified Support Services is available in Basic, Standard, Commercial and Enterprise tiers and are customizable with flexible payment terms.
