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Fortune
Fortune
Leo Schwartz

Exclusive: IT software startup NinjaOne raises $500 million led by CapitalG and Iconiq

CapitalG Iconiq Ninja CrowdStrike Leo SchwartzX
(Credit: Courtesy of NinjaOne)

Sal Sferlazza and Christopher Matarese first got into business together when they were 12-year-old camp friends, pooling their cash to buy a strategy-based board game they both had their eyes on at Toys "R" Us. 

Forty years later, their ambitions have grown. Sferlazza and Matarese’s IT management platform, NinjaOne, is announcing $500 million in fresh funding led by Iconiq Growth and CapitalG at a whopping $5 billion valuation, Fortune can exclusively report. The company was last valued at $1.9 billion in its February 2024 Series C. 

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