The Week’s Biggest Funding Rounds: NinjaOne Cuts To The Top 

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This is a weekly feature that runs down the week’s top 10 announced funding rounds in the U.S. Check out the biggest funding rounds of last week here.

After a couple of blistering weeks, large funding rounds slowed down to a crawl, with only two rounds hitting nine figures. Not surprisingly, those two rounds came from the cybersecurity and biotech industries.

1. NinjaOne, $500M, cybersecurity: NinjaOne, which provides endpoint management, security and monitoring, raised $500 million in Series C extensions at a $5 billion valuation — more than doubling its value from just 12 months ago. The company said the new funding came in separate tranches led by Iconiq Growth and Google’s CapitalG, with participation from other investors. The Austin, Texas-based company announced a $231.5 million Series C led by Iconiq at a $1.9 billion valuation just a year ago. Securing endpoints has been a main pillar of cybersecurity since the industry started. However, the need has only increased as many people work outside an office and with a variety of networks and devices. NinjaOne’s massive raise is the largest since France-based I-Tracing, a managed security service provider, raised a venture round of approximately $516 million last June. Founded in 2013, NinjaOne has raised nearly $762 million, per Crunchbase.

2. Eikon Therapeutics, $351M, biotech: Eikon Therapeutics raised one of the biggest biotech rounds thus far in this young year. The Hayward, California-based drug startup closed on nearly $351 million in a Series D from the likes of Lux Capital and Alexandria Venture Investments. The round is the second biggest for a biotech startup this year, behind only London-based Verdiva Bio, a company creating treatments for obesity and cardiometabolic diseases, as it raised a $411 million Series A in January. This is just the latest big round for Eikon, which raised a $517.8 million Series B financing from nearly 20 different investors back in 2022. The company uses super-resolution microscopy to discover the effects of drugs on live cells. Founded in 2019, the company has now raised $1.1 billion, per Crunchbase.

3. Bitwise, $70M, crypto: San Francisco-based Bitwise, a crypto-specialist asset manager, raised a $70 million round led by Electric Capital. The company offers a suite of crypto asset management products and manages more than $12 billion in client assets. Its investment solution offerings include index funds, exchange-traded funds and exchange-traded products. Founded in 2017, the company has raised nearly $155 million, per Crunchbase.

4. Raise, $63M, loyalty: Miami-based Raise, a gift cards and loyalty company, raised $63 million led by Haun Ventures. The startup plans to use the new funds to further develop its proprietary blockchain-backed gift card program, Smart Cards. Founded in 2013, Raise has taken in $220 million from investors, per the company.

5. Taktile, $54M, fintech: New York-based Taktile, a decision automation platform, raised a $54 million Series B led by Balderton Capital. The company, which helps fintech companies and financial institutions with their risk management strategies, will use the new cash to equip customers with the necessary tools and controls to build AI-powered risk decisioning automation. Founded in 2020, the company has raised nearly $79 million, per Crunchbase.

6. (tied) Metronome, $50M, billing: San Francisco-based Metronome, a usage-based billing platform, announced a $50 million Series C led by New Enterprise Associates. Founded in 2019, Metronome says it has raised $128 million.

6. (tied) Mimic Networks, $50M, cybersecurity: Palo Alto, California-based ransomware cybersecurity startup Mimic secured a $50 million Series A led by GV and Menlo Ventures. Founded in 2023, the company has raised $77 million, per Crunchbase.

8. Auditoria.AI, $38M, artificial intelligence: San Jose, California-based Auditoria.AI, a developer of finance-related AI agents, raised a $38 million round led by Innovius Capital. Founded in 2019, the company has raised nearly $60 million, per Crunchbase.

9. (tied) Camber, $30M, healthcare: New York-based Camber, a healthcare payments startup, locked up a $30 million Series B led by Andreessen Horowitz. Founded in 2021, Camber has raised $50 million, per the company

9. (tied) Regie.ai, $30M, sales: San Francisco-based Regie.ai, an AI sales platform, raised a $30 million Series B co-led by Foundation Capital and Scale Venture Partners. ​​Founded in 2020, the company has raised nearly $51 million, per Crunchbase.

9. (tied) Skylo, $30M, wireless: Mountain View, California-based Skylo, a provider of direct-to-device satellite connectivity, announced a $30 million funding round led by NGP Capital. Founded in 2017, the company has raised $183 million, per Crunchbase.

Big global deals

India saw the largest deal of the week outside the U.S.

• India-based Blinkit, a quick-commerce platform that provides a delivery service for groceries and other daily needs, raised a round worth approximately $172 million.

Methodology

We tracked the largest announced rounds in the Crunchbase database that were raised by U.S.-based companies for the seven-day period of Feb. 22 to Feb. 28. Although most announced rounds are represented in the database, there could be a small time lag as some rounds are reported late in the week.

Illustration: Dom Guzman