Market Chatter: Alphabet Among Investors in $400 Million Funding Round for NinjaOne

MT Newswires Live18:18

Alphabet's (GOOG, GOOGL) CapitalG is among the investors in a $400 million round of fundraising for Iconiq-backed IT startup NinjaOne, which has been valued at $12.3 billion, Bloomberg reported Tuesday.

NinjaOne is an IT management platform and more than doubled its valuation to $12.3 billion in the new funding deal, Bloomberg reported.

Other investors in the funding round include Wellington Management, Iconiq Capital and Sequoia Capital took part in the round, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Alphabet's Google and NinjaOne did not immediately reply to MT Newswires' requests for comment.

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