Atera, a remote-first IT management company helping businesses transform as the world evolves to a remote work model, announced a $77 million Series B funding round led by General Atlantic, a global growth equity firm, with participation from Series A partner, K1 Investment Management, an investment firm focused on high-growth enterprise software companies.
With this latest funding round, Atera will focus on driving further global expansion and developing new product innovations that continue to transform the IT industry with its revolutionary cloud-based technology.
Atera is one of the world’s first all-in-one platforms that combines remote monitoring and management (RMM) with help desk, reporting, and operations management in a single intuitive system. Atera’s platform enables managed service providers (MSPs) and IT departments to tackle IT challenges in an ever-evolving landscape. With Atera’s technology, IT professionals can shift from a reactive model to becoming proactive problem solvers, whether in the office or remotely.
Over the past year, Atera has seen accelerated momentum through its enhanced platform features, reaching a new milestone of securing more than 7,000 customers worldwide in more than 90 countries. Having earned widespread industry recognition, Atera has grown rapidly as the global business economy pivots toward a remote workforce, a landscape in which Atera’s accessible, easy-to-use platform is needed more than ever before.
Following K1’s investment in the company in February 2021, this latest investment from General Atlantic brings Atera’s funding to date to more than $100 million, more than tripling the company’s first funding round and bringing the valuation of the company to half a billion dollars in less than a year. This investment accelerates the company’s development from a burgeoning startup to one of the fastest growing global IT management firms today, but it also provides the Atera team with support from General Atlantic’s global platform and deep expertise in helping purpose-driven entrepreneurs scale their businesses worldwide.
To learn more about Atera’s latest investment, please visit www.atera.com.