Atera raises $77M in Series B funding from General Atlantic at a half-billion-dollar valuation

Some of you may be thinking, “didn’t we just get a letter from Atera’s founders announcing funding?” The answer is, “yes.” As excited as we were to announce our Series A funding with K1 in February 2021, we’re even more thrilled to share with you the news that we’ve secured $77M in Series B funding with General Atlantic and K1 Investment Management! This is yet another milestone in our journey ahead as we shape the future of remote IT management technology.

This round of funding means that in just the last year alone we’ve raised over $100M and now have a valuation of almost a half-billion dollars. With thousands of customers in more than 90 countries and adoption of Atera increasing on a daily basis, company momentum is growing and funding is taking us to new heights.

General Atlantic (GA) is one of the top global growth equity firms and makes very few investments each year. We are incredibly honored to have been selected as a GA partner, continuing the legacy of their firm as we pursue our journey ahead. The story of General Atlantic is rooted in its founder’s desire and goal to give back. Chuck Feeney, a co-founder of Duty-Free Shoppers, established General Atlantic in 1980 to invest in high-growth businesses, support visionary founders like himself, and fund the global charitable pursuits of the Atlantic Philanthropies, to which he has donated virtually all of his wealth. Partnering with a firm whose core ethos mirrors that of Atera’s own community and giving back, made the partnership between us and GA, an easy decision. K1, our continued partner, aims to use this next round to help our dynamic business achieve even more successful outcomes moving forward.

With this round of funding, we will continue to invest in our community, our products, and our people. We’ll continue to invest in our R&D efforts to ensure we accelerate the development of the features our clients want and need. As the global market has shifted, the need for fast and easy deployment of IT services is more critical than ever before, to keep businesses running smoothly. The investment from GA will allow us to further innovate and bring the Atera platform to the next level, enabling IT professionals to proactively solve more IT problems than ever before. The goal of Atera from the start was to make IT easy so that mundane tasks can be left behind and our customers can instead focus on the projects that are of true interest.

Our customers are our community at Atera. We strive to serve each and every MSP and IT professional with the best-in-class customer experience we’d hope to receive from a vendor ourselves. GA’s investment will power expanded growth in our customer support teams to better serve our customers as we continue to grow. We’ll also further invest in and engage with this community through our active online social communities. We consistently aim to bring additional value to our products and find that the more we engage with and support our customers, the better our products become.

The symbiotic relationship we have with our community is also reflected in Atera’s ethos of volunteering and giving back to the broader community. Our Aterans have participated in days of volunteering over the years that reflect our vision and core belief of building with passion and impact – whether that means in the products we build or our investment in the community around us.

We look forward to having you alongside us on the road ahead, and we are extremely thankful to each and every one of you that has helped us on the journey thus far. We extend our deepest appreciation to everyone who has been a part of the Atera journey – from our MSP customers to IT Professionals, our vendors, investors, and our amazing team – we thank you all for your trust and belief in us and our products.

We’ve already come so far in the Atera journey, but we still have so many exciting milestones ahead of us to achieve. This new funding, in partnership with General Atlantic, means significant innovation and continued breakthroughs for the entire IT industry. We’re so excited to be a part of the expanding and evolving technology market, and we look forward to continuing to change the way IT professionals do business.

Thank you so much for everything, and hold on tight – we’re just getting started!

Gil, Oshri, and the Atera Team