- Companies
- Atera
Last Atera valuation
$500M
Series B · Jul 2021
Last Atera funding round
$77M
Series B · Jul 2021
Cumulative funding Atera raised
$102M
across 2 funding rounds
Key investors in Atera
K1 Investment Management
General Atlantic
About Atera
Atera is a Tel Aviv-headquartered provider of an all-in-one remote monitoring and management platform combining RMM, professional services automation, and remote access for managed service providers. The AI-powered platform automates ticketing, scripting, and patching across Windows, Mac, and Linux endpoints. Atera integrates with QuickBooks, ConnectWise, and Microsoft Teams. Serving 8,000 MSPs globally, the company offers per-technician pricing. Launched in 2014, Atera expanded to include network discovery and cybersecurity modules.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$500M (Jul 2021)
Atera Valuation
Atera is currently valued at $500M, based on its Series B in July 2021.
The $77M round was led by General Atlantic, with participation from K1 Investment Management.
Atera valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2021 | Series B | $500M |
Atera Funding History
Atera has raised a total of $102M across 2 funding rounds.
Atera's first fundraising round was a $25M Series A in February 2021. The most recent completed round was a $77M Series B in July 2021.
Atera funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series B | General Atlantic (lead); K1 Investment Management | $77M | $500M | Atera is a remote-first IT management platform and predictive automation tool focused on remote monitoring and management (RMM) for managed service providers (MSPs) and small to medium-sized businesses. The company provides cloud-based software for IT service delivery and infrastructure management. On July 28, 2021, Atera announced a $77 million Series B funding round led by growth equity firm General Atlantic, with participation from Series A investor K1 Investment Management. The round valued the company at $500 million post-money, representing a significant valuation increase in less than one year. This Series B brought Atera's total funding to over $100 million across two rounds raised in 2021, advancing the company from startup status to one of the fastest-growing global IT management firms. By the time of the Series B, Atera had grown to serve more than 7,000 customers and managed over 1 million endpoints. The company committed to using the funding for global expansion, research and development, and new product innovation to enhance its all-in-one platform for seamless IT service deployment and scaling. |
| Feb 2021 | Series A | K1 Investment Management (lead) | $25M | - | Atera is a Tel Aviv-based provider of remote-first IT management and RMM (Remote Monitoring and Management) software targeted at SMBs, MSPs, and IT professionals managing networks with under 1,000 employees. The platform offers predictive analytics powered by AI (with granted patents), proactive issue resolution analyzing over 40,000 data points per second, security integrations like Bitdefender and Acronis, and self-service deployment with no sales involvement or training required. Pricing is $89 per month per technician, unlimited endpoints, enabling low-cost scalability for remote workforces. In February 2021, Atera raised a $25 million Series A round led by K1 Investment Management, its first external funding after bootstrapping since 2016, achieving profitability in 2017 before intentionally investing in growth in 2019 using balance sheet cash. Funds were allocated to ramp up R&D, product innovation, geographic expansion, customer success with 24/7 VIP support, and faster go-to-market, serving over 6,000 MSPs and IT pros in 75 countries at the time. This round preceded a July 2021 Series B of $77 million led by General Atlantic (with K1 participation) at a $500 million valuation, by which point Atera had grown to 7,000 customers and over 1 million devices under management as of early 2020. The company focused on modern agile architecture for frictionless onboarding, no long-term contracts, and transforming MSPs into proactive partners. |
Who has invested in Atera?
2 investors have backed Atera across its funding rounds, including K1 Investment Management and General Atlantic.
Lead investors include General Atlantic and K1 Investment Management.
Atera Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Atera investors. Start Free Trial | ||||
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Start Free TrialAtera Competitors
Atera competitors include listed companies like Ricksoft Co and Datagroup, and private ones like Cortex, Motion.io, Planhat and Virtuous Software.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $470M | - | ||
| Private | $50M | - | $550M | 11.0x | ||
| Private | - | - | $564M | - | ||
| Private | - | - | $600M | - | ||
| Publicly listed | $70M | $3M | $21M | - | ||
| Publicly listed | $652M | $96M | $726M | 1.4x |
Atera Public Comps
Atera is still privately-owned, but its public comps include Wiscom System, Bonree Data Technology, RWS Holdings, Datagroup, CS Disco, Beijing Baolande Software, ActiveOps, Hibino, Suresofttech and Redcentric.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $233M | $13M | 1.8x | - | 32.1x | - | |||
| $19M | ($13M) | 19.0x | 16.4x | (28.1x) | (45.3x) | |||
| $927M | ($26M) | 0.7x | 0.7x | (27.2x) | 4.8x | |||
| $652M | $96M | 1.4x | 1.4x | 9.6x | 9.4x | |||
| $157M | ($44M) | 1.1x | 1.0x | (4.0x) | (22.1x) | |||
| $34M | ($9M) | 6.8x | - | (25.4x) | - | |||
| $60M | $360K | 2.7x | 2.6x | 445.7x | 23.9x | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
This data is available for Pro users. Sign up to see all Atera competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Atera
| When was Atera founded? | Atera was founded in 2011. |
| Where is Atera headquartered? | Atera is headquartered in Tel Aviv, Israel. |
| Is Atera publicly listed? | No, Atera is a private, VC-backed company. |
| What is Atera's valuation? | Atera was last valued at $500M in its Series B in July 2021. |
| How much funding has Atera raised? | Atera has raised $102M across 2 funding rounds. |
| What was Atera's last funding round? | Atera's last funding round was a $77M Series B in July 2021, led by General Atlantic. |
| Who are Atera's investors? | Atera's investors include K1 Investment Management and General Atlantic. |
| Which companies are comparable to Atera? | Companies comparable to Atera include Cortex, Motion.io, Planhat, Virtuous Software, Ricksoft Co and Datagroup. |
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