Atera raises $77 million for its all-in-one SaaS

Atera, remote monitoring and management (RMM) solutions provider, has raised $77 million in a funding round led by General Atlantic, bringing its valuation to $500 million.

Earlier this year, Atera secured $25 million from private equity firm K1 Investment Management.

Atera said it’ll use the funds to grow its business and develop new customer solutions. The Israeli startup also aims to strengthen its research and development department.

Atera’s cloud-based RMM platform helps businesses monitor, manage, and automate multiple networks from a single console. The platform also includes a comprehensive suite of features for MSPs and IT teams, including remote access, patch management, custom scripting, inventory tracking, and more.

Real-time alerts on RAM usage, CPU load, and system resources ensure security teams can proactively handle issues before they arise. Additionally, organizations can configure recovery scripts to run automatically in response to alerts. As for device security, all remote sessions are protected by TLS and 256-bit AES encryption.

"The global ecosystem has changed, and the need for the fast and easy deployment of IT services is more critical than ever to keep businesses running smoothly,” said Gil Pekelman, Atera CEO.

Pekelman continued, “To meet this new reality, we are investing even more into our research, development, and innovation efforts to enhance and accelerate the product offerings and features our customers need most. We are dedicated to upgrading our platform both to better serve our customers but to likewise provide them with the ability to seamlessly scale their business and IT management offerings, friction-free."

“Atera has developed a compelling all-in-one platform that provides immense value for its customer base, and we are thrilled to be supporting the company in this important moment of its growth trajectory. We are excited to work with a category-defining Israeli company, extending General Atlantic’s presence in the country’s cutting-edge technology sector and marking our fifth investment in the region. We look forward to partnering with Gil, Oshri (CTO and Co-Founder), and the Atera team to help the company realize its vision,” added Alex Crisses, managing director and global head of new investment sourcing and co-head of emerging growth at General Atlantic.