Atera, a remote-first IT management company, has completed a $77 million Series B funding round led by growth equity firm General Atlantic with participation from Series A partner, K1 Investment Management, the company announced Wednesday.
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Atera will focus on driving further global expansion and new product innovations for its revolutionary cloud-based technology.
Over the past year, Atera has reached a new milestone of over 7,000 total customers worldwide in over 90 countries.
Following K1 Investment Management's investment in the company in February 2021, this latest investment from General Atlantic brings Atera's funding to date to over $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 one year.
"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, founder and CEO of Atera. "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."
"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," said Alex Crisses, Managing Director at General Atlantic.
