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Israeli IT-management Company Atera Hits $500 Million Valuation

Atera just raised $77 Million.

Atera founder and CEO Gil Pekelman (Company PR pic)

Atera is an Israeli startup offering IT management services. The company now has a $500 million valuation. Well, being half a unicorn is better than nothing at all. The valuation comes after a raise of $77 million from a Series B round with General Atlantic and K1 Capital.

Atera has a total investment to date of $100 million. The current valuation, therefore, means that every dollar just invested bought roughly 2% of the company, depending on the investment terms.

So it is not just cybersecurity or fintech that is moving Startup Nation these days. Information technology is clearly still a field that offers opportunities for new companies if Atera’s valuation says anything.

Founded in 2014, Atera provides an All-in-One Management Platform for IT Support companies, Managed Service Providers (MSPs) and VAR’s. Atera boasts that “from remote IT monitoring and management through powerful ticketing and customer satisfaction surveying to billing and invoicing, Atera brings the entire IT business together.”

Atera has operations in the United States, Europe and Asia, with 7,000 customers worldwide in over 90 countries.

And what exactly does Atera offer? Well on service is their RMM (Remote Monitoring and Management) platform. This, says the company, allows users to be proactive, and spot issues before their customers, with powerful root-cause analysis, patch management and more. As for their PSA solution, Atera boasts that it is a powerful, seamlessly integrated helpdesk, offering complete visibility on all aspects of a user’s business performance.

Atera founder and CEO Gil Pekelman said, “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. 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.”

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