Atera Networks

Company Overview

Snapshot

Founded in January 2014 by Gil Pekelman and Oshri Moyal, Atera Networks operates with 201–500 employees. The company has raised $102 million across 2 funding rounds from 2 investors. In July 2021, Atera Networks secured a Series B round with General Atlantic and K1 Investment Management.

Business overview

Atera Networks provides an all-in-one software solution for the managed service provider (MSP) market. Its core offering integrates remote monitoring and management, professional services automation, and remote control and support. The company serves IT integrators and existing MSPs, enabling them to adopt a modern cloud product with a disruptive pay-per-technician pricing model, free from onboarding fees and complex contracts. Atera Networks operates in the Business Software sector, focusing on IT, R&D & Data Solutions, and Software Development Tools, with a strong emphasis on cloud-based data storage for enterprise and professional services, including SMBs and service providers.

Strategic signal

In November 2024, Atera Networks implemented a workforce optimization, laying off approximately 6% of its employees. Despite this, the company announced plans to continue growth by recruiting new employees in development, product, and BI sectors, aiming to hire dozens more by the end of 2025. This indicates a strategic realignment to streamline operations while continuing investment in core areas for future expansion, signaling a focus on efficiency and targeted growth for investors.

Company Intelligence Q&A

What was Atera Networks' most recent funding round?

Atera Networks secured a Series B funding round in July 2021. The round was led by General Atlantic and included participation from K1 Investment Management.

What was the total capital raised by Atera Networks?

Atera Networks has raised a total of $102 million across two funding rounds.

What strategic partnership did Atera Networks announce in April 2020?

In April 2020, Atera Networks announced an integration with Acronis to enhance data protection capabilities for Managed Service Providers (MSPs) and IT professionals, focusing on cybersecurity and ransomware protection.

What was the purpose of the community features board launched by Atera Networks?

In July 2019, Atera Networks unveiled a community features board to encourage Managed Service Providers (MSPs) to suggest new product features and enhancements, fostering engagement and delivering a product tailored to their needs.

What was the impact of the Series B funding round in July 2021?

The Series B funding round in July 2021, which raised $77 million, brought Atera Networks' total funding to approximately $100 million and valued the company at half a billion dollars. This capital was intended to accelerate technology development, employee recruitment, and global expansion.