About Altaeros
Altaeros is a Telecommunications company based in Somerville (United States) founded in 2010 by Ben Glass and Adam Rein. Provider of wireless network infrastructure solutions. It operates in the Telecommunications and Aerospace, Defense & Maritime sectors. Altaeros has raised $73.1 million across 11 funding rounds from investors including United States Department of Agriculture, Mitsubishi Heavy Industries and SoftBank. Its chief executive, as recorded, is Ben Glass. Its focus areas include Telecom, Telecom Infrastructure Tech, Airborne Network Infrastructure and UAVs. Its legal entity is ALTAEROS ENERGIES, INC. Its competitors include Airware and Parallel Flight; 2 of its 2 listed competitors have raised funding.
Company details
Founded in 2010 and based in Somerville, United States, wireless network infrastructure solutions are offered by Altaeros to telecom, renewable energy, and enterprise sectors. Operations center on an aerostat platform known as SuperTower, which incorporates a flight control system, high-gain antennas, and a 5G multi-sector LTE base station. Multiple radio systems can be integrated for internet connectivity, alongside AI-driven automated dispatch and flight direction capabilities.
- Headquarters Somerville, United States
- Founders Ben Glass, Adam Rein
- SectorsTelecommunicationsAerospace, Defense & Maritime
- Email••••••••
- Website altaeros.com
- Social LinkedIn X Facebook YouTube
- Legal Name Altaeros Energies, Inc
- Total Equity Funding$73.1M (USD)
in 11 rounds
- Latest Funding Round$4.26M (USD), Series B
Dec 2024
- Investors
Apps and channels of Altaeros
its YouTube channel Altaeros has 1.92K subscribers and 20 videos.
Videos from Altaeros
The most watched videos on Altaeros's YouTube channel, Altaeros (1.92K subscribers). Click a video to play it here.
More on Altaeros.
Funding Insights of Altaeros
Altaeros has successfully raised a total of $73.1M across 11 strategic funding rounds. The most recent funding activity was a Series B round of $4.26 million completed in December 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $73.1M
- Total Rounds 11
- Last Round Series B — $4.26M
- First Round $99,964
(Jun 2011)
- Investors Count 5
Latest 10 of 11 funding rounds of Altaeros with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2024 | $4.26M | Series B | – | – | – |
| Jun 2023 | $8.46M | Series B | – | – | – |
| Jul 2022 | $34.82M | Series B | – | – | – |
| Oct 2018 | $3.75M | Series A | – | – | – |
| Aug 2017 | $7.5M | Series A | – | – | |
| Aug 2015 | Series A | – | – | ||
| Dec 2014 | $7.15M | Series A | – | SoftBank Capital | – |
| Nov 2014 | $7.15M | Series A | – | – | – |
| Oct 2014 | $1.24M | Grant | – | – | |
| Jan 2013 | $155,000 | Grant | – | – |
5 investors in total: 5 institutional.
Investors in Altaeros
Altaeros has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include United States Department of Agriculture, Mitsubishi Heavy Industries and SoftBank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital fund backed by the US Government | seedfund.nsf.gov | Alexandria, United States | ||
PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors | softbank.com | Newton, United States | ||
Provider of research and development services focused on defense, energy system, and logistic services | 1884 | mhi.com | Tokyo, Japan | |
Diversified businesses in Oman covering automobiles, IT, energy, healthcare, and logistics services. | 1965 | suhailbahwangroup.com | ||
Leadership is provided on agriculture, food, and rural development matters. | 1862 | usda.gov |
Investor details for Altaeros
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Altaeros
2 people are tracked at Altaeros (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ben Glass | Co-Founder & CEO | Leadership |
Adam Rein | Founder & Chairman | Leadership |
Complete people profiles for Altaeros
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
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Timeline of Altaeros
3 dated milestones of Altaeros across 14 years, from founding to its latest funding, stage changes and deals.
- Founded Altaeros is founded.
- Funding First funding round of $100K.
- Funding Latest funding round, Series B, of $4.3M.
Competitors of Altaeros
Altaeros has 2 listed competitors in our database, 2 of them funded. They include Airware and Parallel Flight.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| airware.com | 2011 | San Francisco, United States | $116.22M | 55 | Integrated drone platforms are developed for enterprise applications. | |
| parallelflight.com | 2018 | Watsonville, United States | $1.34M | 13 | Drone platforms for industrial applications are provided by Parallel Flight. |
Detailed competitors of Altaeros
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Web traffic of Altaeros
The website of Altaeros (altaeros.com) receives about 3K visits a month.
- Monthly visits3K
▲ 90.3% vs previous month
Top companies in Telecom Infrastructure Tech
3 companies that operate in the same segment as Altaeros (Telecom Infrastructure Tech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud networking solutions are delivered via AI and SaaS platforms. | 2004 | Santa Clara, California, United States | USD 1.5 M | USD 7 B | 4,410 | |
Cloud-based network infrastructure for IoT applications is provided. | 2004 | Boise, Idaho, United States | USD 154.85 M | USD 8.52 M | 165 | |
Multi-access edge networking computing platform is provided for mobile services. | 2005 | Richardson, Texas, United States | USD 105.36 M |
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Related news about Altaeros
Complete news archive for Altaeros
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Frequently Asked Questions about Altaeros
Altaeros was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Altaeros is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Ben Glass is the CEO of Altaeros, as recorded in our data. They have also founded this company.
Altaeros is a funded company, having raised a total of $73.1M across 11 funding rounds to date. The company's 1st funding round was a Grant of $155K, raised on Jun 2011.
Founded in 2010 and based in Somerville, United States, wireless network infrastructure solutions are offered by Altaeros to telecom, renewable energy, and enterprise sectors. Operations center on an aerostat platform known as SuperTower, which incorporates a flight control system, high-gain antennas, and a 5G multi-sector LTE base station. Multiple radio systems can be integrated for internet connectivity, alongside AI-driven automated dispatch and flight direction capabilities.
Altaeros's top competitors include Airware and Parallel Flight.
Altaeros has 5 investors. Key investors include United States Department of Agriculture, Mitsubishi Heavy Industries, SoftBank, Suhail Bahwan Group, and America’s Seed Fund.
Altaeros operates through Altaeros Energies, Inc.