About Altaeros
Altaeros is a company based in Somerville (United States) founded in 2010 by Ben Glass and Adam Rein.. Altaeros has raised $73.1 million across 11 funding rounds from investors including United States Department of Agriculture, Mitsubishi Heavy Industries and SoftBank. Altaeros operates in a competitive market with competitors including Hemav, Airware, Azur Drones, Parallel Flight and Avy, among others.
- Headquarter Somerville, United States
- Founders Ben Glass, Adam Rein
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Sectors
TelecommunicationsAerospace, Defense & Maritime
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Email
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Phone
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Website
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Social
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- Legal Name Altaeros Energies, Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$73.1 M (USD)
in 11 rounds
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Latest Funding Round
$4.26 M (USD), Series B
Dec 20, 2024
- Investors
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Employee Count
Employee Count
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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 Total Funding
- Total Rounds 11
- Last Round Series B — $4.3M
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First Round
First Round
(28 Jun 2011)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2024 | Amount | Series B - Altaeros | Valuation |
investors |
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| Jun, 2023 | Amount | Series B - Altaeros | Valuation |
investors |
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| Jul, 2022 | Amount | Series B - Altaeros | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital fund backed by the US Government
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PE and VC fund focused on fintech, Adtech, gaming, eCommerce, and multiple sectors
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Founded Year | Domain | Location | |
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Provider of research and development services focused on defense, energy system, and logistic services
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Altaeros
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Altaeros
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altaeros Comparisons
Competitors of Altaeros
Altaeros operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hemav, Airware, Azur Drones, Parallel Flight and Avy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Aerial photography and remote sensing services using proprietary drones
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| domain | founded_year | HQ Location |
Integrated drone platforms are developed for enterprise applications.
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| domain | founded_year | HQ Location |
Drone flight solutions are provided using proprietary drones.
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| domain | founded_year | HQ Location |
Drone platforms for industrial applications are provided by Parallel Flight.
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| domain | founded_year | HQ Location |
Medical deliveries and emergency responses are facilitated using drones.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altaeros
Frequently Asked Questions about Altaeros
When was Altaeros founded?
Altaeros was founded in 2010 and raised its 1st funding round 1 year after it was founded.
Where is Altaeros located?
Altaeros is headquartered in Somerville, United States. It is registered at Somerville, Massachusetts, United States.
Who is the current CEO of Altaeros?
Ben Glass is the current CEO of Altaeros. They have also founded this company.
Is Altaeros a funded 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 Series B of $34.82M, raised on Jun 28, 2011.
What does Altaeros do?
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.
Who are the top competitors of Altaeros?
Altaeros's top competitors include Hemav, Azur Drones and Horus Smart Detections.
Who are Altaeros's investors?
Altaeros has 5 investors. Key investors include United States Department of Agriculture, Mitsubishi Heavy Industries, SoftBank, Suhail Bahwan Group, and America’s Seed Fund.
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