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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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 |
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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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Provider of research and development services focused on defense, energy system, and logistic services
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Founded Year | Domain | Location |
Investments & Acquisitions by Altaeros
Financial Statements - Altaeros
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.
| Company Name | Domain | Founded year | HQ Location | Description |
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| 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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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 current CEO of Altaeros. 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 Series B of $34.82M, raised on Jun 28, 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 Hemav, Azur Drones and Horus Smart Detections.
Altaeros has 5 investors. Key investors include United States Department of Agriculture, Mitsubishi Heavy Industries, SoftBank, Suhail Bahwan Group, and America’s Seed Fund.