About Altair
Altair is a company based in Troy (United States) founded in 1985 by James R Scapa was acquired by Siemens in October 2024. It operates as a SaaS (Software-as-a-Service), and PaaS (Platform-as-a-Service). Altair has raised $35.05 million across 11 funding rounds from investors including Siemens, General Atlantic and European Union. Altair has completed 34 acquisitions, including Altair, Cambridge Semantics and Candi. Altair offers products and services including Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner. Altair operates in a competitive market with competitors including Databricks, Sisense, NGINX, Dataiku and ZWSOFT, among others.
- Headquarter Troy, United States
- Founders James R Scapa
- Stage Public
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Phone
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Website
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Social
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- Legal Name Altair Engineering Inc.
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Products & Services of Altair
Altair offers a comprehensive portfolio of products and services, including Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for managing compute-intensive tasks and resources.
Tool for AI-powered design and simulation solutions.
Solution for low-code data analytics and AI.
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Software Development Team
404 people
Sales and Marketing
145 people
Head Team
73 people
Leadership Team
72 people
Senior Team
60 people
Product Management Team
58 people
Project Team
55 people
Finance and Accounting
54 people
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Funding Insights of Altair
Altair has successfully raised a total of $35.05M across 11 strategic funding rounds. The most recent funding activity was a Post-IPO round of $3.43 million completed in July 2023. 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 Post-IPO — $3.4M
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First Round
First Round
(05 Oct 2004)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2023 | Amount | Post-IPO - Altair | Valuation |
investors |
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| Sep, 2021 | Amount | Post-IPO - Altair | Valuation |
investors |
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| Jul, 2019 | Amount | Grant - Altair | Valuation |
investors |
| 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 |
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Investors in Altair
Altair has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Siemens, General Atlantic and European Union. 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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Private equity fund focused on global markets
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Altair
Altair has strategically engaged in corporate development activities, having acquired 34 companies. Notable acquisitions include Altair, Cambridge Semantics and Candi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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Cloud-based 3D CAD modelling software is provided for additive manufacturing.
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Cloud-based regression testing platform for ASICs is provided.
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Structural simulation software is offered for CAD assemblies without meshing.
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OVO is recognized as a smart digital payment application.
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Bionic investment advisor platform
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Financial Statements - Altair
| 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 |
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Altair Comparisons
Competitors of Altair
Altair 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 Databricks, Sisense, NGINX, Dataiku and ZWSOFT, 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 |
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| domain | founded_year | HQ Location |
Data, analytics, and AI capabilities are unified in a platform.
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Business intelligence and data analysis solutions are provided for enterprises.
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Open-source internet infrastructure software is provided by NGINX.
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Platform offering AI and web-based data science platform
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CAD/CAM software solutions for design and product development are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altair
Frequently Asked Questions about Altair
When was Altair founded?
Altair was founded in 1985 and raised its 1st funding round 19 years after it was founded.
Where is Altair located?
Altair is headquartered in Troy, United States.
Who is the current CEO of Altair?
James R Scapa is the current CEO of Altair. They have also founded this company.
Is Altair a funded company?
Altair is a funded company, having raised a total of $35.05M across 11 funding rounds to date. The company's 1st funding round was a Grant of $172.21K, raised on Oct 05, 2004.
What does Altair do?
Altair is engaged in delivering advanced software solutions for simulation, high-performance computing, data analytics, and artificial intelligence. The companys platforms, including Altair HPCWorks, HyperWorks, and RapidMiner, are utilized across industries such as aerospace, automotive, and electronics. Solutions are offered for AI-powered engineering, digital twin technology, and smart manufacturing. Altair serves over 16,000 organizations globally and has been integrated into the Siemens Xcelerator platform following its acquisition. The focus remains on addressing complex challenges through scalable cloud and HPC resources.
Who are the top competitors of Altair?
Altair's top competitors include Databricks, DataRobot and ZWSOFT.
What products or services does Altair offer?
Altair offers Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner.
How many acquisitions has Altair made?
Altair has made 34 acquisitions, including Altair, Cambridge Semantics, and Candi.
Who are Altair's investors?
Altair has 4 investors. Key investors include Siemens, General Atlantic, European Union, and Matrix Capital Management.
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