About Altair
Altair is a Technology company based in Troy (United States) founded in 1985 by James R Scapa, and was acquired by Siemens in October 2024. AI-powered data science platform enables model deployment and analytics insights. It operates on a SaaS (Software-as-a-Service) and PaaS (Platform-as-a-Service) model in Technology and Industrial Goods & Manufacturing sectors. 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. Its chief executive, as recorded, is James R Scapa. Its website altair.com draws about 796 thousand monthly visits. Altair offers products and services including Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner. Its focus areas include Software, Simulation Software and Data Analytics. Its legal entity is Altair Engineering Inc. Its competitors include Databricks, Sisense and NGINX; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Troy, United States
- Founders James R Scapa
- Stage Acquired
- SectorsTechnologyIndustrial Goods & Manufacturing
- Website category Science and Education
- Phone•••• ••••
- Website altair.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Siemens (Oct 2024)
- Legal Name Altair Engineering Inc.
Associated legal entities of Altair
Altair is associated with 2 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Altair Engineering India Private Limited CIN U72200KA1996PTC020391 | Active | 30 Apr 1996 | Bengaluru, Karnataka | ₹548 Cr | 732 | 2 | View details |
| Altair Power Private Limited CIN U31300DL2013PTC248160 | Active | 11 Feb 2013 | Delhi, Delhi | ₹31.8 Cr | 2 | View details |
Products & Services of Altair
Altair offers a comprehensive portfolio of products and services, including Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner.
Platform for managing compute-intensive tasks and resources.
Tool for AI-powered design and simulation solutions.
Solution for low-code data analytics and AI.
Apps and channels of Altair
its YouTube channel Altair has 17K subscribers and 30 videos.
Videos from Altair
The most watched videos on Altair's YouTube channel, Altair (17K subscribers). Click a video to play it here.
More on Altair.
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 $35.05M
- Total Rounds 11
- Last Round Post-IPO — $3.43M
- First Round $30M
(Oct 2004)
- Investors Count 3
Latest 10 of 11 funding rounds of Altair 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 |
|---|---|---|---|---|---|
| Jul 2023 | $3.43M | Post-IPO | – | – | – |
| Sep 2021 | $200M | Post-IPO | – | – | |
| Jul 2019 | $172,214 | Grant | – | – | |
| Jan 2019 | $172,214 | Grant | – | – | |
| Sep 2018 | $464,735 | Grant | – | – | |
| Jan 2018 | $464,735 | Grant | – | – | |
| Oct 2017 | $5.05M | Series A | – | – | – |
| Nov 2016 | $55,272 | Grant | – | – | |
| Oct 2016 | $787,546 | Grant | – | – | |
| Jan 2016 | $439,456 | Grant | – | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity fund focused on global markets | 1980 | generalatlantic.com | New York, United States | |
| matrixlp.com | ||||
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Industrial software is developed for automation, electrification, and digitalization solutions. | 1847 | siemens.com | United States |
Investor details for Altair
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Altair
The boards of the 2 registered companies of Altair currently have 4 directors; the longest-serving is Bhavesh Jain, appointed in 2013. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Bhavesh Jain DIN 03505885 | Director | 11 Feb 2013 | 13 yrs 9 mo | Altair Power Private Limited |
| Rashi Garg DIN 07924578 | Additional Director | 01 Dec 2024 | 1 yr 11 mo | Altair Power Private Limited |
| Mathew Thomas DIN 09688311 | Additional Director | 24 Jun 2025 | 1 yr 4 mo | Altair Engineering India Private Limited |
| Sridhar Subramaniam DIN 07750520 | Additional Director | 24 Jun 2025 | 1 yr 4 mo | Altair Engineering India Private Limited |
People of Altair
1352 people are tracked at Altair (482 in leadership, 870 in team).
| Name | Role | Group |
|---|---|---|
James R Scapa | Founder & CEO | Leadership |
Laura Engelhardt | Head Of Strategy And Transformation | Leadership |
Beatrice Bock | Chief Financial Officer, Mobility | Leadership |
Vasi Philomin | Executive Vice President, Data And AI | Leadership |
Scot Gardner | Executive Vice President, Sales And Marketing - Siemens Digital Industries | Leadership |
Kal Mos | Executive Vp, Research & Predevelopment At Siemens | Leadership |
Emilio Tuinenburg | Head Of Service And Technology | Leadership |
Jesse Romano | Director S&c Systems | Leadership |
Simon Rennie | Head Of Digital (rolling Stock) | Leadership |
Stefanie Huth | Global Head Of Executive Search | Leadership |
Mitesh Sheth | Account Director | Leadership |
Paul Limpitlaw | Head Of Business Development, Process Automation, Oil & Gas And Minerals | Leadership |
Fernando Pozuelo Vivas | Head Of IT APS LCW Enablement & Consulting And Service Owner For ACES (based On Pega) | Leadership |
Wilbert W. West | Director Of Industrial Vertical, EP Project Management Organization | Leadership |
Dalee Byrd | People & Organization (hr) Associate Business Partner | Leadership |
Cosima Schulz von Siemens | (senior) Human Resources Business Partner | Leadership |
Eric R. Lotz | National Federal Business Development-director | Leadership |
Jessin O. | Global Financial Controller Of IT Sustainability & Business Partner | Leadership |
Wahid Issa | Head Of Partner Operations | Leadership |
John Krasnokutsky | Motion Control Domain - Zone Americas; Director Of Portfolio Sales Enablement - NAM | Leadership |
1332 more people are available in the full profile.
Complete people profiles for Altair
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Financials of Altair
Figures of Altair Power Private Limited, the primary company behind Altair, for FY 2025. Revenue was ₹31.78 Cr (+18% year on year). Net profit was ₹28.5 Lakh (1% margin). EBITDA was ₹1.36 Cr (4% margin). Revenue has grown at a compounded annual rate of +8% over three years and +12% over five years.
- ₹31.78 CrRevenue · FY 2025 · +18% YoY
- ₹28.5 LakhNet profit · 1% margin
- ₹1.36 CrEBITDA · 4% margin
- ₹1.47 CrPaid-up capital
- +8%Revenue CAGR, 3 years
- +12%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Altair Power Private Limited are on its company page.
Detailed financial statements for Altair
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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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.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of data analysis and utilization tools, offering analytics training and education to help organizations make data-driven decisions | ksk-anl.com | Osaka, Japan | 2006 | Sep 2024 | •••• | |
Cloud-based regression testing platform for ASICs is provided. | metrics.ca | Ottawa, Canada | 2017 | Jul 2024 | •••• | |
Provider of a tool for aerodynamic analysis of the aircraft | researchinflight.com | Auburn, United States | 2012 | May 2024 | •••• | |
Graph-based data analytics platform for enterprise data management is offered. | cambridgesemantics.com | Boston, United States | 2007 | Apr 2024 | •••• | |
Physiotherapy, rehabilitation, and specialized medicine services are offered by Fisiodelta. | fisiodelta.it | Domodossola, Italy | 2004 | Dec 2023 | •••• | |
Designing optimization tools are developed for product performance. | omniquest.com | Novi, United States | 1984 | Oct 2023 | •••• | |
Open model-based system engineering solutions are provided for product development. | Michigan, United States | 0 | Jul 2023 | •••• | ||
Data science platform offered for machine learning and analytics. | rapidminer.com | Cambridge, United States | 2006 | Sep 2022 | •••• | |
Automatic schematic generation technology for EDA tools is developed. | concept.de | 1990 | Jun 2022 | •••• | ||
Cloud-based 3D CAD modelling software is provided for additive manufacturing. | gen3d.com | Bath, United Kingdom | 2018 | Jun 2022 | •••• |
Complete acquisition details for Altair
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Timeline of Altair
15 dated milestones of Altair across 39 years, from founding to its latest funding, stage changes and deals.
- Founded Altair is founded.
- Funding First funding round of $30.0M.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Gen3D.
- Acquisition Acquires Concept Engineering.
- Acquisition Acquires RapidMiner.
- Funding Latest funding round, Post-IPO, of $3.4M.
- Acquisition Acquires OmniV.
- Acquisition Acquires OmniQuest.
- Acquisition Acquires Fisiodelta.
- Acquisition Acquires Cambridge Semantics.
- Acquisition Acquires Research in Flight.
- Acquisition Acquires Altair.
- Acquisition Acquires KSK Analytics.
- Exit Acquired by Siemens.
Competitors of Altair
Altair has 3 listed competitors in our database, 3 of them funded. They include Databricks, Sisense and NGINX.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| databricks.com | 2013 | San Francisco, United States | $25.18B | 3,299 | Data, analytics, and AI capabilities are unified in a platform. | |
| sisense.com | 2004 | New York, United States | $275.5M | 439 | Business intelligence and data analysis solutions are provided for enterprises. | |
| nginx.com | 2011 | San Francisco, United States | $84M | 136 | Open-source internet infrastructure software is provided by NGINX. |
Detailed competitors of Altair
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Web traffic of Altair
The website of Altair (altair.com) receives about 795.7K visits a month and ranks #63,334 among all websites worldwide, #3,952 in Science and Education.
- Monthly visits795.7K
▼ 2.6% vs previous month
- Unique visitors340.6K
per month
- Global rank#63,334
among all websites
- Category rank#3,952
Science and Education · Science and Education
- Bounce rate51%
- Pages per visit3.0
- Average visit2 min 15 sec
- DevicesDesktop 42% · Mobile 58%
Websites whose visitors overlap most with Altair. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| ansys.com | 100% | 1.6M | #33,789 | View details | |
| altairhyperworks.com | 97% | View details | |||
| mscsoftware.com | 97% | 31.9K | #888,680 | View details | |
| simulia.com | 91% | View details | |||
| nenastran.com | 76% | View details | |||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Altair
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Top companies in Business Analytics & Intelligence Tools
3 companies that operate in the same segment as Altair (Business Analytics & Intelligence Tools) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Data, analytics, and AI capabilities are unified in a platform. | 2013 | San Francisco, California, United States | USD 20.67 B | USD 15.9 M | 5,679 | |
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cloud-based platform for enterprise search | 2019 | Palo Alto, California, United States | USD 765.3 M | 1,751 |
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Related news about Altair
Complete news archive for Altair
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Frequently Asked Questions about Altair
Altair was founded in 1985 and raised its 1st funding round 19 years after it was founded.
Altair is headquartered in Troy, United States.
James R Scapa is the CEO of Altair, as recorded in our data. They have also founded this 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 $439.46K, raised on Oct 2004.
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.
Altair's top competitors include Databricks, Sisense and NGINX.
Altair offers Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner.
Altair has made 34 acquisitions, including Altair, Cambridge Semantics, and Candi.
Altair has 4 investors. Key investors include Siemens, General Atlantic, European Union, and Matrix Capital Management.
Altair is associated with 2 legal entities: Altair Power Private Limited, Altair Engineering India Private Limited.
Yes. Altair was acquired by Siemens in October 2024.
The legal entities of Altair currently have 4 directors, including Bhavesh Jain, Rashi Garg, Mathew Thomas and others.