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
Locked
- Legal Name Altair Engineering Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$35.05 M (USD)
in 11 rounds
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Latest Funding Round
$3.43 M (USD), Post-IPO
Jul 11, 2023
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Investors
Siemens
& 3 more
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Employee Count
Not available
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Investments & Acquisitions
Altair
& 33 more
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Acquired by
Siemens
(Oct 30, 2024)
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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.
Platform for managing compute-intensive tasks and resources.
Tool for AI-powered design and simulation solutions.
Solution for low-code data analytics and AI.
People of Altair
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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.
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.
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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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Investor details for Altair
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Altair
Altair has strategically engaged in corporate development activities, having acquired 34 companies. Notable acquisitions include Altair, Cambridge Semantics and Candi.
Investment portfolio details for Altair
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- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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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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Locked | Locked | 2015 | Locked |
Complete acquisition details for Altair
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Verified entity values are shown only after access is granted.
Financial Statements - Altair
Detailed financials for Altair
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Altair Comparisons
Peer comparison for Altair
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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.
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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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Detailed competitors of Altair
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Latest news on Altair
Complete news archive for Altair
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- Full article archive
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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 current CEO of Altair. They have also founded this company.
Altair is a funded company, having raised a total of $35.05M across 11 funding rounds to date.
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, DataRobot and ZWSOFT.
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.