About Altair
Altair is a company based in Ottawa (Canada) founded in 2017 was acquired by Altair in July 2024. It operates as a SaaS (Software-as-a-Service), and Managed Services. Altair offers products and services including Altair® DSim™, Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner. Altair operates in a competitive market with competitors including Azuro, Bluespec, Monetery Design Systems, 0-In Design Automation and Jasper DA, among others.
- Headquarter Ottawa, Canada
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Sectors
Technology
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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 Altair Engineering Inc.
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Products & Services of Altair
Altair offers a comprehensive portfolio of products and services, including Altair® DSim™, 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.
Digital simulator used for semiconductor functional verification tasks.
Platform used for high-performance computing and cloud solutions.
Platform utilized for design and simulation in engineering projects.
Platform employed for data analytics and AI-driven insights.
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Funding Insights of Altair
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Altair
Altair has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Altair. 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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AI-powered data science platform enables model deployment and analytics insights.
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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
| 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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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 Azuro, Bluespec, Monetery Design Systems, 0-In Design Automation and Jasper DA, 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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CCOPT technology is offered for embedded processors and SOCs.
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Electronic design synthesis tools for ICs and FPGAs are provided.
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Silicon virtual prototyping EDA tool
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Assertion-based functional verification company
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EDA company developing verification system that provides bug detection and debugging solutions
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Unified verification platform solutions
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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 2017.
Where is Altair located?
Altair is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
What does Altair do?
Altair is engaged in delivering advanced software solutions for simulation, design, and data analytics across various industries. The companys offerings include platforms for high-performance computing, AI-driven engineering, and semiconductor functional verification. Solutions such as Altair DSim are tailored for ASIC and FPGA designs, supporting multiple hardware description languages. Altair serves sectors like aerospace, automotive, electronics, and semiconductors, with a focus on scalable, cloud-based simulation tools. Its transformative SaaS model enables accessible and cost-effective design processes for complex engineering challenges.
Who are the top competitors of Altair?
What products or services does Altair offer?
Altair offers Altair® DSim™, Altair HPCWorks, Altair HyperWorks, and Altair RapidMiner.
Who are Altair's investors?
Altair has 1 investor. Key investors include Altair.
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