About Altiostar
Altiostar is a Technology company based in Tewksbury (United States) founded in 2011, and was acquired by Rakuten in August 2021. Cloud-based virtualized RAN and NFV software is provided for enterprises. It operates in the Technology and Telecommunications sectors. Altiostar has raised $317.04 million across 10 funding rounds from investors including Rakuten, Tech Mahindra and Telefónica. The company has 741 employees. Its Indian entity Altiostar Networks India Private Limited reported revenue of ₹529 Cr. The company was acqui-hired. Its focus areas include Telecom, Telecom Infrastructure Tech, Radio Access Network (RAN) and Equipment. Its competitors include VMware, Mavenir and Parallel Wireless; 2 of its 3 listed competitors have raised funding.
Company details
Altiostar was founded in 2011 and is headquartered in Tewksbury, United States. Enterprise solutions in virtualized radio access networks and network functions virtualization are delivered through a cloud platform. A carrier-grade NFV platform based on open source is maintained. eNodeB modules have been developed as virtual network functions labeled vBBU. Cloud-RAN capabilities are applied in LTE-A networks, with macro iRRH radios supplied for outdoor LTE coverage.
- Headquarters Tewksbury, United States
- Employees 741
- Stage Acquired
- SectorsTechnologyTelecommunications
- Email••••••••
- Phone•••• ••••
- Website altiostar.com
- Social LinkedIn X
- Acquired by Rakuten (Aug 2021)
- Legal Name Altiostar Networks India Private Limited
- Date of Incorporation 30 Jan, 2012
- Jurisdiction Bangalore, Karnataka, India
- Indian entity revenue₹529 Cr
FY 2025 · -13% YoY
- Indian entity net profit₹50.46 Cr
FY 2025 · 10% margin
- Indian entity EBITDA₹174 Cr
FY 2025 · 33% margin
- Total Equity Funding$317.04M (USD)
in 10 rounds
- Latest Funding Round$4M (USD), Series C
Oct 2019
- InvestorsRakuten
& 4 more
- Employee Count741
- Acquired byRakuten
(Aug 2021)
Associated legal entities of Altiostar
Altiostar operates through Altiostar Networks India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Altiostar Networks India Private Limited CIN U32204KA2012FTC062295 | Active | 30 Jan 2012 | Bangalore, Karnataka | ₹529 Cr | 741 | 5 | View details |
Funding Insights of Altiostar
Altiostar has successfully raised a total of $317.04M across 10 strategic funding rounds. The most recent funding activity was a Series C round of $4 million completed in October 2019. 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 $317.04M
- Total Rounds 10
- Last Round Series C — $4M
- First Round $9.5M
(Apr 2012)
- Investors Count 5
All 10 funding rounds of Altiostar 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 |
|---|---|---|---|---|---|
| Oct 2019 | $4M | Series C | – | Telefonica | – |
| Feb 2019 | $114M | Series C | – | Rakuten, Qualcomm Ventures | – |
| Aug 2017 | $2M | Series C | – | – | – |
| Jan 2017 | $27M | Series C | – | – | – |
| Oct 2016 | $30.04M | Series C | – | – | – |
| Sep 2016 | $12.5M | Debt – Conventional | – | – | – |
| Feb 2015 | $70M | Series C | – | – | – |
| Aug 2013 | $50M | Series C | – | Cisco Investments | – |
| Mar 2013 | $10.5M | Series B | – | – | – |
| Apr 2012 | $9.5M | Series A | – | – | – |
5 investors in total: 5 institutional.
Investors in Altiostar
Altiostar has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Rakuten, Tech Mahindra and Telefónica.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investing in technology sectors such as AI and automotive. | 2000 | qualcommventures.com | San Diego, United States | |
Technology investments and expertise in networking, cloud, and security services. | 2003 | ciscoinvestments.com | San Jose, United States | |
Mobile and fixed-line telephony services are provided globally by Telefonica. | 1924 | telefonica.com | Madrid, Spain | |
Cashback is provided on multi-category products through an app-based platform. | 1997 | rakuten.com | San Francisco, United States | |
Provider of data analytics, cloud management, and business process outsourcing services | 1986 | techmahindra.com | Pune, India |
Investor details for Altiostar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Altiostar Networks India Private Limited (Altiostar)
Altiostar Networks India Private Limited is the primary company behind Altiostar. The board of Altiostar Networks India Private Limited currently have 5 directors; the longest-serving is Hideyuki . Hirama, appointed in 2023. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Hideyuki . Hirama DIN 10237177 | Director | 10 Aug 2023 | 3 yrs 2 mo | Altiostar Networks India Private Limited |
| Subba Rao Gonella DIN 10435016 | Additional Director | 05 Jan 2024 | 2 yrs 9 mo | Altiostar Networks India Private Limited |
| Kensuke Deguchi DIN 10568401 | Director | 23 Apr 2024 | 2 yrs 6 mo | Altiostar Networks India Private Limited |
| Satoshi Sato DIN 10568402 | Director | 23 Apr 2024 | 2 yrs 6 mo | Altiostar Networks India Private Limited |
| Sanjay Saraswat DIN 06948974 | Managing Director | 26 Sep 2025 | 1 yr 1 mo | Altiostar Networks India Private Limited |
People of Altiostar
130 people are tracked at Altiostar (18 in leadership, 6 in board & advisors, 106 in team); the tracked headcount is 741.
| Name | Role | Group |
|---|---|---|
John P. Delea | Chief Financial Officer | Leadership |
Ashraf M. Dahod | President & CEO | Leadership |
Ashish Sharma | Senior Director | Leadership |
Anil Sawkar | VP Engineering & Operations | Leadership |
Purushottam R Kulkarni | Senior Director QA (ran Capacity & Ems) | Leadership |
Kiran Kumar J S | Technical Director | Leadership |
Ashish Arora | Director | Leadership |
Seejoy Jose | Director | Leadership |
Raghavendra Agarwal | Director | Leadership |
Shiva M | Director Service Delivery | Leadership |
Nirav Salot | VP Of SW Product Management | Leadership |
James Mustone | Vice President Of Finance | Leadership |
Vineet Agrawal | Director | Leadership |
Aashishh Sharrma | Senior Director | Leadership |
Kannan Kadirvelu | Vice President Of Engineering | Leadership |
Guruprasad Bhat | V.p. And Head - Sales And Field Operations (india And Apac) | Leadership |
Pierre Kahhale | VP Field Operations | Leadership |
Ravi R Bhat | Director Product Line Management | Leadership |
Tareq Amin | Board Member | Board & advisors |
Paul J. Milbury | Board Member | Board & advisors |
110 more people are available in the full profile.
Complete people profiles for Altiostar
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Financials of Altiostar
Figures of Altiostar Networks India Private Limited, the primary company behind Altiostar, for FY 2025. Revenue was ₹529 Cr (-13% year on year). Net profit was ₹50.46 Cr (10% margin). EBITDA was ₹174 Cr (33% margin). Revenue has grown at a compounded annual rate of -3% over three years and +25% over five years.
- ₹529 CrRevenue · FY 2025 · -13% YoY
- ₹50.46 CrNet profit · 10% margin
- ₹174 CrEBITDA · 33% margin
- ₹10 LakhPaid-up capital
- 741Employees (provident fund records)
- -3%Revenue CAGR, 3 years
- +25%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Altiostar Networks India Private Limited are on its company page.
Detailed financial statements for Altiostar
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Altiostar
4 dated milestones of Altiostar across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Altiostar is founded.
- Funding First funding round of $9.5M.
- Funding Latest funding round, Series C, of $4.0M.
- Exit Acquired by Rakuten.
Competitors of Altiostar
Altiostar has 3 listed competitors in our database, 2 of them funded. They include VMware, Mavenir and Parallel Wireless.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| vmware.com | 1998 | Palo Alto, United States | $595.83M | Cloud orchestration solutions are provided for multi-cloud and device applications. | ||
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| parallelwireless.com | 2012 | Nashua, United States | 255 | Provider of the virtual gateway, small cells, and cloud and open RAN solutions |
Detailed competitors of Altiostar
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Top companies in Enterprise Networking & IT Infrastructure
3 companies that operate in the same segment as Altiostar (Enterprise Networking & IT Infrastructure) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
Cloud based website security solutions | 2009 | San Francisco, California, United States | USD 332.1 M | USD 1.67 B | 7,330 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 |
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Related news about Altiostar
Complete news archive for Altiostar
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Frequently Asked Questions about Altiostar
Altiostar was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Altiostar is headquartered in Tewksbury, United States. It is registered at Tewksbury, Massachusetts, United States.
Altiostar is a funded company, having raised a total of $317.04M across 10 funding rounds to date. The company's 1st funding round was a Series A of $9.5M, raised on Apr 2012.
Altiostar has 741 employees.
The primary company behind Altiostar, Altiostar Networks India Private Limited, reported revenue of ₹529 Cr for FY 2025, down 13% year on year.
Altiostar was founded in 2011 and is headquartered in Tewksbury, United States. Enterprise solutions in virtualized radio access networks and network functions virtualization are delivered through a cloud platform. A carrier-grade NFV platform based on open source is maintained. eNodeB modules have been developed as virtual network functions labeled vBBU. Cloud-RAN capabilities are applied in LTE-A networks, with macro iRRH radios supplied for outdoor LTE coverage.
Altiostar's top competitors include VMware, Mavenir and Parallel Wireless.
Altiostar has 5 investors. Key investors include Rakuten, Tech Mahindra, Telefónica, Cisco Investments, and Qualcomm Ventures.
Altiostar operates through Altiostar Networks India Private Limited.
Yes. Altiostar was acquired by Rakuten in August 2021.
The legal entities of Altiostar currently have 5 directors, including Hideyuki . Hirama, Subba Rao Gonella, Sanjay Saraswat and others.