How much funding has Altair raised?

Altair has raised Publicly Traded in total funding. Key investors include General Atlantic, Matrix Capital Management Company LP.

Who is the CEO of Altair?

James Scapa is the CEO of Altair. The company was founded in 1985.

Where is Altair located?

Altair is headquartered in Troy, USA.

What funding stage is Altair at?

Altair is currently at the Public stage.

How many employees does Altair have?

Altair has approximately 1001-5000 employees.

Altair

Name: AM Companies Database
Creator: AMPulse
License: https://creativecommons.org/licenses/by/4.0/

SoftwareTroy, USAFounded 1985· One of 350 Software companies tracked by AMPulse

A global technology company providing software and cloud solutions in simulation, HPC, and AI.

CEO / Founder: James Scapa
Team Size: 1001-5000
Stage: Public
Total Funding: Publicly Traded
Latest Round: Post-IPO
Key Investors: General Atlantic, Matrix Capital Management Company LP

Technology & Products

Key Products

Altair offers a comprehensive suite of software solutions for simulation, high-performance computing (HPC), and artificial intelligence (AI). Key products include Altair Inspire, SimSolid, SimLab, HyperMesh, and the Altair One platform for cloud-based access to their technology.

Technological Advantage

Altair's focus on open-architecture solutions and a flexible licensing model provides a significant advantage. Their technology enables the creation of comprehensive digital twins, allowing for extensive simulation and analysis throughout the product lifecycle.

Differentiation

Value Proposition

Enabling organizations to innovate faster, reduce development costs, and improve product performance through a comprehensive suite of software solutions.

How They Differentiate

Altair differentiates through its flexible units-based licensing model, a broad portfolio of integrated software solutions, and its pioneering expertise in combining simulation with AI and HPC.

Market & Competition

Target Customers

Engineers, data scientists, and researchers in various industries aiming to optimize product design, processes, and decision-making.

Industry Verticals

["Automotive","Aerospace","Consumer Goods","Electronics","Energy","Heavy Industry"]

Competitors

Dassault Systèmes, Ansys, Siemens

Growth & Milestones

Growth Metrics

Consistent revenue growth and an expanding customer base leading up to its acquisition.

Major Milestones

["1985: Company founded","2017: Initial Public Offering (IPO) on Nasdaq","2024: Signed definitive agreement to be acquired by Siemens for $10.6 billion"]

Notable Customers

Early clients included Ford Motor Company, General Motors, and Chrysler. Altair serves over 3,000 corporate clients across automotive, aerospace, government and defense, and consumer products verticals.

https://altair.com

Why this company matters

Altair occupies a distinctive position at the intersection of simulation, high-performance computing (HPC), and artificial intelligence. Founded in 1985, the company built its reputation on open-architecture software that allows engineers to model and optimize product performance across multiple physics domains. Its flexible, units-based licensing model gives customers cost-effective access to the entire software suite, a structure that differs from the per-product licensing of competitors like Dassault Systèmes, Ansys, and Siemens.

The core product portfolio includes Altair Inspire for generative design and simulation, SimSolid for structural analysis of large assemblies, SimLab for multiphysics simulation, and HyperMesh for meshing and model preparation. The Altair One platform provides cloud-based access to these tools, enabling digital twin creation and lifecycle simulation. Altair's technology supports additive manufacturing workflows by allowing engineers to simulate and optimize parts for processes such as LPBF and binder jetting before committing to production.

Altair serves over 3,000 corporate clients across automotive, aerospace, consumer goods, electronics, energy, and heavy industry. Early customers included Ford, General Motors, and Chrysler. Engineers and data scientists use Altair's tools to reduce development costs and improve product performance, particularly in structural optimization and lightweighting for aerospace and automotive applications. The company has strategic partnerships with Microsoft Azure, Amazon Web Services, Google Cloud, NVIDIA, and Intel.

Altair's competitive moat lies in its early and sustained investment in combining simulation with AI and HPC, along with its open-architecture philosophy. The company went public in 2017 and in 2024 signed a definitive agreement to be acquired by Siemens for $10.6 billion. A key open question is how the acquisition will affect Altair's platform-agnostic licensing model and its relationships with customers who compete with Siemens in adjacent markets.