Altair
A global technology company providing software and cloud solutions in simulation, HPC, and AI.
- CEO / Founder
- James Scapa
- Team Size
- 1001-5000
- Stage
- Active
- Total Funding
- $386M
- Latest Round
- Post-IPO Equity
- 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.