When was Altair founded?

Altair was founded in 1985 and raised its 1st funding round 19 years after it was founded.

Where is Altair located?

Altair is headquartered in Troy, United States.

How many employees does Altair have?

As of May 31, 2025, Altair has 831 employees, reflecting a 7% year-over-year growth in headcount.

Is Altair a funded company?

Altair is a funded company, having raised a total of $35.1M across 9 funding rounds to date. The company's 1st funding round was a $***** Unattributed round, raised on Oct 05, 2004.

When was the latest funding round of Altair?

Altair's latest funding was a $***** Post IPO round on Jul 11, 2023, with participation from 0 investor. Its primary sector is Business Intelligence. In United States, the Business Intelligence sector has seen $8.29B in funding in 2026 to date.

What is the annual revenue of Altair?

Annual revenue of Altair is between $500M and $1B as on Dec 31, 2024

Where does Altair rank among its competitors?

Altair ranks 3rd amongst 1425 active competitors, of which 238 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Databricks, which secured $5B in Aug, 2026.

Who are the top competitors of Altair?

Altair's top competitors include Databricks, data.ai and Domo. Among them, Databricks secured the most recent funding round in August, 2026.

Altair - 2026 Company Profile, Team, Funding, Competitors & Financials

Q: Is Altair an acquired company?

Altair got acquired by Siemens on Oct 30, 2024.

Company Details

Provider of enterprise software for simulation, data analytics, AI, and HPC. Delivers cloud-accessible platforms that converge modeling, simulation, high-performance computing, and analytics to support digital engineering and product development. Offers a unified cloud gateway for accessing design tools, AI workflows, and scalable compute resources. Includes dedicated platforms for low- and no-code data analytics, AI model development, and AI-assisted design and simulation across industries.

Website: altair.com
Social
Phone Number: +1 **********

Key Metrics

Founded Year

1985

Location

Troy, United States

Stage

Acquired

Total Funding

$35.1M in 9 rounds

Latest Funding Round

Post IPO, Jul 11, 2023, $*****

Investors

General Atlantic & 4 more

Ranked

3^rd among 1425 active competitors

Annual Revenue

$500M - $1B as on Dec 31, 2024

Employee Count

831 as on May 31, 2025

Investment & Acquisitions

Halliday & 50 more

Similar Companies

Databricks & 711 more

Exit Details

Acquired by Siemens (Oct 30, 2024)

View Altair's full profile

Altair is associated with 8 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Altair Engineering Inc. CIN: 001t000000Woam7AAB , United States, Active	Oct 01, 2020	-	3200 (As on Dec 31, 2023)	-
Altaïr Group CIN: 0758.662.635 , Belgium, Active	Nov 23, 2020	-	-	-
ALTAIR POWER PRIVATE LIMITED CIN: U31300DL2013PTC248160 , India, Active	Feb 11, 2013	₹10 - ₹50 Cr (As on Mar 31, 2025)	-
ALTAIR ENGINEERING INDIA PRIVATE LIMITED CIN: U72200KA1996PTC020391 , India, Active	Apr 30, 1996	₹500 - ₹1,000 Cr (As on Mar 31, 2025)	826 (As on Jun 30, 2025)
ALTAIR CIN: 40103108179 , Latvia, Active	Nov 23, 1993	€0 - €1M (As on Dec 31, 2025)	4 (As on Dec 31, 2023)	-
ALTAIR ADVANCED INDUSTRIES, INC. CIN: 271523352 , United States, Active	Dec 31, 1999	-	217 (As on Dec 31, 2017)	-
ALTAIR ENGINEERING INC CIN: 8-2591828 , United States, Active	Dec 31, 1984	$500M - $1B (As on Dec 31, 2024)	991 (As on Dec 31, 2023)	-
ALTAIR ENGINEERING INC CIN: 656979,0 , United States, Active	Oct 05, 2017	-	991 (As on Dec 31, 2023)	-

Altair got acquired by Siemens on Oct 30, 2024 at an acquisition amount of $*****.

Click here to take a look at Altair's acquisition in detail

Altair has raised a total funding of $35.1M over 9 rounds. Its first funding round was on Oct 05, 2004. Altair has 5 institutional investors.

Here is the list of recent funding rounds of Altair:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 11, 2023	6670179	Post IPO	5206084	6167116	6614259	4667738
Sep 27, 2021	1603117	Post IPO	7335808	7705246	4710084	Matrix Capital Management
Jan 07, 2019	4425569	Grant (prize money)	9385099	6319389	4730311	Europa

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View details of Altair's funding rounds and investors

The founders of Altair are Douglas Davis, Mark Kistner and George Christ.

Here are the details of Altair's key team members:

Douglas Davis: Owner of Altair.
Contact Info: 1 email address
Mark Kistner: Co-Founder of Altair.
George Christ: Co-Founder of Altair.

View details of Altair's Founder profiles and Board Members

Altair's employee count trend

Altair has 831 employees as of May 25. The total employee count is 7.0% more than what it was in May 24. Here is Altair's employee count trend over the years:

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Top competitors of Altair include Databricks, data.ai and Domo. Here is the list of Top 10 competitors of Altair, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Databricks 2013, San Francisco (United States), Series L	Data and AI platform that unifies analytics	$25.2B	Andreessen Horowitz, Insight Partners & 117 others	83/100
2nd	data.ai 2010, San Francisco (United States), Acquired	AI based market data analysis for generating consumer insights	$157M	Sequoia Capital, Greycroft & 16 others	81/100
3rd	Altair 1985, Troy (United States), Acquired	Provider of enterprise software for simulation, data analytics, AI, and HPC	$35.1M	General Atlantic, Shefa Capital & 3 others	77/100
4th	Domo 2010, American Fork (United States), Public	Provider of an AI and data products platform for businesses	$730M	BlackRock, IVP & 37 others	75/100
5th	Hightouch 2019, San Francisco (United States), Series D	Provider of an AI-powered marketing and customer data platform	$322M	Bain Capital Ventures, Sapphire Ventures ... & 23 others	73/100
6th	QlikTech 1993, Radnor (United States), Acquired	Provider of data integration, data quality, and analytics solutions	$12.5M	Thoma Bravo, ADIA & 6 others	72/100
7th	Affle 2005, Singapore (Singapore), Public	Provider of consumer intelligence driven platform for mobile advertising solutions	$10M	D2C, Sohum 9x & 12 others	72/100
8th	Fivetran 2012, Oakland (United States), Series D	Provider of a platform for automated data movement and integration	$730M	Andreessen Horowitz, Y Combinator & 10 others	72/100
9th	C3 AI 2009, Redwood City (United States), Public	Cloud based AI application development platform	$454M	Breyer Capital, TPG & 13 others	71/100
10th	DataRobot 2012, Boston (United States), Series G	Provider of an agent workforce platform for enterprise artificial intelligence	$1.05B	New Enterprise Associates, Sapphire Ventures ... & 77 others	71/100

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Altair has made 17 investments in companies including Halliday and Xscape Photonics. Altair has also acquired 34 companies including KSK Analytics and Metrics.

Here is the list of investments & acquisitions:

Filter this list

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jan 16, 2025	Investments	Halliday	2021	San Francisco (United States)
Oct 16, 2024	Investments	Xscape Photonics	2022	New York City (United States)
Sep 04, 2024	Acquisition	KSK Analytics	2006	Osaka (Japan)