Altair Engineering
AcquiredAltair is now part of Siemens
Troy, United States · Founded 1985 · $30.0M raised
- Headquarters
- Troy, Michigan
- Employees
- 1001–5000
- Founded
- 1985
- Business Model
- B2B
- Website
- altair.com
- Total Funding
- $30.0M
- Last Round
- $30.0M Growth EquityJan 2004
- Rounds
- 1
- Acquisition Date
- Jan 2025
About
Altair Engineering is a global technology company founded in 1985 in Troy, Michigan, that provides software and cloud solutions for simulation, high-performance computing (HPC), data analytics, and artificial intelligence. Best known for its HyperWorks CAE software suite, Altair serves customers across automotive, aerospace, defense, life sciences, and financial industries. The company went public on Nasdaq in 2017 (ticker: ALTR) and grew to over 3,000 employees through more than 30 acquisitions before being acquired by Siemens in March 2025 for $10.6 billion.
Summary
Altair Engineering is a SaaS company based in Troy, United States, founded in 1985. It has raised $30.0M in total across 1 round, most recently a $30.0M Growth Equity round in Jan 2004. Investors include General Atlantic.
Tech & App Stack
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Funding History
Jan 2025
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Growth Equity through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
Acquisitions
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