How much funding has Altair Engineering raised?

Altair Engineering has raised $30.0M in total funding, most recently a Growth Equity round.

Who are Altair Engineering's investors?

Altair Engineering's investors include General Atlantic.

When was Altair Engineering founded?

Altair Engineering was founded in 1985.

Where is Altair Engineering headquartered?

Altair Engineering is headquartered in Troy, Michigan, United States.

What industry is Altair Engineering in?

Altair Engineering operates in SaaS.

How many employees does Altair Engineering have?

Altair Engineering has 1001-5000 employees.

Altair Engineering

Acquired

Troy, United States · Founded 1985 · $30.0M raised

SaaS

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

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.