Altair Engineering

Altair Engineering

Enterprise analytics and engineering software. Learn more

Launch date
Employees
Market cap
$7.5b
Enterprise valuation
$7.2b (Public information from Sep 2024)
Abu Dhabi Abu Dhabi Emirate (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
USD2020202120222023202420252026
Revenues470m532m572m613m653m713m775m
% growth2 %13 %8 %7 %7 %9 %9 %
EBITDA37.4m37.4m11.7m56.2m140m171m206m
% EBITDA margin8 %7 %2 %9 %21 %24 %27 %
Profit(10.5m)(8.8m)(43.4m)(8.9m)25.0m35.5m59.9m
% profit margin(2 %)(2 %)(8 %)(1 %)4 %5 %8 %
EV / revenue9.1x11.1x6.3x10.9x11.2x10.1x9.0x
EV / EBITDA113.9x157.2x311.4x119.4x52.2x41.8x33.8x
R&D budget126m151m186m213m---
R&D % of revenue27 %28 %32 %35 %---

Source: Dealroom estimates

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DateInvestorsAmountRound
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N/A

-

N/A

Post IPO Equity

$30.0m

Growth Equity VC
N/A

$156m

Valuation: $785m

IPO
*
N/A

€4.0m

Post IPO Equity
*
N/A

N/A

Grant
Total Funding$30.0m

Recent News about Altair Engineering

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More about Altair Engineeringinfo icon
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Altair is a global technology company specializing in simulation, high-performance computing (HPC), and artificial intelligence (AI). The company serves a diverse range of clients, including those in the automotive, aerospace, healthcare, and financial services sectors. Altair operates in the technology and engineering markets, providing software and cloud solutions that enable organizations to enhance product design, optimize performance, and make data-driven decisions. The business model is primarily subscription-based, offering software licenses and cloud-based services. Revenue is generated through software subscriptions, consulting services, and training programs. Altair's solutions are designed to improve productivity, reduce costs, and accelerate innovation for its clients.

Keywords: simulation, AI, HPC, product design, cloud solutions, automotive, aerospace, healthcare, financial services, innovation.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.
Investments analysisEdit

Investments by Altair Engineering

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Wrap
ACQUISITION by Altair Engineering May 2020
Carriots
ACQUISITION by Altair Engineering Jun 2017
SimLab
ACQUISITION by Altair Engineering Oct 2010
Univa
ACQUISITION by Altair Engineering Sep 2020
Candi Controls
ACQUISITION by Altair Engineering May 2018
Datawatch Corp
ACQUISITION by Altair Engineering Nov 2018
RapidMiner
ACQUISITION by Altair Engineering Sep 2022
CEDRAT Technologies
ACQUISITION by Altair Engineering May 2016
Runtime Design Automation
ACQUISITION by Altair Engineering Sep 2017
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