General Atlantic is a private equity firm that provides capital and strategic support for growth companies. General Atlantic combines a collaborative approach, sector-specific expertise, a long-term investment horizon, and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build market businesses.

General Atlantic

Altair

Quantum information processing is slowly becoming a reality, ushering in a new technological era.

Quantum Computing

UK-based Riverlane is a quantum software company spun out of the University of Cambridge. The company’s flagship product, Deltaflow.OS, is a quantum operating system that can run on different types of quantum computing hardware. The company also offers Deltaflow-VL, a quantum control system, and Anian, a software solution for developing chemical applications.Riverlane is a part of the government's USD 9.3 million Industrial Challenge Strategy Fund to deploy an innovative quantum operating system. This funding requires Riverlane to work together with other quantum startups in the UK and deliver its operating system to every quantum computer in the country.Key customers and partnershipsIn August 2021, the company secured its first sales contract of the UK's National Quantum Computing Centre (NQCC)—which is funded by the UK Research and Innovation body—to supply quantum software products. In June 2022, the company partnered with <a href="https://sp-edge.com/updates/11334">Rigetti Computing </a>(US) to conduct joint research on error correction solutions in superconducting quantum computers. In December 2023, the company partnered with <a href="https://sp-edge.com/updates/24737">Nüvü Camēras and Infleqtion </a>to develop qubit imaging systems for quantum computers. Later that month RIverlane and <a href="https://sp-edge.com/updates/24986">Rolls-Royce </a>initiated a project called Quantum Accelerator for Materials Design (QuaMaD), to develop tools that simulate complex materials on quantum computers. In February 2024, the company joined a project led by the <a href="https://sp-edge.com/updates/27062">Oak Ridge National Laboratory </a>(ORNL), a part of the US Department of Energy (DOE) along with Rigetti Computing to explore the possibility of integrating a quantum computer and high-performance computing (HPC) systems. In March 2024, Riverlane and <a href="https://sp-edge.com/updates/27477">Xanadu, and Rolls-Royce </a>joined together to leverage quantum computing for modeling airflow in jet engines. The project CATALYST is supported by Innovate UK—GBP 0.4 million (USD 0.5 million)—and the National Research Council of Canada—CAD 0.5 million (USD 0.4 million).Funding and financialsIn April 2023, the company raised GBP 15 million (USD 18.7 million) in a Series B funding round led by Molten Ventures, which brought Riverlane’s total funding to USD 43 million. The funds from the round were earmarked to fuel the development of Riverlane’s operating software Deltaflow.OS.

Riverlane creates and engineers instruments. With the help of the manufacturers of quantum computers, they put them into practice. New hardware and software tools are needed to regulate intrinsically unstable qubits and completely fix system defects ten billion times or more per second in order to unlock the entire range of quantum computing applications.

Immersive Fox develops a text-to-video B2B service to generate video content for companies remotely. It also creates AI-generated microlearning videos from any text for learning management systems and corporate communication.

Xscape Photonics provides photonic chips for high-speed connections in high-performance computing systems and data centers. The company uses photonics to realize scalable, high-bandwidth, energy-sustainable, and cost-effective solutions that enable the next generation of AI, ML, and simulation hardware.

Altair Engineering, Inc. provides enterprise analytics, engineering, and on-demand computing software technologies. Its technology optimizes the analysis, management, and visualization of business and engineering information. The company's products include HyperWorks, an enterprise simulation solution for design exploration and decision-making; and PBS GridWorks, a software environment for grid, cluster, and on-demand computing. It also provides product development consultancy services, business intelligence software solutions, and solid state lighting products, as well as develops and markets industrial design/styling software. The company serves automotive, aerospace, government and defense, heavy equipment, consumer products, life and earth sciences, oil and gas, and financial services industries. It sells its products through resellers and distributors in North America, South America, Europe, Africa, Russia, Asia, and Australia. The company was founded in 1985 and is headquartered in Troy, Michigan. It has regional offices and locations in Australia, New Zealand, Brazil, Canada, China, France, Germany, India, Italy, Japan, Korea, Mexico, the Russian Federation, Sweden, the United Kingdom, Ireland, and the United States.

<div> Altair Engineering, Inc. provides enterprise analytics, engineering, and on-demand computing software technologies. Its technology optimizes the analysis, management, and visualization of business and engineering information. The company's products include HyperWorks, an enterprise simulation solution for design exploration and decision-making; and PBS GridWorks, a software environment for grid, cluster, and on-demand computing. It also provides product development consultancy services, business intelligence software solutions, and solid state lighting products, as well as develops and markets industrial design/styling software. The company serves automotive, aerospace, government and defense, heavy equipment, consumer products, life and earth sciences, oil and gas, and financial services industries. It sells its products through resellers and distributors in North America, South America, Europe, Africa, Russia, Asia, and Australia. The company was founded in 1985 and is headquartered in Troy, Michigan. It has regional offices and locations in Australia, New Zealand, Brazil, Canada, China, France, Germany, India, Italy, Japan, Korea, Mexico, the Russian Federation, Sweden, the United Kingdom, Ireland, and the United States. </div>

Altair Announces Crown Point Technologies as U.S. and Europe Data Analytics and AI Reseller

Using real-time data to create dynamic virtual representations of the real world

Digital Twin

Companies that facilitate the creation of digital twins to monitor and maintain assets, including buildings and network infrastructure.

Platforms that facilitate digital twin modeling by either collectively or individually offering any combination of data capture and analytics solutions.

Companies offering digital twins to gain insights for use in commercial planning, logistics and distribution, and other supply chain processes.

Companies that offer digital twins to assess risks and recommend solutions in areas such as disaster management, DNA testing, clinical trials (to simulate effects of treatments), etc.

Used to design and build components contributing to smart cities, roads, airports, public transportation systems, etc.

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<div>
 Altair and L&amp;T Technology Services (LTTS) have established a digital twin center of excellence. The center aims to provide advanced digital twin solutions globally, with a focus on mobility, technology, and sustainability to foster innovation and efficiency. The collaboration is set to enhance the capabilities of many industries in virtual modeling and simulation.
</div> Analyst QuickTake: 
 In July 2024, Altair partnered with the <a href="https: 
//sp-edge.com/updates/31364"> Automotive Research Association of India </a> to advance technology and digital transformation in the automotive and heavy engineering sectors. In the same month, it also partnered with the <a href="https: 
//sp-edge.com/updates/31885"> University of Nottingham </a> to develop a digital twin project for the aerospace sector. This indicates its commitment to exploring digital twin solutions in various sectors through partnerships with universities and research institutes.

Altair

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