Altair

Altair Engineering Inc. (Nasdaq: ALTR) is a global leader in computational intelligence software and technology. Founded in 1985 and headquartered in Troy, Michigan, Altair provides software and cloud solutions in the areas of simulation, high-performance computing (HPC), data analytics, and artificial intelligence (AI).

Altair's integrated suite of software optimizes design performance across multiple disciplines including structures, motion, fluids, thermal management, electromagnetics, system modeling, and embedded systems. The company's products serve a broad range of industries including automotive, aerospace, government and defense, finance, energy, technology, life sciences, architecture, and construction. Altair's software product revenue, which makes up the majority of its total revenue, reached USD 550.0 million in 2023, an 8.6% increase from the previous year.

Altair continues to expand its capabilities through strategic acquisitions and product development. The company has recently focused on enhancing its data analytics and AI capabilities, and is anticipating the launch of new products like Altair SimSolid for electronics. Altair also emphasizes sustainability, aiming to create a greener, more sustainable future through its technologies. With over 3,000 employees across 28 countries and serving more than 16,000 customers globally, Altair is well-positioned to drive innovation and digital transformation across various industries.