Diligence memo · auto-generated · as of July 2, 2026
Altair Engineering Inc.
Altair Engineering Inc. looks under-valued against its niche peers and is quiet on financing cadence.
Businessfiled
Altair Engineering Inc. operates in Computers, based in Troy.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Altair Engineering Inc. has raised $8.5M in disclosed capital across 2 recorded rounds, aggregated from public filings. Its latest round is modeled as Series A (a $4.0M–$15M round).
Largest single filing: $5.1M on 2017-09-28.
Most recent recorded round closed around 2024-07-11.
Valuation (modeled)modeled
Provath models Altair Engineering Inc. at approximately $20M (range $4.7M–$43M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Under-valued. Modeled value is 0.37× the median modeled value of Series A Computers companies in 2022–2024 (34 peers) — value vs value, same stage and era. Issuer reports $100M+ revenue while modeled below niche peers.
Financing rhythm & timingmixed
Historic cadence: a new round about every 81 months.
Last raise 24 mo ago; this sector typically re-raises about every 12 months.
Slightly overdue versus sector cadence.
The last round was 1.5× smaller than the prior — a bridge or down round.
Comparablesmixed
Capital scale ranks ahead of 77% of Computers peers (1371 compared).
Modeled value ranks above 40% of those peers.
Closest niche peers: Touzi Gem Inv, LLC, Boomtown Network, Inc., 8base Inc., Touzi Mining Invest II, LLC, Slip.Stream Group Co..
Peoplefiled
14 named people on file across officers, directors and signatories.
Risks & flagsmixed
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.