Tech Company Financing Transactions
Altair Engineering Funding Round
On 10/5/2004, Altair Engineering raised $30 million in funding from General Atlantic.
Transaction Overview
Company Name
Announced On
10/5/2004
Transaction Type
Venture Equity
Amount
$30,000,000
Round
Undisclosed
Investors
General Atlantic (Lead Investor) (Marc McMorris)
Proceeds Purpose
Altair will use the new funding to accelerate growth and capital expansion, increase technology investments and secure additional liquidity as needed to support future corporate initiatives. Additionally, Altair will leverage the new investment to expand into new markets, both within North America and other key geographic regions around the world.
Company Information
Company Status
Publicly-held
Industry
Engineering
Mailing Address
1820 Big Beaver Rd.
Troy, MI 48083
USA
Troy, MI 48083
USA
Phone
Website
Email Address
Overview
Altair Engineering (NASDAQ: ALTR) empowers client innovation and decision-making through technology that optimizes the analysis, management and visualization of business and engineering information.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
James Scapa
Chief Financial Officer
Howard Morof
Chief Information Officer
Martin Nichols
Chief Marketing Officer
Amy Messano
Chief Operating Officer
Brett Chouinard
Chief Technical Officer
James Dagg
Chief Technical Officer
Sam Mahalingam
Chief Technical Officer
Uwe Schramm
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Where The Data Comes From
We do our best to record every notable VC transaction. VC transactions reported here come from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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