Altaeros Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Private

  • Employees
  • 54

Employees

  • Latest Deal Type
  • Later Stage VC

  • Latest Deal Amount
  • $4.26M

  • Investors
  • 17

Altaeros General Information

Description

Provider of autonomous aerostats and support services intended to connect rural areas with mobile broadband. The company's turbine is a high-altitude turbine made for mobility and rapid deployment at remote, military, and offshore sites, as well as help in the cost-effective deployment of ubiquitous telecom services and deployment of technology-enabled agricultural services, enabling rural and isolated communities to improve connectivity through their super towers and facilitate control through their aerostat system.

Contact Information

Website
www.altaeros.com
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Corporate Office
  • 561 Windsor Street
  • Suite B404
  • Somerville, MA 02143
  • United States
+1 (617)
Primary Industry
Telecommunications Service Providers
Vertical(s)
CleanTech, Infrastructure, Climate Tech
Corporate Office
  • 561 Windsor Street
  • Suite B404
  • Somerville, MA 02143
  • United States
+1 (617)

Altaeros Timeline

2022202320242025
Financing RoundCaptured Employee CountEstimated Employee Growth

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Altaeros Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Later Stage VC 09-Apr-2025 $4.26M Completed Generating Revenue
9. Later Stage VC (Series C) 28-Mar-2024 Completed Generating Revenue
8. Later Stage VC 25-Jul-2022 Completed Generating Revenue
7. Later Stage VC (Series B1) 05-Nov-2021 Completed Generating Revenue
6. Later Stage VC (Series B1) 14-Nov-2018 Completed Generating Revenue
5. Accelerator/Incubator Completed Generating Revenue
4. Later Stage VC (Series A) 08-Aug-2017 Completed Generating Revenue
3. Grant 01-Jan-2017 Completed Generating Revenue
2. Grant 01-Jan-2014 $1.59M Completed Startup
1. Accelerator/Incubator Completed Startup
To view Altaeros’s complete valuation and funding history, request access »

Altaeros Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series B1-N
Series B1-A
Series A 8,941,888 $0.000001 $2.57 $2.57 1x $2.57 18.88%
To view Altaeros’s complete cap table history, request access »

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Altaeros Patents

  • 35

    Total Documents Applications and Grants

  • Total Patents Families

  • 29

    Granted

  • 1

    Pending

  • Expiring in next 12 mo

Altaeros Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-11429116-B2 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016
US-20200057455-A1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016
EP-3529144-B1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016
EP-3529144-A1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016
US-20220413516-A1 Systems and methods for an automated, lighter-than-air airborne platform Active 18-Oct-2016 B64B1/50
To view Altaeros’s complete patent history, request access »

Altaeros Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

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Altaeros Investors (17)

Investor Name Investor Type Holding Investor Since Participating Rounds
In-Q-Tel Not-For-Profit Venture Capital Minority
Unreasonable Impact Impact Investing Minority
Mirai Creation Capital Venture Capital Minority
Safar Partners Venture Capital Minority
Angel (individual) Minority
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Altaeros FAQs

  • When was Altaeros founded?

    Altaeros was founded in 2010.

  • Where is Altaeros headquartered?

    Altaeros is headquartered in Somerville, MA.

  • What is the size of Altaeros?

    Altaeros has 54 total employees.

  • What industry is Altaeros in?

    Altaeros’s primary industry is Telecommunications Service Providers.

  • Is Altaeros a private or public company?

    Altaeros is a Private company.

  • What is Altaeros’s current revenue?

    The current revenue for Altaeros is .

  • How much funding has Altaeros raised over time?

    Altaeros has raised $92.6M.

  • Who are Altaeros’s investors?

    In-Q-Tel, Unreasonable Impact, Mirai Creation Capital, Safar Partners, and are 5 of 17 investors who have invested in Altaeros.

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