Altaeros Overview

  • Year Founded
  • 2010

Year Founded

  • Status
  • Private

  • Employees
  • 50

Employees

  • Latest Deal Type
  • Series C

  • Latest Deal Amount
  • $8.46M

  • Investors
  • 16

Altaeros General Information

Description

Developer of an airborne wind turbine designed to deliver advanced technology of infrastructure to rural and isolated communities. 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

Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Telecommunications Service Providers
Corporate Office
  • 561 Windsor Street
  • Suite B404
  • Somerville, MA 02143
  • United States
+1 (617) 000-0000

Altaeros Timeline

2021202220232024
Financing RoundCaptured Employee CountEstimated Employee Growth

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Altaeros Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
9. Later Stage VC (Series C) 28-Mar-2024 $8.46M 000.00 Completed Generating Revenue
8. Later Stage VC 25-Jul-2022 000.00 000.00 Completed Generating Revenue
7. Later Stage VC (Series B1) 01-Oct-2021 000.00 000.00 00000 Completed Generating Revenue
6. Later Stage VC (Series B1) 14-Nov-2018 00.000 000.00 000.00 Completed Generating Revenue
5. Accelerator/Incubator 0000 Completed Generating Revenue
4. Later Stage VC (Series A) 08-Aug-2017 0000 0000 0000 Completed Generating Revenue
3. Grant 01-Jan-2017 00000 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 0,000,000 00.000000 00.00 00.00 00 00.00 00.000
Series B1-A 00,000,000 00.000000 00.0 00.0 00 00.0 00.000
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 »

Altaeros Patents

Altaeros Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20200057455-A1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016 00000000
US-11429116-B2 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016 00000000 00
EP-3529144-A1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016 000000000
EP-3529144-B1 Systems and methods for automated, lighter-than-air airborne platform Active 18-Oct-2016 00000000
US-20220413516-A1 Systems and methods for an automated, lighter-than-air airborne platform Pending 18-Oct-2016 B64B1/50 00
To view Altaeros’s complete patent history, request access »

Altaeros Executive Team (10)

Name Title Board Seat Contact Info
Benjamin Glass Co-Founder, Chief Executive Officer, Chief Technology Officer, President & Board Member
Jeff Lloyd-Jones President & Board Member
Ike Okonkwo Chief Financial Officer
Joseph Ryan Vice President of Business Development & General Counsel
Stephen Brackett Board Member & Member of Finance and Compensation Committees
You’re viewing 5 of 10 executive team members. Get the full list »

Altaeros Board Members (8)

Name Representing Role Since
Adam Rein Self Co-Founder & Chairman 000 0000
Arunas Chesonis Self Board Member 000 0000
Gerard Salemme Self Board Member 000 0000
Jeff Lloyd-Jones Altaeros President & Board Member 000 0000
Mauricio Quintana Self Board Member 000 0000
You’re viewing 5 of 8 board members. Get the full list »

Altaeros Signals

Growth Rate

0.80% Weekly
Growth
Weekly Growth 0.80%, 93rd %
-35.5%. 530%

Size Multiple

219x Median
Size Multiple 219x, 100th %ile
0.00x 0.95x. 413Kx

Key Data Points

Twitter Followers

5.5k

Similarweb Unique Visitors

15.0K

Majestic Referring Domains

314

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Altaeros Investors (16)

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info
JHH vc Family Office Minority 000 0000 000000 0
Unreasonable Group Accelerator/Incubator 000 0000 000000 0
Mirai Creation Capital Venture Capital Minority 000 0000 000000 0
Safar Partners Venture Capital Minority 000 0000 000000 0
Chris Varrone Angel (individual) Minority 000 0000 000000 0
You’re viewing 5 of 16 investors. Get the full list »

Altaeros FAQs

  • When was Altaeros founded?

    Altaeros was founded in 2010.

  • Who is the founder of Altaeros?

    Benjamin Glass and Adam Rein are the founders of Altaeros.

  • Who is the CEO of Altaeros?

    Benjamin Glass is the CEO of Altaeros.

  • Where is Altaeros headquartered?

    Altaeros is headquartered in Somerville, MA.

  • What is the size of Altaeros?

    Altaeros has 50 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 00000.

  • How much funding has Altaeros raised over time?

    Altaeros has raised $88.3M.

  • Who are Altaeros’s investors?

    JHH vc, Unreasonable Group, Mirai Creation Capital, Safar Partners, and Chris Varrone are 5 of 16 investors who have invested in Altaeros.

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