Altaeros logo — Altaeros Autonomous Aerostats Deliver The Highest Mission Av...

Altaeros

Altaeros Autonomous Aerostats Deliver The Highest Mission Availability In The Skies

Founded 2010 United States Somerville, United States 56 employees Venture round Total: $50.71M Energy, Renewable Energy +1

General Information

Company Name Altaeros
Founded Year 2010
Location United States Somerville, United States
Founders / Decision Makers
Team member
Employees 56
Industries Energy, Renewable Energy, Clean Energy
Funding Stage Venture round
Social

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About Altaeros

Altaeros is a pioneering startup in the energy, renewable energy, and clean energy industries. Founded in 2010, the company's mission to create the world’s first autonomous aerostat led to the development of its flagship product, the Autonomous Aerostats. These innovative solutions have garnered significant attention and support, culminating in a recent $34.82M Venture Round investment on 25 July 2022. This substantial investment signifies a strong vote of confidence in Altaeros' technology and market potential.

One of Altaeros' key achievements was the launch of its first autonomous aerostat in 2019, followed by successful deployments in the US and other global locations through collaboration with various partners. Central to the success of these Autonomous Aerostats is the groundbreaking Aerostat Autopilot™, which serves as the world's first autonomous control system for tethered aerostats. This technological breakthrough has positioned Altaeros as a frontrunner in advancing autonomous aerial solutions for a variety of applications within the energy sector and beyond.

As the company continues to push the boundaries of aerial technology and expand its global footprint, the recent investment is poised to fuel Altaeros' growth and further solidify its position as an industry leader. With a strong foundation and a clear vision for the future, Altaeros is on track to deliver the highest mission availability in the skies, exemplifying the potential for impactful innovation in the realm of autonomous aerostats and clean energy solutions.

For more information, visit www.altaeros.com.

Business keywords: Autonomous Aerostats, Airborne Wind Turbines, Aerospace Technology, Wind Turbine Technology, Energy Innovation, Renewable Energy Resources, Agricultural, Emergency Response, Disaster Relief, Military Applications, Offshore Power, Funding, MIT Spinout, Somerville, Massachusetts

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Venture Round $34.82M -
25 Jul 2022
Venture Round Undisclosed 1
J. Hunt Holdings
05 Nov 2021
Venture Round $7.50M 3
SoftBank Capital, RNT Associates +1
08 Aug 2017
Venture Round $7.00M 1
SoftBank Capital
05 Dec 2014
Grant $1.24M 1
National Science Foundation
04 Sep 2014
Grant $155.00K 1
National Science Foundation
13 Nov 2012
Grant Undisclosed 1
MassChallenge
01 Nov 2011
Grant Undisclosed 1
MassChallenge
01 Nov 2010
Non Equity Assistance Undisclosed 1
MIT Venture Mentoring Service (MIT VMS)
01 Jan 2010

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FAQ About Altaeros

Altaeros Autonomous Aerostats Deliver The Highest Mission Availability In The Skies
Altaeros was founded in 2010.
Altaeros is headquartered in Somerville, United States.
Altaeros operates in Energy, Renewable Energy and Clean Energy. Its work centres on Autonomous Aerostats, Airborne Wind Turbines, Aerospace Technology and Wind Turbine Technology.
Altaeros has approximately 56 employees.
Altaeros has completed 9 funding rounds, raising a total of $50.71M. The latest funding stage is Venture round.
Top alternatives and competitors to Altaeros include SeaTwirl AB, Senvion, Albatross Technology Inc, Keystone Tower Systems, ArborWind. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Altaeros and SeaTwirl AB are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Altaeros, https://bouncewatch.com/company/altaeros, updated 30 November 2024. When citing, please name BounceWatch and link this page.

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