What is Altaeros?
Altaeros specializes in the creation of autonomous aerostats, pioneering the world's first self-piloting aerostat systems. Since its inception, the company has successfully deployed its technology in the United States and internationally, collaborating with various partners. The core of its offering is the Aerostat Autopilot, an advanced autonomous control system designed specifically for tethered aerostats, enabling enhanced operational capabilities and broader application in areas such as telecommunications, surveillance, and disaster response.
How much funding has Altaeros raised?
Altaeros has raised a total of $14.7M across 2 funding rounds:
Series A
$7.2M
Private Equity
$7.5M
Series A (2014): $7.2M with participation from SoftBank Corp
Private Equity (2017): $7.5M led by SoftBank Corp
Key Investors in Altaeros
SoftBank Corp
SoftBank Group Corp. is a global technology holding company driving innovation across telecommunications, internet services, artificial intelligence, smart robotics, IoT, and clean energy technologies. Through its diverse portfolio of companies and strategic investments, including leading semiconductor IP providers, SoftBank Group supports the development and scaling of transformative technologies worldwide.
What's next for Altaeros?
With a substantial enterprise-level funding injection and a recent strategic investment, Altaeros is well-positioned for accelerated growth and market expansion. The company's focus on autonomous aerostat technology, coupled with its established deployments, suggests a strategic push towards scaling operations and enhancing its technological capabilities. Future endeavors will likely involve further refinement of its Aerostat Autopilot system, forging new strategic partnerships, and exploring new market verticals where persistent, autonomous aerial platforms can provide unique value. This significant backing signals a strong belief in Altaeros's vision to revolutionize aerial data and communication solutions.
See full Altaeros company page
