Altair Semiconductor

Company Overview

Snapshot

Founded in January 2005 by Yigal Bitran, Eran Eshed, and Oded Melamed, Altair Semiconductor has 51–200 employees. The company has raised $174 million across 7 funding rounds from 9 investors. In April 2026, Altair Semiconductor completed a spinout from.

Business overview

Altair Semiconductor develops cellular IoT chipsets designed to provide low-power, secure connectivity for a wide range of connected devices, including smart utility meters, asset trackers, wearables, vehicle telematics, smart-city infrastructure, home appliances, and industrial IoT systems. Its core technology includes LTE Cat-M and NB-IoT platforms, such as the ALT1250 and ALT1350, which integrate modem, RF, security, iSIM, and low-power processing capabilities. The company serves markets requiring cellular connectivity solutions with reduced power consumption and smaller hardware footprints, operating within the Industrial Technologies sector, specifically in Microelectronics & Photonics Solutions.

Strategic signal

The spinout of Altair Semiconductor from Sony Semiconductor Solutions in April 2026, accompanied by new funding, signals a strategic re-focus and renewed independence for the company. This move allows Altair to operate as a standalone entity, potentially accelerating its innovation and market penetration in the cellular IoT chipset space, and indicates a strong investor belief in its future growth trajectory outside of a large corporate structure.

Company Intelligence Q&A

What was the most recent significant corporate event for Altair Semiconductor?

In April 2026, Altair Semiconductor completed a spinout from Sony Semiconductor Solutions, returning to operate under its original name. Sony retained a minority stake in the company.

Which investors participated in Altair Semiconductor's latest funding round?

In April 2026, Altair Semiconductor secured initial funding for its spinout, with Pitango Growth leading the round.

When did Altair Semiconductor open an IoT innovation R&D center in Finland?

In November 2016, Altair Semiconductor opened an IoT Innovation R&D Center in Finland.

When did Altair Semiconductor change its name to Sony Semiconductor Israel?

In July 2020, Altair Semiconductor changed its name to Sony Semiconductor Israel, following its acquisition by Sony in 2016.

Who was appointed as the new CEO of Altair Semiconductor?

Nohik Semel took over as CEO of Altair Semiconductor in November 2019.