) Morphogenesis is “generative design” technology-technology that mimics’s nature’s evolutionary design processes.Īltair took an early lead in this type of generative design software, which works to find structurally efficient forms for all kinds of industrial parts and products by eliminating unnecessary material. (see: Architosh, “In-Depth: solidThinking Inspire 8.0 with morphogenesis,”. Altair’s Innovations-Generative Design A Big OneĪltair’s early morphosis technology came together in solidThinking Inspire, a software tool Architosh has reviewed and written about extensively. Now the company is putting many of its key technologies-some of which descend from NASA-into the cloud, like solidThinking Inspire Unlimited, which is currently in beta. MORE: solidThinking Brings Generative Design to the Cloudīesides owning solidThinking, Inc., and its namesake family of 3D design software, the company has touted its Mac support on some of its flagship Altair Engineering software such as HyperWorks. Altair Engineering and its family of products and companies compete with companies like Autodesk, Dassault Systèmes, Siemens and others in the engineering and design markets. Like the Nemetschek group of companies, Altair Engineering owns subsidiaries and is also a solid supporter of Apple’s computing platforms in the engineering and design markets. The company, critically, is taking its “morphogenesis” technology-based product design tool, solidThinking Inspire, into the cloud where it can reach a wider audience on more platforms.
However, its revenue is similar to Germany’s Nemetschek SE, the parent company AEC industry design and CAD software leaders like Bluebeam, Graphisoft, and Vectorworks all belong to.Īt over $313 million in revenues last year with over 2,000 employees, Altair Engineering is a significant engineering software company with a positive impact on product development and engineering segments. Altair is Big and Important on Many LevelsĪltair Engineering is a software technology company many have never heard of before. Importantly, while the IPO proceeds will help pay down debt the company has made small acquisitions in the past and will be open to further acquisitions. By the close of the bell, the share price was $18.31. With its IPO share price poised at $13 a share, the company instantly gained millions it intends to use to pay down debt, while shareholders saw 41% rise in their share price on just the first day alone.
SolidThinking”s parent company Altair Engineering has gone public raising $156 million on its opening day this past Wednesday, 1 November 2017.
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