# Altair Semiconductor

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/altair-semiconductor

- Industry: Semiconductors
- Headquarters: Hod Hasharon, Israel
- Website: www.altair-semi.com/
- Total disclosed funding: $99M
- Latest round: Series E (Jul 1, 2013)
- Investors on record: 6

## About

Altair Semiconductor, now known as Sony Semiconductor Israel Ltd., specializes in developing and manufacturing cellular IoT chipsets designed for industrial and consumer applications, focusing on connectivity and energy efficiency. Founded in 2005, Altair Semiconductor is headquartered in Hod HaSharon, Israel. The company specializes in developing cellular IoT chipsets. In April 2026, Altair Semiconductor raised USD 50 million in venture funding led by Pitango. The current CEO is Nohik Semel. Sony Semiconductor Israel Ltd. specializes in cellular IoT chipsets, including LTE CAT-M and NB-IoT chipsets, such as the ALT1250, which features dual-mode capability and 2G fallback. Their products emphasize ultra-low power consumption and security, targeting applications like smart meters, wearables, vehicle telematics, and asset tracking solutions, serving a global clientele across North America, Europe, and Asia-Pacific. The revenue model for Sony Semiconductor Israel Ltd. involves B2B transactions where LTE CAT-M and NB-IoT chipsets are sold directly to manufacturers and technology partners. These partnerships often include long-term agreements for bulk orders, facilitating integration into various IoT devices, particularly for key products like the ALT1250.As part of its future growth strategy, Sony Semiconductor Israel Ltd. plans to leverage the resources from its acquisition by Sony to enhance its product offerings and expand into new markets. The company will use the April 2026 funding to strengthen its leadership in IoT connectivity and accelerate the transition from 4G to 5G eRedCap for low-power devices.

## Funding rounds

- Series E, Jul 1, 2013, $25M — BRM Group, Jerusalem Venture Partners, Giza Venture Capital, American Pacific Technology Group, Bessemer Venture Partners
- Series D, Apr 11, 2011, $26M — BRM Group, Jerusalem Venture Partners, Giza Venture Capital, Bessemer Venture Partners
- Series C, Sep 24, 2008, $22M — BRM Group, Jerusalem Venture Partners, Bessemer Venture Partners, ETV Capital
- Series B, Jun 12, 2007, $18M — BRM Group, Jerusalem Venture Partners, Giza Venture Capital, Bessemer Venture Partners
- Series A, Dec 8, 2005, $8M — BRM Group, Jerusalem Venture Partners, Giza Venture Capital

## Investors

- BRM Group (https://capitalatlas.ai/funds/brm-group) — Series A, Series B, Series C, Series D, Series E
- Jerusalem Venture Partners (https://capitalatlas.ai/funds/jerusalem-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Giza Venture Capital (https://capitalatlas.ai/funds/giza-venture-capital) — Series A, Series B, Series D, Series E
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B, Series C, Series D, Series E
- ETV Capital (https://capitalatlas.ai/funds/etv-capital) — Series C
- American Pacific Technology Group — Series E