Altair Semiconductor Completes Spinoff from Sony, Secures $50 Million Funding Led by Pitango for 5G IoT and Physical AI

Altair Semiconductor announced the successful completion of its transition to an independent company following a strategic spinoff from Sony Semiconductor Solutions Corporation. The transaction, led by Pitango Group, secured $50 million in initial funding. Sony will remain a shareholder.

The transition will enable Altair to operate with greater agility and focus on IoT and Physical AI while maintaining technological superiority and customer commitments. Altair’s chipsets power the largest share of the world’s cellular smart meters and lead the LTE-M market in smart cities, energy grids, logistics, vehicle asset trackers, and sports wearables. Altair’s technology connects machines and robots to the cloud and to each other globally, as well as AI-powered wearables and next-generation consumer devices that require ultra-low power and continuous connectivity.

“This is an exciting new chapter for Altair,” said Nohik Semel, CEO of Altair Semiconductor. “As an independent company, we can move faster and respond more flexibly to rapidly changing market dynamics. We are fully committed to leading the industry’s transition from 4G to 5G IoT.”

Altair recently outlined its vision for 5G eRedCap as the foundation for next-generation IoT, with the ALT1550 modem currently in advanced silicon testing. The company’s r...