Founded in 2005, Altair employs 190 employees in its Hod Hasharon, Israel headquarters and R&D center, and has regional offices in the United States, Japan, China, India, Finland, and France.

[5] Altair was founded in May 2005 by former Texas Instruments executives Oded Melamed, Yigal Bitran, and Eran Eshed, with extensive broadband and wireless silicon experience.

Altair's management and technology executives were among the founding team of Libit Signal Processing, a fabless chip company acquired by Texas Instruments in 1999 for $365 million.

According to the Global Mobile Suppliers Association (GSA), 338 telecoms operators in 101 countries have committed to commercial LTE network deployments or are engaged in trials, technology testing or studies.

[10] In addition to connecting the consumer device market, LTE has the potential to push forward the vision of the Internet of Things (IoT).

[26] In 2012, Altair was selected as a finalist for the Red Herring Top 100 Europe award, a prestigious list honoring the year's most promising private technology ventures from the European business region.