Altera

San Jose, CA Semiconductors Acquired

Altera Corporation is a leading global supplier of programmable logic devices (FPGAs) and system-on-chip solutions. Founded in 1983 and headquartered in San Jose, California, Altera designs and manufactures field-programmable gate arrays, CPLDs, and related development tools. The company's broad portfolio includes the Agilex, Stratix, Arria, Cyclone, and MAX FPGA families serving markets including data centers, communications, industrial automation, aerospace, defense, automotive, and edge AI. Altera became an independent company when Silver Lake acquired a 51% stake from Intel in September 2025, establishing it as the world's largest pure-play FPGA semiconductor solutions provider.

Acquired

Altera has been acquired

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

1983

Employees

1,500–1,700

Total Funding

$31M

2 rounds

Funding

Total raised $31M across 2 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series B

Date

January 21, 2025

Amount

$31M

Valuation

Lead Investors

Not disclosed
DateRoundAmount RaisedValuationLead Investors
January 21, 2025 Series B $31M Not disclosed
April 11, 2024 Series A Not disclosed First Spark Ventures

Leadership

  • Raghib Hussain

    Chief Executive Officer

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