Altair's Leading Computational Intelligence Technology Drives NYYC American Magic Team's Quest to Win the 37th America's Cup

Altair's technology expedited and simplified the American Magic engineering team's development process to ensure they can iterate and discover new design insights faster than ever – a pivotal capability to have in a race where cutting-edge yachts can reach speeds of more than 55 mph and appear to "fly" out of the water. Altair's unique blend of technological and domain expertise was a pivotal part of the American Magic team's development, enabling them to build a yacht capable of winning on the world's biggest stage.

"Our work with American Magic demonstrates the power of Altair's convergence and computational intelligence vision on a global stage like no other," said Jim Scapa, founder and chief executive officer, Altair. "They are a world-class organization that is always looking to find new ways to innovate and succeed – just as Altair is. This is truly a collaboration between two organizations who share the same values, vision, and desire to excel. We are delighted that the American Magic team turned to us in their search for the market's finest computational intelligence technology, and I cannot wait to see their hard work in action."

"We are thankful to have had Altair's technology and support propel our journey to win the 37^th America's Cup," said Mike Cazer, chief executive officer, NYYC American Magic. "Altair's best-in-class technology was crucial in helping us design a yacht that enhances the team's capability to win the America's Cup in October. Altair has been an instrumental partner, and we are looking forward to seeing our teams' hard work out on the water."

The 37^th America's Cup begins in Barcelona, Spain on August 22 with the Preliminary Regatta, followed by the Challenger Series. The 37^th America's Cup Match will take place October 12-21 in a best-of-thirteen series.

To learn more about how American Magic is leveraging Altair's technology, visit https://altair.com/american-magic for videos, articles, and case studies. To learn more about the NYYC American Magic team, visit https://americanmagic.americascup.com/.

About Altair

Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.

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