Alteryx Gets $12m for Analytics Expansion

US big data specialist Alteryx has raised $12m in financing, which it plans to use to expand internationally with investment in its sales, marketing and product.

Alteryx has developed an analytics platform through which organizations can combine new sources of big data with market knowledge, location insight and existing business intelligence; perform predictive and spatial analytics; and produce analytic apps that can be shared via the private cloud or the firm's Analytics Gallery public cloud.

Dean Stoecker (pictured), Chairman and CEO, comments: 'Alteryx puts affordable, powerful big data analysis tools in the hands of analysts, and our solutions facilitate complex tasks and the ability to obtain insights from diverse data sets that were once thought impossible to achieve.'

The firm's latest financing comes from Toba Capital (recently formed by Vinny Smith, former CEO and founder of Quest Software) and existing investor SAP Ventures.

Web site: www.alteryx.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.