Alteryx


Alteryx
Industry Computer software
Founded 2010 (2010)[1][2]
Founder Dean Stoecker
Olivia Duane Adams
Ned Harding[3]
Headquarters Irvine, California, U.S.
Area served
 Worldwide
Number of employees
 around 300 (2015)[4]
Website Alteryx.com

Alteryx is an American computer software company based out of Irvine, California,[1] with a development center in Broomfield, Colorado.[5][6] The company's products are used for data blending and advanced data analytics.[7][8] Alteryx has a stated goal of enabling advanced analytics to be performed by non-specialists.[7][9][10]

History

SRC LLC, the predecessor to Alteryx, was founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding.[3][1] SRC developed the first online data engine for delivering demographic-based mapping and reporting shortly after being founded.[11] In 1998, SRC released Allocate, a data engine incorporating geographically organized U.S. Census data[12] that allows users to manipulate, analyze and map data.[13] Solocast was developed in 1998, which was software that allowed customers to do customer segmentation analysis.[11]

In 2000, SRC LLC entered into a contract with the U.S. Census Bureau that resulted in a modified version of its Allocate software being included on CD-ROMs of Census Data sold by the Bureau.[13][14]

In 2006, the software product Alteryx was released, which was a unified spatial and non-spatial data environment for building analytical processes and applications.[11]

In 2010, SRC LLC changed its name to that of its core product, Alteryx.[1]

In 2011, Alteryx raised $6 million in venture funding from the Palo Alto investment arm of SAP AG, SAP Ventures.[3] In 2013, Alteryx raised $12 million from SAP Ventures and Toba Capital.[15][16] In 2014, the company raised $60 million in Round B funding[7][8] from Insight Venture Partners, SAP Ventures and Toba Capital, and announced plans for a 30% workforce expansion.[6]

In 2015, Iconiq Capital lead a $85 million investment in Alteryx, with Insight Venture Partners and Meritech Capital Partners also participating. Alteryx announced plans to use the new capital to expand internationally, invest in research and development, and increase its sales and marketing efforts.[17][18]

Alteryx announced in 2015 a new relationship with Microsoft in order to enable faster and easier data analysis through Power BI.[19]

In 2016, Alteryx was ranked #24 on the Forbes Cloud 100 list.[20]

Products

Alteryx currently offers two main products: Alteryx Designer and Alteryx Server. Alteryx also hosts a cloud-based website known as the Alteryx Analytics Gallery.[21][22][23]

References

  1. 1 2 3 4 Caacchia, Chris (6 October 2014). "Irvine Big Data Firm Raises $60M". Orange County Business Journal.
  2. ↑ "Company Overview of Alteryx, LLC". Business Week Research.
  3. 1 2 3 Brown, Steven (5 April 2011). "SAP Ventures invests $6M in Alteryx Inc.". San Francisco Business Times.
  4. ↑ "Alteryx Scores $85 Million As Growth Spurt Continues". TechCrunch. 3 Dec 2015.
  5. ↑ Wallace, Alicia (31 July 2015). "Data analytics firm Alteryx moves to larger space in Broomfield". Denver Post.
  6. 1 2 Lindenstein, Joshua (6 October 2014). "Alteryx Inc. nets $60 million in funding". BizWest.
  7. 1 2 3 Clancy, Heather (6 October 2014). "Another day, another $60 million analytics funding round". Fortune.
  8. 1 2 Wallace, Alicia (7 October 2014). "Boulder's Alteryx Inc. raises $60 million". Daily Camera.
  9. ↑ Taylor, Paul. "New IT tools aid evolution of finance chief's role". The Financial Times.
  10. ↑ Fogarty, Kevin (24 August 2012). "When Big Data Questions Can't Wait For Data Scientists". InformationWeek.
  11. 1 2 3 "SRC Corporate Overview" (PDF) (Press release). Retrieved 2014-10-16.
  12. ↑ "ExtendTheReach.Com / Products / SoloCast". Archived from the original on 8 February 2003.
  13. 1 2 Norman, Jan (17 July 2001). "Census deal for O.C. firm". The Orange County Register.
  14. ↑ "SRC organizing census data". Daily Camera. 5 July 2001.
  15. ↑ Casacchia, Chris (18 May 2013). "Toba in $12M Round for Big Data Analytics Firm". Orange County Business Journal.
  16. ↑ "Alteryx Raises $12M For Data Analytics Platform That Shapes Data Into Apps". TechCrunch.
  17. ↑ Picker, Leslie (2015-10-28). "Iconiq Capital Leads $85 Million Investment in Alteryx". The New York Times. ISSN 0362-4331. Retrieved 2015-10-28.
  18. ↑ Williams, Lauren (2015-10-28). "Data firm Alteryx secures $85M investment, could make "unicorn" list". Orange County Register.
  19. ↑ "Alteryx And Microsoft Corp. Join Forces To Accelerate Data Blending And Advanced Analytics For Business Analysts". Yahoo Finance. Retrieved 2016-10-04.
  20. ↑ "Forbes Cloud 100". Forbes. Retrieved 17 November 2016.
  21. ↑ Vance, Ashlee (9 November 2012). "You Too Can Be Nate Silver". Businessweek.
  22. ↑ "Alteryx Opens Big Data-Analytics Apps Studio For The Rest Of Us". TechCrunch.
  23. ↑ "Data Blending and Advanced Analytics". Alteryx.

External links

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