Alteryx, Inc., an Irvine, CA-based provider of a data analytics platform, raised $60m in funding.
The round was led by Insight Venture Partners with participation from existing investors SAP Ventures and Toba Capital. In conjunction with the funding, Jeff Horing, managing partner at Insight Venture Partners, will join Insight Venture Partners on Alteryx’ board of directors.
The company intends to use the funds to expand its sales efforts broaden its partner channel, and continue innovating its platform.
Led by Dean Stoecker, Chairman and Chief Executive Officer, Alteryx provides data analysts in marketing, sales, customer service and finance roles with analytics software that blends internal, third party, and cloud data, and then analyze it using spatial and predictive drag-and-drop tools.
The company has more than 600 customers across a broad range of industries and in over 20 countries. Customers vary in size from large enterprise accounts to mid-market organizations to innovative customers, including Verizon, Boston Consulting Group, Ingersoll Rand, and Sudhoff Properties.
It opened its first overseas office in London in April of 2014.
FinSMEs
06/10/2014