Alteryx Buys Feature Labs

Alteryx, Inc. (NYSE: AYX), an Irvine, Calif.-based business data science and analytics platform provider, acquired Feature Labs, a data science software company launched out of Massachusetts Institute of Technology (MIT) that automates feature engineering for machine learning and artificial intelligence (AI) applications.

The amount of the deal was not disclosed.

This acquisition will further enable Alteryx to allow organizations to empower every data worker to fill the data science and machine learning talent gap.

Feature Labs’ feature engineering capabilities, combined with the Alteryx Platform, creates an environment that further accelerates time-to-insight and time-to-value for analysts and data scientists alike.

Co-founded by Max Kanter and Kalyan Veeramachaneni as part of their research at MIT’s Computer Science and AI Lab, Feature Labs provides data scientists around the world with open-source libraries with over 350,000 downloads, providing automated feature engineering across nearly every domain.

Led by Dean Stoecker, co-founder and CEO, Alteryx offers an end-to-end analytics platform that allows data analysts and scientists to deliver insights and experience across their organizations all over the world.

The company now plans to continue to support the open-source community to address the exponential demand in machine learning.

FinSMEs

04/10/2019