NEWS21 May 2013

Alteryx gets $12m to fund expansion

Financials North America

US — Strategic analytics provider Alteryx has raised $12m in financing from Toba Capital and existing investor SAP Ventures.

The company said the financing would be used to support accelerated growth through added sales, marketing and product investment along with international expansion.

Chairman and CEO at Alteryx Dean Stoecker said: “Alteryx is enabling our customers to humanise big data and answer the critical business questions that can accelerate their growth. But to find these answers, business analysts need better tools than spreadsheets and other technologies created years ago.”