IRVINE, Calif., May 18, 2021 /PRNewswire/ -- Alteryx, Inc. (NYSE:
AYX), the analytics automation company, today announces the
formation of Alteryx Ventures, a $50
million fund that will invest in companies with innovative
technology and services that complement and expand Alteryx's
analytics and data science products and further its analytics
process automation (APA) platform. Alteryx's vision centers on
enabling every person to achieve breakthrough outcomes from data
through analytics automation, data science and unprecedented
ease-of-use.
"I'm thrilled to announce Alteryx Ventures, our first strategic
venture fund as a company. Our goal is to foster and accelerate
innovation by investing in companies creating unique technology
that advance all aspects of analytics and data science automation
and help make it easy for everyone to access and democratize data,"
said Mark Anderson, chief executive
officer of Alteryx. "We believe Alteryx Ventures will help bring
value to our customers and expose them to new possibilities with
the Alteryx platform."
In addition to investing in innovative companies, the fund seeks
companies that build complementary solutions to extend the Alteryx
APA Platform. Qualifying companies will receive additional support,
services and go-to-market benefits. Several companies have already
built successful business-to-business (B2B) applications and
businesses on the Alteryx platform. Examples include companies that
have delivered ground-breaking B2B solutions in marketing
analytics, personal finance, tax and audit, supply-chain,
healthcare applications and more.
Alteryx Ventures launches this week as the company begins its
largest ever Global Inspire Conference, opening May 18. The three-day virtual event will feature
new products and innovations in analytics and data science, and
more than 80 customer speakers, strategic alliance partners and
industry luminaries. More than 10,000 customers from over 100
countries are participating in the event.
For more information on Alteryx Ventures, contact
AlteryxVentures@alteryx.com.
About Alteryx
Alteryx, the analytics automation company, is focused on enabling
every person to transform data into a breakthrough. Alteryx unifies
analytics, data science and business process automation in one,
end-to-end platform to accelerate digital transformation and shape
the future of analytic process automation (APA™). Organizations of
all sizes, all over the world, rely on Alteryx to deliver
high-impact business outcomes and the rapid upskilling of their
modern workforce. For more information visit www.alteryx.com.
Alteryx is a registered trademark of Alteryx, Inc. All other
product and brand names may be trademarks or registered trademarks
of their respective owners.
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SOURCE Alteryx, Inc.