Industry Computer software Number of employees around 300 (2015) CEO Dean Stoecker (Mar 2010–) Headquarters Irvine | Area served Worldwide Website Alteryx.com Founded 2010 | |
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Founder Dean Stoecker
Olivia Duane Adams
Ned Harding Profiles | ||
Business intelligence current market trends 2015 tableau alteryx top
Alteryx is an American computer software company based out of Irvine, California, with a development center in Broomfield, Colorado. The company's products are used for data blending and advanced data analytics. Alteryx has a stated goal of enabling advanced analytics to be performed by non-specialists.
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History
SRC LLC, the predecessor to Alteryx, was founded in 1997 by Dean Stoecker, Olivia Duane Adams and Ned Harding. SRC developed the first online data engine for delivering demographic-based mapping and reporting shortly after being founded. In 1998, SRC released Allocate, a data engine incorporating geographically organized U.S. Census data that allows users to manipulate, analyze and map data. Solocast was developed in 1998, which was software that allowed customers to do customer segmentation analysis.
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.
In 2006, the software product Alteryx was released, which was a unified spatial and non-spatial data environment for building analytical processes and applications.
In 2010, SRC LLC changed its name to that of its core product, Alteryx.
In 2011, Alteryx raised $6 million in venture funding from the Palo Alto investment arm of SAP AG, SAP Ventures. In 2013, Alteryx raised $12 million from SAP Ventures and Toba Capital. In 2014, the company raised $60 million in Round B funding from Insight Venture Partners, SAP Ventures and Toba Capital, and announced plans for a 30% workforce expansion.
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.
Alteryx announced in 2015 a new relationship with Microsoft in order to enable faster and easier data analysis through Power BI.
In 2016, Alteryx was ranked #24 on the Forbes Cloud 100 list.
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.