Alteryx is a leading AI and data analytics company that develops a low-code/no-code platform enabling users to prepare, blend, analyze, and visualize data through drag-and-drop workflows, empowering non-technical employees to derive actionable insights without coding.[6][4][8] It serves businesses, analysts, and organizations across industries by solving the problem of complex data processing, turning raw data into intelligent information for faster, smarter decisions and enhanced productivity.[1][5][6] With strong growth momentum—including acquisitions like Trifacta for $400 million in 2022, a public listing in 2017, peak revenue of $855 million, and a $4.4 billion acquisition by Clearlake Capital Group and Insight Partners in December 2023—Alteryx has scaled to employ around 2,900 people while expanding its cloud-based analytics offerings.[2][4][7]
Alteryx traces its roots to 1997, when SRC LLC was founded in Irvine, California, by Dean Stoecker, Olivia Duane Adams, and Ned Harding to build spatial analytics tools, starting with an online data engine for demographic mapping and reporting.[1][3][4] Early products like Allocate (1998) for Census data analysis and Solocast for customer segmentation gained traction, including a key 2000 contract with the U.S. Census Bureau to bundle modified Allocate software with Census CDs.[3][4] In 2006, SRC released the Alteryx software—a unified platform for spatial and non-spatial analytics—and rebranded to Alteryx in 2010.[1][2][3] Pivotal moments included $6 million in funding from SAP Ventures in 2011, an $85 million round led by ICONIQ in 2015, a 2017 NYSE IPO, and aggressive acquisitions like Semanta and Yhat (2017), Feature Labs (2019), Lore IO and Hyper Anna (2021), and Trifacta (2022).[1][3][4]
Alteryx rides the democratization of analytics trend, where AI, low-code tools, and cloud computing make data insights accessible beyond data scientists amid exploding data volumes from IoT, AI, and business ops.[6][7][8] Timing is ideal post-2020s data boom, as market forces like remote work, real-time decision needs, and AI adoption favor platforms bridging IT and business users—Alteryx's growth from spatial niche to full AI platform positions it against Tableau, Power BI, and Databricks.[4][2] It influences the ecosystem by fostering a citizen data analyst culture, upskilling via education programs, and enabling "Intelligent Enterprises" through partnerships, while its 2023 private equity buyout signals maturation in a consolidating analytics market.[6][7]
Under Clearlake and Insight Partners—firms with tech expertise and $75B+ AUM—Alteryx will likely accelerate cloud migration, AI enhancements, and global expansion, leveraging O.P.S.® operational improvements for efficiency gains.[7] Trends like generative AI integration, edge analytics, and multimodal data will shape its path, potentially evolving it into a full-stack AI workflow leader amid competition. As analytics permeates every role, Alteryx's mission to "power analytics for all" positions it to drive even broader business transformation, building on its journey from Census mapping to enterprise AI powerhouse.[6][1]
Alteryx has raised $78.0M in total across 2 funding rounds.
Alteryx's investors include Accel, Acequia Capital, Citi Ventures, Zachary Bogue, First Round Capital, Gideon Yu, Goat Capital, Khosla Ventures, Kima Ventures, Mango Capital, Glenn Solomon, Samsung NEXT Ventures.
Alteryx has raised $78.0M across 2 funding rounds. Most recently, it raised $60.0M Series B in October 2014.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Oct 1, 2014 | $60.0M Series B | Accel, Acequia Capital, Citi Ventures, Zachary Bogue, First Round Capital, Gideon Yu, Goat Capital, Khosla Ventures, Kima Ventures, Mango Capital, Glenn Solomon, Samsung NEXT Ventures, Sapphire Ventures, Sequoia Capital, SLVC, SV Angel, Tribe Capital, True Ventures, Biz Stone, Dennis Crowley, Esther Dyson, Jim Pitkow, Joshua Schachter, Marissa Mayer, Megan Quinn, Richard Branson | |
| May 1, 2013 | $18.0M Series A | Accel, Acequia Capital, Citi Ventures, Zachary Bogue, First Round Capital, Gideon Yu, Goat Capital, Khosla Ventures, Kima Ventures, Mango Capital, Glenn Solomon, Samsung NEXT Ventures, Sapphire Ventures, Sequoia Capital, SLVC, SV Angel, Tribe Capital, True Ventures, Biz Stone, Dennis Crowley, Esther Dyson, Jim Pitkow, Joshua Schachter, Marissa Mayer, Megan Quinn, Richard Branson |
