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 Logo since 2014 | |
| Formerly |
|
|---|---|
| Company type | |
| NYSE: AYX (2017–2024) | |
| Industry | Computer software |
| Founded | March 1997; 28 years ago (1997-03) (as SRC, LLC) |
| Founders |
|
| Headquarters | Irvine, California,United States |
Area served | Worldwide |
Key people |
|
| Revenue |  US$970 million (2023) |
 US$−165 million (2023) | |
| US$−179 million (2023) | |
| Total assets | US$1.91 billion (2023) |
| Total equity | US$190 million (2023) |
| Owner |
|
Number of employees | 2,300 (2023) |
| Website | alteryx |
| Footnotes / references [1] | |
Alteryx, Inc. is an Americancomputer software company based inIrvine, California,[1] with offices worldwide. The company's products are used fordata science andanalytics.[2][3]
SRC LLC, the predecessor to Alteryx, was founded in 1997 byDean Stoecker, Olivia Duane Adams and Ned Harding.[4] In 1998, SRC released Allocate, a data engine incorporating geographically organizedU.S. Census data[5] that allows users to manipulate, analyze and map data.[6] Solocast was developed in 1998, which was software that allowed customers to do customer segmentation analysis.[7]
In 2000, SRC LLC entered into a contract with theU.S. Census Bureau that resulted in a modified version of its Allocate software being included onCD-ROMs ofCensus Data sold by theBureau.[6][8]
In 2006, the software product Alteryx was released, which was a unified spatial and non-spatial data environment for building analytical processes and applications.[7]
In 2010, SRC LLC changed its name to that of its core product, Alteryx.[9]
In 2011, Alteryx raised $6 million in venture funding from thePalo Alto investment arm ofSAP AG, SAP Ventures.[4] In 2013, Alteryx raised $12 million from SAP Ventures and Toba Capital.[10][11] In 2014, the company raised $60 million in Round B funding[2][3] fromInsight Venture Partners,Sapphire Ventures (formerly SAP Ventures) and Toba Capital, and announced plans for a 30% workforce expansion.[12]
In 2015,ICONIQ Capital led an $85 million investment in Alteryx, withInsight Venture Partners andMeritech Capital Partners also participating.[13] Alteryx announced plans to use the new capital to expand internationally, invest in research and development, and increase its sales and marketing efforts.[14][15]
On March 24, 2017, Alteryx went public in anIPO listed on theNYSE.[16] In October, it was discovered that Alteryx was subject to a data breach of partially anonymized data records for approximately 120 million U.S. households.[17]
In October 2020, Alteryx announced Mark Anderson asCEO, with Stoecker becoming Executive Chairman of theBoard of Directors.[18]
In December 2023, it was announced that twoprivate equity firms,Clearlake Capital andInsight Partners, would acquire the company in a US$4.4 billion deal, intending to make it private until the beginning of the following year.[19][20][21] On March 19, 2024, the transaction was completed.[22]
In January 2017, Alteryx acquired Prague-based software company Semanta. Alteryx Connect is an outgrowth of the Semanta acquisition.[23]
In June 2017, Alteryx acquired data science startup Yhat[better source needed] to enhance their capabilities for managing and deploying advanced analytic models ultimately resulting in Alteryx Promote.[better source needed] Alteryx paid $10.8 million in cash and equity.[better source needed] Yhat had raised $2.6 million before the acquisition.
In February 2018, Alteryx acquired Alteryx ANZ, a distributor of altered software based inSydney, Australia[better source needed]
In April 2019, Alteryx acquired ClearStory Data for $19.6 million in cash.[24]
In October 2019, Alteryx acquired Feature Labs, a machine learning startup founded by 2 MIT researchers[better source needed] for $25.2 million in cash with an additional $12.5 million in equity incentive awards.[better source needed] Feature Labs is known for developing Featuretools, an open source library for automatedfeature engineering with over 350,000 downloads at the time of acquisition. The acquisition added an engineering hub for Alteryx inBoston, Massachusetts.[25]
In October 2021, Alteryx acquired Lore IO, a no-codeAI-enabled data modeling platform.[26] That same month, Alteryx acquired Hyper Anna, a cloud platform for generating AI-driven automated insights from data.[27]
In January 2022, Alteryx acquiredTrifacta for $400 million in cash, with the deal closing the following month.[28] In March 2022, Alteryx announced its Analytics Cloud Platform, which it updated to integrate Designer Cloud powered by Trifacta.[29]
During the October 2017 data breach mentioned above, although no names were attached, telephone numbers and physical addresses were among the 248 fields per household involved in the breach. Also included was "consumer demographics, life event, direct response, property, and mortgage information for more than 235 million consumers" according to the company.[30] Alteryx assembled information fromExperian and public sources like theU.S. Census Bureau to create their product which sold for $39,000 per license. Alteryx's hosting onAmazon Web Services had been unsecured (its sources had no breach).[31]
