Alteryx Launches $50m Investment Fund

In the US, analytics automation firm Alteryx has launched a $50m investment vehicle, which will be used to invest in companies with technology and services that complement its own analytics and data science products.

Alteryx's platform allows clients to combine new sources of big data with market knowledge, location insight and existing business intelligence; perform predictive and spatial analytics; and produce analytic apps that can be shared through the firm's Analytics Gallery. The new Alteryx Ventures fund will also be used to source companies that build complementary solutions to extend the Alteryx APA Platform, and qualifying companies will receive support, services and go-to-market benefits. Examples include companies that deliver B2B solutions in marketing analytics, personal finance, tax and audit, supply-chain and healthcare applications.

CEO Mark Anderson (pictured) comments: '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. We believe Alteryx Ventures will help bring value to our customers and expose them to new possibilities with the Alteryx platform'.

Web site: www.alteryx.com .