Software developer Alteryx raises USD6m

Mon Apr 11 2011, 18:09 PM

Software developer Alteryx has raised USD6m from round leaders SAP Ventures Fund I. The California-based company will use the capital to assist development and finance potential acquisitions. SAP Ventures MD, Jai Das, will join the Alteryx board as part of the investment. The company specialises in business intelligence software, a sector which is currently experiencing rapid growth. "This investment from SAP Ventures will help us fuel the growth engine supported by the excitement and success of a burgeoning community of customers around the world", says Alteryx CEO Dean Stoecker.

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