Alteryx Scores $85 Million As Growth Spurt Continues

Alteryx; the business analytics tool makers has recently announced an $85 million round that comes on top of the $60 million deal last October. The huge funding flow this year and the accumulated sum from the previous rounds together makes it an impressive $163 million!

The round was led by Iconiq Capital and Insight Venture Partners. Meritech Capital Partners also participated.

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So, far, the company has been growing steadily. The great value that it brings to the business users is the main attraction that is getting attention of investors.

Last October, the company reported 600 customers and the total is over 1000 now according to company president, George Mathew. “We are adding about 200 new customers per quarter”, he says further!

The company used last year’s funding to grab a foothold in Europe, adding 20 employees in Western Europe along with 40 channel partners that helped build a roster of 200 customers outside of North America.

Read More at Tech Crunch

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