Alteryx Inc. nets $60 million in funding

BOULDER – Software as a service company Alteryx Inc. expects to increase its Boulder workforce by about 30 percent over the next year in the wake of a $60 million infusion of venture capital announced Monday.

Alteryx provides a drag-and-drop platform in which companies can blend multiple sets of data and get advanced analytics from the data without the need for programming.

Founded in 2010, Alteryx is headquartered in Irvine, Calif., and has just under 200 employees. But its largest presence is in Boulder, where it has about 65 employees at 3825 Iris Ave.

Alteryx figures to add about 100 employees company-wide. In addition to Irvine and Boulder, the company has offices in Chicago, London, Dallas and San Mateo, Calif. The company’s development center is based in Boulder.

Laura Sellers, vice president of product management, said the company added 12 employees in Boulder in the last quarter and plans to add about 20 more as it doubles its development staff.

That likely means the company will also be looking toward either expansion of its office or a new location in Boulder to accommodate the growth.

Insight Venture Partners led the funding round, with participation also coming from existing investors SAP Ventures and Toba Capital. The funding, chief marketing officer Rick Schultz said, will be used to accelerate global growth.

The privately held company doesn’t disclose revenue. But Alteryx has grown from 200 to 600 customers over the past year, with a clientele that includes Verizon and Ingersoll Rand.