Alteryx Acquisition, Valuation, Funding & Investors
Alteryx was acquired by Clearlake Capital for $4.4B in December 2023, a 4.8x multiple on $914M of revenue.
Alteryx acquisition price
$4.4B
Acquired by Clearlake Capital · Dec 2023
Alteryx revenue at acquisition
$914M
Last twelve months · Dec 2023
Alteryx revenue multiple at acquisition
4.8x
EV/Revenue · Dec 2023
Cumulative funding Alteryx raised
$163M
across 3 funding rounds
About Alteryx
Alteryx is an Irvine-headquartered software company providing a cloud-based analytics platform for data preparation, blending, predictive modeling, and spatial analysis. The Alteryx Designer Cloud connects to over 100 data sources including AWS, Google BigQuery, and MongoDB, allowing analysts to build repeatable workflows shared across organizations. Serving clients like Ford, Experian, and Kaiser Permanente, it maintains offices in Broomfield, London, and Singapore. Listed on the New York Stock Exchange under AYX, Alteryx supports thousands of enterprises worldwide with its low-code environment.
Founded
2011
HQ
Los Angeles, CAWebsite
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Revenue
$1B (Oct 2015)
Valuation
$1B (Oct 2015)
Alteryx Acquisition
Alteryx was acquired by Clearlake Capital for $4.4B on 18 December 2023.
The acquisition price implies a 4.8x revenue multiple on $914M of revenue.
Before the acquisition Alteryx had raised $163M across 3 funding rounds.
Alteryx, Inc., an Irvine, California-based analytics cloud platform company (NYSE: AYX), develops data science and analytics products, powering enterprise decisions through automated, AI-driven insights and enabling customers to transform data into breakthroughs. Clearlake Capital Group, L.P., a Santa Monica-headquartered private equity firm with over $75 billion in assets under management focusing on technology, industrials, and consumer sectors, partnered with Insight Partners, another global private equity firm, to acquire Alteryx. The strategic rationale centers on providing Alteryx with increased working capital, industry expertise, and private company flexibility to accelerate investments in AI and cloud analytics innovation, enhancing go-to-market capabilities and product roadmap amid competitive dynamics where Clearlake and Insight outbid Symphony Technology Group. The deal, announced on December 18, 2023, is valued at $4.4 billion including debt, with equity at approximately $3.46 billion, offering a 29.1% premium over Alteryx’s prior closing share price; stockholders received $48.25 in cash per share of Class A or Class B common stock. Approved by an independent special committee, the full board, and stockholders on March 13, 2024, with support from CEO Dean Stoecker holding 49% voting power, the transaction closed on March 19, 2024, without financing or majority-of-the-minority conditions, pending only customary approvals including regulatory. Alteryx delisted from the NYSE, becoming a privately held portfolio company of Clearlake and Insight, with no immediate disclosed impact on its approximately 2,900 employees.
| Acquirer | Date | Type | Price | EV/Revenue |
|---|---|---|---|---|
| 18 Dec 2023 | PE buyout | $4.4B | 4.8x |
Alteryx Valuation
Alteryx is currently valued at $1B, based on its Series C in October 2015.
The $85M round was led by ICONIQ Capital and Insight Partners, with participation from Meritech Capital Partners.
Alteryx valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2015 | Series C | $1B | 1.0x |
Alteryx Revenue
Alteryx's latest recorded revenue is $1B, as of its Series C in October 2015. At a $1B valuation, that implies a 1.0x revenue multiple.
Alteryx revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2015 | $1B | $1B | 1.0x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Alteryx Funding History
Alteryx has raised a total of $163M across 3 funding rounds.
Alteryx's first fundraising round was a $18M Series A in May 2013. The most recent completed round was a $85M Series C in October 2015.
Alteryx funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2015 | Series C | ICONIQ Capital (lead); Insight Partners (lead); Meritech Capital Partners | $85M | $1B | Alteryx is a data blending and advanced analytics platform that enables business users and data analysts to work with multiple data sources through a visual, drag-and-drop workflow interface. The platform democratizes analytics capabilities, allowing users who primarily work with Excel to perform advanced statistical and predictive analytics, data preparation, and blending tasks. The company also offers a marketplace (gallery.alteryx.com) for sharing and selling analytics applications built on the platform. In October 2015, Alteryx announced an $85 million Series C funding round co-led by Iconiq Capital and Insight Venture Partners, with participation from Meritech Capital Partners. This round brought total funding to $163 million and valued the company at approximately $1 billion, making Alteryx a prospect to join the Billion Dollar Unicorn club. The company planned to use the capital for accelerated product development, international expansion, research and development, and expansion of sales, marketing, and channel partner relationships. At the time of the funding, Alteryx had demonstrated strong traction with over 1,000 customers across all major industry groups, ranging from Global 2000 enterprises to SMBs on all continents. The company was adding approximately 200 new customers per quarter and had successfully expanded into Europe and Australia earlier in 2015, with 20 employees in Western Europe and 40 channel partners. Notable customers included Verizon, Boston Consulting Group, Ingersoll Rand, and others highlighted at the company's Inspire user conference. Alteryx had been growing rapidly, with over 200 percent growth in its customer base in the year leading up to the October 2014 Series B round ($60 million led by Insight Venture Partners). The company was backed by SAP Ventures (later rebranded as Sapphire Ventures), which had participated in earlier funding rounds beginning with a $6 million seed investment in 2011. By 2015, the company was positioned in Gartner's Magic Quadrant for Business Intelligence and Analytics Platforms in the Visionaries quadrant and had strategic partnerships with Tableau, Qlik, and Cloudera to support innovation and growth. |
| Oct 2014 | Series B | Insight Partners (lead); Sapphire Ventures; Toba Capital | $60M | - | Alteryx, Inc., a leader in data blending and advanced analytics, secured a $60 million investment on October 6, 2014, led by Insight Venture Partners with participation from existing investors SAP Ventures and Toba Capital. The funding responded to explosive growth, including over 200 percent increase in its customer base in the prior year. Proceeds were earmarked to expand go-to-market capacity, broaden the partner channel, and deliver product innovations for line-of-business data analysts in marketing, sales, customer service, and finance. Insight Venture Partners' managing partner Jeff Horing praised Alteryx as a category leader among top-decile SaaS companies for growth and core metrics, joining the board to support scaling. CEO Dean Stoecker highlighted the validation of analysts' use of the platform for better decisions and plans for enhanced data blending experiences. SAP Ventures' Jai Das noted Alteryx's disruption in analytics by enabling data blending from diverse sources like Big Data. This Series B round followed a $12 million raise in May 2013, bringing total funding to $78 million and signaling strong investor confidence in the data analytics app-building market via workflow interfaces. |
| May 2013 | Series A | Sapphire Ventures (lead); Toba Capital (lead) | $18M | - | Alteryx, a provider of strategic analytics software, raised $12 million on May 20, 2013, from Toba Capital and existing investor SAP Ventures (later Sapphire Ventures). This Series A round brought total funding to $18 million following a prior $6 million seed investment. The financing supported accelerated growth through investments in sales, marketing, product development, and international expansion. Toba Capital, founded by former Quest Software CEO Vinny Smith, selected Alteryx as its first analytics investment. SAP Ventures, having invested in 2011, renewed support citing Alteryx's capabilities in cloud, big data, and predictive analytics. The platform targets data analysts, enabling workflow-based analytics from internal and third-party data sources. Alteryx positioned itself in the business intelligence market, estimated at $10-12 billion, competing with SAS and Tibco Spotfire by offering faster integration and usability for non-technical users like CMOs and CFOs. |
Who has invested in Alteryx?
5 investors have backed Alteryx across its funding rounds, including Insight Partners, Sapphire Ventures, Toba Capital, ICONIQ Capital and Meritech Capital Partners.
Lead investors include ICONIQ Capital, Insight Partners, Sapphire Ventures and Toba Capital.
Alteryx Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Austin, TX | 2 | Lead | May 2013 | |
| San Francisco, CA | 2 | Lead | May 2013 | |
| New York City, NY | 2 | Lead | Oct 2014 | |
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Start Free TrialAcquisitions by Alteryx
Alteryx has acquired 8 companies to date.
Last acquisition by Alteryx was on January 6th 2022. Alteryx acquired Trifacta for $400M.
Latest Acquisitions by Alteryx
| Description | Trifacta is a Seattle-headquartered data engineering platform acquired by Google Cloud in 2021. The service transforms raw data through visual profiling, AI-powered suggestions, and automated pipelines, connecting to sources like AWS S3, Snowflake, and BigQuery. Enterprises such as Google, PepsiCo, and Kaiser Permanente use it to prepare datasets for analytics. Trifacta's Wrangler tool, now part of Dataplex, handles petabyte-scale processing with row-level lineage tracking across hybrid clouds. | Lore IO is a Berlin-headquartered data orchestration company that delivers the Virtual Data Layer, an enterprise data fabric supporting declarative transformations executed virtually during queries. This abstraction layer separates data pipelines from applications, enabling seamless access to unified data across warehouses, lakes, and streams. Launched in 2022, it serves data teams in finance and retail sectors with tools for real-time governance and lineage tracking. | Hyper Anna is a Sydney-headquartered AI-powered analytics platform adopted by organizations including Microsoft, IAG, Westpac, and Singtel. With offices in Australia and Singapore, it enables skill-agnostic data analysis and insight sharing via natural language queries and automated visualizations. Recognized by Gartner and Deloitte, Hyper Anna processes enterprise datasets in seconds, replacing manual reporting across finance and insurance sectors. | Feature Labs is a Boston-based provider of APIs and tools for automating data science and feature engineering, originating from MIT CSAIL research. The company delivers platforms like Featuretools for automated feature generation in machine learning pipelines, supporting Python and Spark environments. It serves financial and retail sectors with solutions that accelerate model development by 10x. Founded in 2017, Feature Labs was acquired by Alteryx in 2020, expanding its reach to enterprise clients worldwide. | |
| HQ Country | | |  | | |
| HQ City | San Francisco, CA | San Francisco, CA | Sydney | Boston, MA | |
| Deal Date | 6 Jan 2022 | 22 Oct 2021 | 7 Oct 2021 | 4 Oct 2019 | |
| Valuation | $400M | $10M | $25M | $38M | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
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Alteryx Competitors
Alteryx competitors include listed companies like Octave Intelligence and Presight AI, and private ones like OneTrust, ThoughtSpot, Dataminr and Branch.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Atlanta, GA | Private | $400M | - | $4.5B | 11.3x | |
| San Francisco, CA | Private | $150M | - | $4.2B | 28.0x | |
| New York City, NY | Private | $200M | - | $4.1B | 20.5x | |
| San Francisco, CA | Private | - | - | $4B | - | |
| United States | Publicly listed | $1.6B | $530M | $5.1B | 3.3x | |
 UAE | Publicly listed | $825M | $214M | $5.7B | 5.4x |
Alteryx Public Comps
Alteryx is no longer listed, but its public comps include Geovis, Octave Intelligence, Sportradar, Presight AI, Teradata, Shanghai DZH, SenseTime Group, DoubleVerify, Karooooo and Business-intelligence.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $399M | $44M | 10.1x | 8.6x | 90.6x | - | |||
| $1.6B | $530M | 3.4x | 3.3x | 10.2x | 9.8x | |||
| $1.5B | $612M | 2.3x | 2.0x | 5.5x | 8.6x | |||
| $825M | $214M | 6.3x | 5.4x | 24.4x | 20.8x | |||
| $1.7B | $285M | 1.4x | 1.4x | 8.3x | 5.2x | |||
| $123M | ($546K) | 19.0x | - | (4289.0x) | - | |||
| $748M | ($70M) | 7.4x | 6.2x | (78.6x) | 119.2x | |||
| $748M | $136M | 2.7x | 2.5x | 14.6x | 7.4x | |||
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Common questions about Alteryx
| When was Alteryx founded? | Alteryx was founded in 2011. |
| Where is Alteryx headquartered? | Alteryx is headquartered in Los Angeles, CA, United States. |
| Is Alteryx publicly listed? | No, Alteryx was acquired by Clearlake Capital in December 2023. |
| Who acquired Alteryx? | Alteryx was acquired by Clearlake Capital in December 2023. |
| How much was Alteryx acquired for? | Alteryx was acquired for $4.4B in December 2023, a 4.8x revenue multiple. |
| What is Alteryx's valuation? | Alteryx was last valued at $1B in its Series C in October 2015. |
| How much funding has Alteryx raised? | Alteryx has raised $163M across 3 funding rounds. |
| What was Alteryx's last funding round? | Alteryx's last funding round was a $85M Series C in October 2015, led by ICONIQ Capital and Insight Partners. |
| Who are Alteryx's investors? | Alteryx's investors include Sapphire Ventures, Toba Capital, Insight Partners, ICONIQ Capital and Meritech Capital Partners. |
| What is Alteryx's revenue? | Alteryx's latest recorded revenue is $1B (October 2015). |
| What is Alteryx's revenue multiple? | Alteryx's latest valuation implies a 1.0x revenue multiple ($1B valuation on $1B of revenue). |
| Which companies are comparable to Alteryx? | Companies comparable to Alteryx include OneTrust, ThoughtSpot, Dataminr, Branch, Octave Intelligence and Presight AI. |
| How many companies has Alteryx acquired? | Alteryx has acquired 8 companies, including Trifacta, Lore IO, Hyper Anna, Feature Labs and ClearStory Data. |
| What was the largest acquisition by Alteryx? | The $400M acquisition of Trifacta in January 2022 is the largest acquisition Alteryx has made to date. |
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