US-based data analytics company Alteryx has secured $60m in a series C round which included SAP Ventures, the corporate venturing unit of software producer SAP.
Venture capital firms Insight Venture Partners, which led the round, and Toba Capital also participated.
Alteryx Analytics provides analysts with an intuitive workflow for data blending and advanced analytics. The new capital will be used to support Alteryx’s growth in order to help meet consumer demand.
Dean Stoecker, chief executive of Alteryx, said: “Every day tens of thousands of analysts use Alteryx to drive better analytical decisions in their organisation. This latest funding round validates the amazing things they do and will allow us to deliver continuously enhanced personal data blending and analytics experiences to even more analysts.
Alteryx raised $12m in series A funding in May 2013 from SAP and Toba Capital, after SAP had invested $6m in Alteryx in 2011.