Alteryx, a US-based provider of strategic analytics, has raised $12m from a consortium including SAP Ventures, the corporate venturing unit of Germany-based software provider SAP.
The financing, which also came from venture capital firm Toba Capital (recently formed by Vinny Smith, former chief executive and founder of Quest Software,) will support accelerated growth through added sales, marketing and product investments, along with international expansion.
SAP Ventures invested $6m in Alteryx, in April 2011.
Jai Das, managing director with SAP Ventures and an Alteryx board member, said: “Alteryx is one of the few analytics platform providers which has the right mix of cloud, big data and predictive analytics capabilities to be able to leverage the massive changes in the analytics market.”