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Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher.<\/p>\n
Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better\u00a0assess what products are selling and where there are market inefficiencies. CEO Dean Stoecker touted a high customer retention rate, which makes it easier to predict revenue.<\/p>\n
Stoeckher tells us\u00a0that Alteryx\u00a0prides itself with a \u201cplatform that\u2019s easy to install and learn.\u201d They work with a variety of industries and company divisions, ranging from \u201csales operations to marketing to HR analytics.\u201d<\/span><\/p>\n Alteryx brought in $85.8 million in revenue last year, with losses of $24.3 million. Revenue was $53.8 million for 2015 and losses that year were $21.5 million.<\/p>\n The company has\u00a0raised at least $163 million in capital<\/a> since it was founded in 2010. Insight Venture Partners owns 27% of Alteryx,\u00a0Thomson Reuters has a 13.1% stake and Sapphire Ventures owns 13% of the company. Other large investors are Toba Capital and ICONIQ.<\/p>\n Irvine-based Alteryx is part of a burgeoning southern California tech scene. Snap is headquartered in\u00a0Venice, meaning that two of the three tech companies to go public this year have been in the bottom half of the state.<\/p>\n New York-based Yext and San Francisco\u2019s Okta have already revealed their IPO filing, indicating that their debut is happening in the coming weeks. After last year\u2019s inactive year for tech IPOs, many are hoping that the \u201cwindow\u201d is open and that the spate of new public companies will continue.<\/p>\n Rob Ward, managing director at Meritech Capital, said they invested in Alteryx because \u201cwe knew there was a massive opportunity in between data consumption and data storage.\u201d They hoped that Alteryx would \u201cbecome the leading provider of self service analytics to the tens of millions of data driven business users who are desperate for just such a solution given today\u2019s increasingly complex data ecosystem.\u201d<\/p>\n Stoecker says that they plan to use the proceeds from the offering to continue their international expansion. They may also make some acquisitions.<\/p>\n \u201cGoing public today is just the begging of the next chapter,\u201d he said.\u00a0<\/span><\/p>\n Featured Image: Peter Kaminski<\/a>\/Flickr<\/a> UNDER A CC BY 2.0<\/a> LICENSE (IMAGE HAS BEEN MODIFIED)<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"![\"\"](\"https:\/\/tctechcrunch2011.files.wordpress.com\/2017\/03\/nyse.jpg?w=680\")
Alteryx, the data analytics company, went public on the New York Stock Exchange today, marking the third IPO of the year. The company priced its IPO yesterday at $14 per share, and closed Friday at $15.50, or 10.7% higher. Alteryx works with clients like Amazon, Ford and Coca-Cola to help them better\u00a0assess what products are selling and where there are market inefficiencies. CEO Dean… Read More<\/a><\/p>\n\n<\/img><\/a>
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