Alteryx recently announced that it has acquired data science ops and efficiency platform provider Yhat. Yhat specializes in providing data scientists and analysts with self-service data science tools for developing, managing and deploying machine learning models to web and mobile applications. The merger will allow Alteryx to enhance its flagship analytics platform and built upon their strategy for assisting citizen data scientists and trained data scientists to utilize advanced analytic models.
In a public statement, the company’s co-founder and CEO Dean Stoecker added: “Yhat shares a core value with Alteryx of making analytics easier through self-service tools for its customers. Today’s data scientists are spending too much time building advanced models that never reach deployment. With Yhat technology, we expect to make modeling tools more accessible to accelerate deployment, saving time and frustration, and bringing joy back to data scientists and citizen data scientists alike who love to solve complex business problems.”
In March, Alteryx rang the opening bell at the New York Stock Exchange in celebration of their initial public offering. They released 9,000,000 shares of their Class A common stock at a price of $14.00 per share under the symbol AYX. Founded in 2010 and based in Irvine, California, Alteryx has raised $163 million in investment funding over the last four years.
Alteryx touts an impressive customer list that is made up of some of North America’s most prominent companies, including Ford Motor Company, Amazon, Audi, BAE Systems, Cisco and Target.