Alteryx Acquires Lore IO to Enhance Enterprise Analytics for Cloud Data
IRVINE, Calif., Oct. 22, 2021 — Alteryx, Inc., the Analytics Automation company, today announced that it has acquired Silicon Valley-based Lore IO, a no-code AI-enabled data modeling platform that rapidly deploys analytics that adapt easily within a changing business environment. The acquisition of Lore IO provides Alteryx with the talent and technical know-how to leverage cloud-native, elastic compute within Alteryx Designer Cloud and Alteryx Machine Learning, allowing customers to analyze large datasets for actionable self-service insights.
“Lore IO brings a talented and tenured team that has decades of combined experience building mission-critical, cloud and analytics applications to increase big data fluency that enables customers to rapidly deploy analytics,” said Mark Anderson, chief executive officer at Alteryx. “Integrating Lore IO’s technology and talent aligns with our ambitious innovation agenda to allow enterprises to unlock the value of their data, uncovering business insights no matter how complex their datasets are or where the data resides.”
“Alteryx makes analytics and data science easy, which is why customers love it so much. As more enterprises move their data to the cloud, Lore IO’s mission to leverage cloud-specific capabilities to make data management accessible and easy for business users is a natural fit with the Alteryx platform,” said Digvijay Lamba, founder and chief executive officer of Lore IO. “By bringing our teams together, we’ll enable our customers to make business-critical decisions with faster access to bigger and more diverse datasets. The Lore IO team and I are excited by the possibilities of what we can do together with Alteryx.”
Lore IO was founded by veterans of Walmart Labs, who have decades of combined experience building scalable data infrastructure. The management team has deep expertise in product and engineering for large scale infrastructure, big data, machine learning and analytic and cloud applications.
“Now more than ever before, our customers across all industries need to analyze large datasets in both on-premises and in cloud repositories, as well as cloud data warehouses,” said Suresh Vittal, chief product officer of Alteryx. “The acquisition of Lore IO provides our team the IP and assets to enhance Designer Cloud and Alteryx Machine Learning offerings through cloud-based data modeling and smart query pushdown into cloud data sources.”
To learn more about Lore IO, visit www.getlore.io.
Alteryx, the Analytics Automation company, is focused on enabling every person to transform data into a breakthrough. Alteryx unifies analytics, data science and business process automation in one, end-to-end platform to accelerate digital transformation and shape the future of analytic process automation (APA). Organizations of all sizes, all over the world, rely on Alteryx to deliver high-impact business outcomes and the rapid upskilling of their modern workforce. For more information visit www.alteryx.com.