UPDATED 10:10 EDT / JUNE 06 2017

BIG DATA

Newly public Alteryx buys Y Combinator-backed Yhat to speed data science projects

Three months after going public in a $126 million offering, analytics powerhouse Alteryx Inc. is putting some of that money to use.

At a user event in Las Vegas today, the company announced that it has acquired Yhat Inc., a Y Combinator-backed startup that sells tools for data scientists. The three products that make up its portfolio are designed to ease the large amounts of manual work involved in building and implementing analytics algorithms.

Rodeo, the first offering, is a desktop-based development environment that data scientists can use to create the core number-crunching code for their projects. It’s built to work with Python (one of the most popular languages in the analytics community) and provides the ability to visualize how a script manipulates information. Yhat offers the tool alongside a complementary cloud service called Bandit that is geared toward running large-scale data processing workflows.

Rounding out the lineup is ScienceOps, the startup’s flagship offering. It’s meant to speed up the task of deploying analytics algorithms, which has historically required developers to manually convert the data science team’s Python code into a form that works with their infrastructure. ScienceOps provides the ability to expose an algorithm through a programming interface that can be easily plugged into an application without having to make any major changes.

Alteryx will use the startup’s technology to bolster its line of analytics tools. The company didn’t share any specifics on the value of the acquisition, but the fact that Yhat has raised more than $2.6 million would indicate the price tag is at least in the seven-figure range.

Alteryx announced the deal alongside with the release of a new tool called Connect that aims to help analytics professionals find the data they need for their projects more easily. It’s based on technology that the company obtained through another recent acquisition, the purchase of Czech startup Semanta s.r.o. earlier this year.

Image: Yhat

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