Alteryx, the Analytics Automation company, 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 analyse 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.”
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“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 analyse 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.”
