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Alteryx Shares Customers’ Props at Annual Conference

The influence and future of data analytics was on full display at Alteryx Inc.’s annual convention at the Anaheim Convention Center.

Inspire 2018, held June 4 to 7, drew more than 3,000 people from 29 countries who shared their stories on how the company’s product suite is changing their businesses, and in some cases, the world, like helping eradicate malaria.

Alteryx (NYSE: AYX) customers pay a subscription fee for its analytics software to integrate data, monetize content, forecast sales, map retail expansion plans, and compare sales and product placement, among other features.

Panel discussions, led by a mix of statisticians, data scientists and execs, covered a host of applications and topics, from retail and finance to transportation and manufacturing.

“This year we’re really pleasantly surprised by the number of business leaders who have shown up at the conference, and that’s because we’re sort of in the midst of this necessary task of digital transformation in businesses,” Chief Executive Dean Stoecker said in an interview with the Business Journal.

The company raised $131.4 million last year in an initial public offering, snapping a nearly two-year drought in Orange County IPOs.

Funding Flare-Up

Irvine-based Solarflare Communications Inc. received a strategic investment from tech company Xilinx Inc. in San Jose and Connecticut venture capital firm Oak Investment Partners.

Financial details of the investment weren’t announced.

Solarflare declined to confirm if the funding was part of an ongoing $13 million offering. The chipmaker has raised $6 million of that, according to a filing with the Securities and Exchange Commission.

Solarflare said it will use the strategic investment to develop more products and expand markets.

Its chips go into circuit boards that it sells directly to financial services firms. The products enable rapid transfer of large amounts of data.

The company is focusing on using field programmable gate arrays, a segment led by Xilinx (Nasdaq: XLNX). The super-speedy computing processing chips, which are used primarily to control systems and manage data, can be programmed by customers after production, and the software burned on them can’t be duplicated after use—a safeguard against security breaches.

Xilinx posted sales of $2.5 billion in the 12 months through March—the end of its fiscal year.

Solarflare is OC’s 11th-largest chipmaker, with 74 local employees. It added 21 positions in the past year, up 39.6%, the highest percentage of any company on the Business Journal’s annual industry list, which published last month.

Solarflare has raised $305 million, according to San Francisco-based Crunchbase Inc.

Oak Investment Partners, established in 1978, has invested $9 billion in over 525 companies around the world.

More Data Analytics News

Iteris Inc. (Nasdaq: ITI) reported March-quarter revenue in line with Wall Street expectations and a deeper net loss than estimated.

The Santa Ana-based company reported revenue of $25.3 million, essentially flat year-over-year. It posted a net loss of $2.4 million, or 10 cents per share, compared to a net year-over-year loss of $3.4 million.

Yahoo analysts forecasted a loss of 3 cents per share, or roughly $992,000.

For its fiscal year, Iteris grew revenue 8% to a record $103.7 million, with gains across all three of its main business lines: transportation systems; agriculture and weather analytics; and roadway sensors.

Net loss was approximately $3.5 million, or 11 cents per share, compared with a net loss of about $4.8 million, or 15 cents per share, in fiscal 2017.

In the past few years, Iteris expanded its business model from providing primarily transportation data to selling agricultural and weather insights.

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