Data analytics software maker Alteryx Inc. (NYSE: AYX) in Irvine said it had made a “strategic investment” in Palo Alto-based Fiddler, which specializes in machine learning workflow management. Financial terms were not disclosed.
The addition will help customers establish stronger governance and ethical artificial intelligence practices, Alteryx said in a statement today.
“As organizations launch more ML models and AI applications into production, it is imperative to validate, monitor, and retrain in a continuous fashion,” Krishna Gade, founder and CEO of Fiddler, said in the statement.
Shares in Alteryx rose 2.6% to $52.75 apiece for a market cap of $3.7 billion.
