Hazy announces strategic investment from data analytics automation leader, Alteryx
We’re thrilled to announce a strategic investment from Alteryx, the leader in scalable data analytics for enterprise businesses. With this investment from Alteryx, Hazy will be able to further bolster its enterprise product and enable customers to scale synthetic data enterprise-wide.
Hazy’s software enables enterprise firms to create synthetic data - data artificially generated using machine learning techniques - that retains the statistical properties of real data and can be safely shared and used across the business without compromising customers' privacy. With synthetic data, firms can access data that’s faster, easier and safer to use than real data.
The Alteryx team was impressed with the depth of Hazy’s platform, its enterprise credentials and its proven track record working with tier 1 enterprise clients such as Nationwide Building Society, BMW and Vodafone.
The investment has come at a great time for us at Hazy, closely following our Series A funding. The extra investment will be used to further enhance the platform’s enterprise synthetic data capabilities and accelerate our leading position as the enterprise synthetic data partner.
Harry Keen, CEO and Co-Founder, Hazy comments
"We are thrilled to announce this additional investment in Hazy, which marks an exciting milestone for our company. Alteryx is a recognised leader in the data analytics ecosystem, and we are proud to partner with a company that shares our core values of ethical data practices and privacy.Harry Keen, CEO and Co-Founder, Hazy
Working with Alteryx means that we will have the opportunity to learn from one of the best teams in the business. Together, we can create innovative solutions that deliver real value to our customers while ensuring that privacy and ethical considerations remain at the forefront of everything we do.
We are excited about the future of Hazy and the opportunities that lie ahead with Alteryx. With this additional investment from Alteryx, we are well-positioned to take our company to the next level and to continue our mission to revolutionise the way organisations work with their most sensitive data."
Asa Whillock, Vice President & General Manager, Alteryx Machine Learning comments
"At Alteryx, we are always looking for solutions that enable analytics automation by utilizing all available data sources to drive better outcomes. We hear all the time that organizations try to achieve this goal by utilizing their data, while not losing sight of the importance of data privacy and protecting sensitive information. Many of them have been forced to make difficult decisions limiting data usage and access to ensure safety and compliance. Synthetic data is a critical tool to help alleviate these limitations, allowing for democratization of data across organizations.
The development of synthetic data is an important step in further unlocking the $3 trillion in annual economic value trapped in data, as it enables organizations to generate valuable insights to support innovation, without compromising privacy.
At Alteryx, we are constantly striving to make “Analytics For All” possible and we believe that Hazy’s innovative offering furthers that goal by putting critical data into the hands of more analysts. The future is exciting for Hazy, and supporting the company as an investor is the first step for us in joining Harry and the Hazy team on this innovative journey."Asa Whillock, Vice President & General Manager, Alteryx Machine Learning
For more information about working with Hazy, get in touch with the team.