This week we announce a $6 million dollar strategic investment by SAP Ventures Fund I, a new venture capital subsidiary of SAP AG. This investment, one of two to open this fund, will support more than fourteen years of steady growth by Alteryx. The timing fuels a 50+% growth in sales and customer acquisitions as we head into 2011. In conjunction with the new funding, Alteryx has added Jai Das, partner at SAP Ventures, to our Board of Directors.
This minority investment in our private company supplements an already substantial working capital budget. The investment ensures our growth as a business is adequately funded, helping us continue to raise our standards and our customers' expectations for unparalleled customer service and product innovation.
The new relationship with SAP Ventures also allows us, as an emerging leader in the business intelligence software sector, to receive world-class guidance and attract top director talent to our Board of Directors.
We want to thank our loyal and successful customers and partners who have made this announcement possible. Without you, our business--by any other name, would not be worthy.
