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To dramatically increase the ROI that corporations can gain from their big data, Xcalar today announced availability of its business analytics platform, Xcalar 1.2, which gives the fastest, easiest, and most cost-effective access to actionable insights from big data.

Xcalar also announced it has secured over $21 million in venture funding to date with its Series A round led by Khosla Ventures. Other investors include industry visionaries Andy Bechtolsheim and Diane Greene, and Silicon Valley venture capital firm, Merus Capital...

With big data becoming the newest currency in the market, a multitude of verticals are experiencing the shift from the traditional Enterprise Data Warehouse (EDW) and open source solutions to modern business intelligence platforms. “We are spearheading the innovation with transformative big data technology,” emphasizes Vikram Joshi, Co-founder and CEO, Xcalar. By deriving meaningful, visual-based insights from the most unstructured and largest of data, CIOs and analysts can confidently make business-critical decisions to plan for the future, miles ahead of the slowly adapting competition...

It has been over a decade since the birth of Hadoop. With over $20 billion dollars in venture capital poured into open source technologies for big data, the expectation is that we are well past the hype cycle and have a mature set of products that meet the growing needs of businesses. However, reality speaks otherwise. Demystifying modern data continues to be harder than ever. And it requires programmers, a far cry from the promise of data democratization and self-service analytics. Should we have hope? What does the future hold?

Xcalar is selected as one of the 10 companies out of more than 1000. promising candidates. Of those under consideration, Microsoft personally interviewed over 150 from as far west as San Francisco and Silicon Valley, all the way to the opposite coastline, where they met with startups in New York City and Boston. They also spoke with numerous founders from across the country and around the world on the phone and via Skype.