Venture Capital News: Xcalar Raises $21M in Series A
SAN JOSE, CA, Xcalar announced it has secured over $21 million in venture funding to date with its Series A round led by Khosla Ventures.
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.
Co-founded by former Oracle technologist Vikram Joshi, and Rebecca Ye, an early founder of Google Cloud Platform and previously an Oracle sales exec, Xcalar has been quickly catching the attention of the technology elite and top-tier customers:
Xcalar inked partnerships with Microsoft, Google, Tableau, Confluent, and MapR, and is currently working on deployments and pre-production pilots with about a dozen Fortune 100 companies as well as the government
Microsoft selected Xcalar as one of the top startups from over 1,000 in its coveted Accelerator Program
CIO Review rated Xcalar as one of Google's top-20 technology partners
"At Xcalar we set out to create a visual design platform that leverages existing investments in Hadoop, eliminates the need for most big data programming languages, and allows business analysts, data engineers, and data scientists to work relationally with modern data in interactive time. Today we have achieved these goals," says CEO Vikram Joshi. "With Xcalar 1.2, businesses, large organizations, and governments can extract critical insights from all their data sources, including images and media. They can use our visual programming to benefit from powerful open source technologies such as Google TensorFlow." Vikram previously founded ioTurbine and PixBlitz Studios, and is an engineering veteran of Oracle, SGI, and Sun Microsystems.
"Xcalar represents a fundamental shift in the big data landscape," said Vinod Khosla. "Xcalar closes the gap between big data and the business analysts to help ask the right questions and find meaningful insights in meeting real business challenges. No existing technology comes close to delivering on that promise. It's hard to compare all the competing claims in the big data space. Xcalar got it right by rethinking the whole end-to-end process -- from raw data to modeling, design, and query formulation, to execution -- accelerating the most critical benchmark for businesses: 'time-to-insight.'"
Key benefits of Xcalar 1.2 include:
User-friendly UI/UX that does not require programing skills to design models, create queries, synthesize schemas, build regression analysis algorithms, and even design new Machine Learning algorithms
Scale-out to hundreds of nodes, thousands of users, and petabytes of data
Point-and-click access to directly read all data types (semi-structured, unstructured, and structured) stored in the cloud or on-prem (Amazon S3, Microsoft Azure Storage, Google Cloud Storage, HDFS, SAN, NAS, NFS, or local file systems)
On-prem or in the cloud deployment
Seamless integration with leading visualization tools such as Tableau, Microsoft Power BI, Looker, Domo, Qlik, and a variety of reporting tools
Ability to work with thousands of filter, aggregate, sort, map, join, group-by, merge, union, correlation, and complex relational, statistical and ML operations, in series or parallel, to solve deep analytics problems
Detailed dataflow graphs to track data lineage of any given field from its source so audit requirements and regulatory compliance are easily met
Xcalar is the first business analytics platform to enable Fundamental Discovery of meaningful insights directly from petabytes of raw data. Xcalar uniquely extends relational compute on a scale-out platform for modern data, allowing businesses to discover insights simply not possible otherwise. Xcalar's unprecedented speed, scale, simplicity, and efficiency bring orders of magnitude reduction in the time needed to gain business insights regardless of the size and complexity of the dataset. Xcalar does not require any data prep or data shuffling before it begins analysis, nor does it need to move data due to its patent-pending True Data In Place technology. Xcalar delivers the fastest time-to-insight on the market. More information is available at www.xcalar.com.
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