News

Kalido receives $13.5 million boost for its U.S. operations

Adaptive enterprise data warehouse provider Kalido Inc., with offices in Burlington and London, reports today it has raised $13.5 million in a third round of venture capital, with an eye toward growing business in the United States.

In all, the company has raised $43 million. 'Kalido has 120 employees but by the end of the year expects to hire 10 more people,' a company spokeswoman said.

Existing investors who contributed equally to this round are: Matrix Partners of Waltham and Menlo Park., Calif.; Atlas Venture of Waltham and Europe; and Benchmark Capital of Menlo Park, London and Israel.

The company has raised $43 million in venture capital so far. The new money will be used to develop Kalido’s master data management software and to expand sales, professional services, engineering and customer support in the United States. The company has opened a U.S.-based engineering facility and customer support center to go along with its facilities in London. Cliff Longman, the chief technology officer, and Andy Thornburn, vice president of field operations, are now working in the United States.

The company’s software is designed to enable companies to gather data and build data warehouses quickly, and create a web-based repository of common business definitions. U.S. customers including Intelsat and Owens Corning now make up half of the company’s customers.

The company spun out of data modeling research by the Royal Dutch/Shell Group in the 1980s and 1990s. From 1997 to 2000, a team at Shell developed the software, and the company was established in 2001.