Kalido Raises $13.5 Million to Fund Continued Growth
Summary
Kalido, the leading adaptive enterprise data warehouse software provider, has secured $13.5 million in a third round of equity financing contributed to equally by its three existing investors, Matrix Partners, Atlas Venture, and Benchmark Capital. Proceeds of the round will be used to accelerate the development of Kalidos master data management offering, and continue the rapid expansion of sales, professional services, engineering, and customer support in the United States. This powerful flexibility of KALIDO has attracted numerous Global 2000 companies in need of consolidated and timely intelligence about their organizational performance, even as they undergo change such as mergers, reorganizations and new regulatory requirements. In addition, Kalidos chief technology officer Cliff Longman and vice president of field operations Andy Thorburn have relocated from London to Massachusetts to support the continued U.S. growth. An independently audited study shows that KALIDO saves at least 55 percent in ownership costs compared to custom-built approaches, a figure surpassed by real-life customer experiences.
