Kalido Raises $3 Million in Venture Capital - Burlington, MA

Kalido, a privately held, Burlington-based provider of data management, data warehouse and business intelligence software, has raised $3 million in a round of venture capital, the company disclosed in a filing with the Securities and Exchange Commission. Kalido indicated that it plans to raise a total of $5 million in the deal. The company was founded in 1997 by a team of IT professionals at Royal Dutch Shell to develop a new way of transforming data into information. In 2003, Kalido was taken private with investments from Atlas Venture and Benchmark Capital.

http://www.kalido.com