Adaytum said Monday that it secured $11.1 million in a round of funding. The round was led by Cargill, a new investor, and existing investors such as St. Paul Venture Capital, Accenture Technology Ventures, 3i Group, J.P. Morgan H&Q and Dorsey & Whitney Ventures also participated.
Adaytum, founded in 1990, closed a $7.4 million venture capital round in June 2001, a $6.1 million round in December 1999 and put together a $5.1 million financing deal in January 1999. Adaytum also secured $24 million in a "cash and services" investment from Accenture Technology Ventures in September 2000, and $10 million from American Express in October 2000. The company generated $51.6 million in revenue in 2001 and lists Lucent Technologies, Target, Best Buy and Pfizer as customers.
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.