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Ally helps startups and large enterprises accelerate business performance through alignment, agility, and transparency to match the fast-paced needs of their evolving markets. Its product is based on the objectives and key results (OKR) framework, an operating model for running agile businesses popularised by Google and other industry leaders.
FREMONT, CA: Business execution startup Ally raised USD 15 million in a Series B funding round led by Tiger Global, with participation from Accel, Founders Co-op, and Vulcan Capital. This new round of funding will be used to accelerate investments in global sales and marketing, expand the product offering, and enhance professional services to cement the company's position as an emerging business performance management software company.
“We are thrilled to be in the company of other category-defining portfolio companies in Tiger Global’s portfolio and are thankful for the strong support of our existing investors,” said Vetri Vellore, founder and chief executive, Ally. “Tiger Global’s investment is a validation of Ally’s strong growth trajectory and vision to create the new business operating system that powers modern enterprises to deliver exceptional results through alignment, agility, transparency, and data-driven execution.”
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Ally helps startups and large enterprises accelerate business performance through alignment, agility, and transparency to match the fast-paced needs of their evolving markets. Its product is based on the objectives and key results (OKR) framework, an operating model for running agile businesses popularised by Google and other industry leaders.
"Enterprises of all sizes are shifting towards aligned, agile, data-driven business processes to improve results. Ally's OKR solution improves productivity, and we're excited to partner with Vetri (Vellore) and the Ally team,” said Scott Shleifer, partner, Tiger Global, known for investing in top companies like Facebook, Flipkart and Stripe.
The Series B investment comes on the heels of a Series A round of USD 8 million in July this year. The company which launched in 2018 has been adopted by multiple organizations in over 70 countries. With this round of funding, the total capital raised by Ally reaches USD 25 million. Its customers include fast-growing startups and large enterprises like Slack, Remitly, DoorDash, UrbanClap, Nike, and InVision. Before Ally, Vellore, an alumnus of College of Engineering, Guindy in Chennai, co-founded Chronus, a tech startup that provided mentoring and coaching software platform for employee development at large enterprises.
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