Ally Lands $8 Million More for Its Goal Management Software

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What do businesses like Remitly, T-Mobile, WellStar Health System and Slack have in common? They depend on rising startup Ally to help accelerate their business performance.

Now that company have more funding to keep growing.

The Seattle based company received $8 million in Series A funding, led by Accel, along with participation from Founders Co-op, Vulcan Capital and former Tiger Global exec Lee Fixel. Ally’s total funding is now $11 million.

Ally helps businesses grow their business performance through “alignment, agility, transparency, and focus” to match the rapid growth of their evolving markets. The company uses an operating model for running agile businesses called OKR, or Objectives and Key Results, which is inspired by Google and other top businesses.

“We’re incredibly passionate about helping businesses accelerate growth through strong alignment, transparency and zen-like focus. We’re off to a phenomenal start and are nearly doubling revenue every quarter. With the support of Accel and our existing investors, we will continue to innovate and enable every business to operate better and deliver stronger results,” said Vetri Vellore, Founder & CEO at Ally, in a statement announcing the funding round completion.

Adds Accel partner Abhinav Chaturvedi, “We’re excited to partner with Vetri and his team. Ally fits into our objective of supporting innovative products that address core business challenges in a growing, global market. We see more and more businesses focusing on increasing productivity by driving alignment, transparency, and visibility across the organization and Ally helps achieve that.”

Ally was launched in 2018, and has been adopted by hundreds of companies in more than 70 countries worldwide.