Ally says it 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 having invested in top companies
like Facebook, Flipkart and Stripe.
The Series-B investment comes on the heels of the $8-million Series-A round that Ally closed in July this year, bringing the company’s total funding
to $26 million. Ally said it had added over 100 new customers in the past three months and had doubled the number of its employees.
Since its launch in 2018, its solution had been adopted by hundreds of leading organisations in over 70 countries, Ally said. 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. Before that, he had spent 14 years at Microsoft where he turned around a $200-million enterprise software business and led the Visual Studio platform team and partner ecosystem.