Ally raises $8M Series A for its OKR solution

INSUBCONTINENT EXCLUSIVE:
OKRs, or Objectives and Key Results, are a popular planning method in Silicon Valley
waste of their time
Ally wants to change that and make the process more useful
The company today announced that it has raised an $8 million Series A round led by Accel Partners, with participation from Vulcan Capital,
Founders Co-op and Lee Fixel
The company, which launched in 2018, previously raised a $3 million seed round.Ally founder and CEO Vetri Vellore tells me that he learned
his management lessons and the value of OKR at his last startup, Chronus
After years of managing large teams at enterprises like Microsoft, he found himself challenged to manage a small team at a startup
And OKRs were one of those things I stumbled upon
though, tend to work with spreadsheets and Google Docs
Ally, then, is meant to replace these other tools
When it came time to roll out OKRs to everyone in the company, Ally was by far the best tool we evaluated
Remitly.Vellore tells me that he has seen teams go from annual or bi-annual OKRs to more frequently updated goals, too, which is something
Nobody wants to use yet another tool, though, so Ally features deep integrations into Slack, with other integrations in the works
(or nothing at all), Ally also offers training and consulting services with online and on-site coaching.Pricing for Ally starts at $7 per
month per user for a basic plan, but the company also offers a flat $29 per month plan for teams with up to 10 users, as well as an