Rally Software Closes $16m Round of Funding
Summary
Rally Software, a Boulder, CO-based Software-as-a-Service (SaaS) company which provides Agile application lifecycle management(ALM) solutions, has closed a $16m round of funding led by Greylock Partners. The capital infusion helps Rally accelerate its hiring of engineers. In addition, Tom Bogan, Venture Partner of Greylock, joins Rally’s board of directors. He brings years of market-leading ALM industry knowledge to Rally’s board of directors. He previously had served Rational as its COO and as General Manager of its testing business from 1996 to 2000.
Funding
Amount
$16.0M
Total raised
Date
January 5, 2010
Announcement date
Investors
Greylock
Lead investors
Company
http://www.rallydev.com
Funded company
Classifications
industries
No industries detected
applications
Procurement & Purchasing
AskAI Classifications
Labels
No AI classifications detected
Linked Companies
Broadcom Inc.
$10M to $25M