$Microsoft(MSFT.US)$ has acquired Seattle-based Ally, bringing another startup into its fold in a move to improve its business services.
The startup sells business software for tracking goals and objectives using data while keeping employees informed of the process. For Microsoft, it's the latest addition to its newly launched Viva, a platform for employee experience technology. In a company blog post Thursday announcing the deal, Microsoft said Ally would also be integrated into its other cloud-based business services, including Office and Teams.
Vetri Vellore, a former product unit manager at Microsoft, launched Ally in 2017. The company has raised $73 million through three funding rounds since 2019, according to Crunchbase. The latest was a $50 million Series C round led by San Francisco-based Greenoaks Capital. In 2019, Tiger Global Management led a $15 million Series B round.
we can expect some positive moves on current progression.