Rally Software Grabs $16 Million For Agile Software Development Tools

Rally Software, a company that provides agile project management applications to for software development, has just raised $16 million in funding led by Greylock Partners. The brings Rally’s total funding up to nearly $50 million. The new funding will be used to hire additional engineers. Tom Bogan, Venture Partner of Greylock, will join Rally’s board of directors.

Rally’s products and services helps businesses implement Agile software development and Lean practices with the right combination of tools, services and best practices. Rally’s clients include Cisco, Microsoft, AOL, and Hewlett-Packard. Last year, the company acquired 6th Sense Analytics.