Rally Updates

Congratulations to our wonderful CFO Stephanie McCoy, who was recently recognized as a 2024 Notable Chief Financial Officer in Twin Cities Business!

Charles passed away unexpectedly this September after a courageous battle with cancer.  He was a devoted family man, a brilliant venture capitalist and the truest friend you could ever have.

We’re thrilled to welcome Luke Zaientz to the Rally Ventures team. In his role as Operating Partner, Luke will work closely with our portfolio companies, providing expertise in go-to-market, customer success, product prioritization, new market entry, mergers and acquisitions, pricing/product marketing and more.

We are thrilled to announce that CRIO, a leading provider of eSource and other eClinical technologies, received a significant investment from The Riverside Company, a global growth oriented private equity firm.

Last week’s Annual Meeting was a great opportunity for our investors, tech partners and founders to be together. During the meeting, we discussed fund performance, key market trends and investment themes. 

Today we’re excited to announce the close of Rally Fund V, a $240 million fund to invest in companies bringing innovative approaches to enterprise technology.

We are thrilled to announce that Revelstoke Security has been acquired by Arctic Wolf. Revelstoke created the next generation Security Orchestration, Automation and Response (SOAR) platform. Its patented Unified Data Layer eliminates nearly all coding requirements and creates the flexibility to switch out technologies and products.

Ben Fried recently joined the Rally Ventures team as a Venture Partner. Ben will expand Rally’s expertise in engineering leadership, cybersecurity, managing hypergrowth and building enterprise software.

We were thrilled to have Sal Khan, the founder and CEO of Khan Academy, join us at this year’s Annual Meeting to give a talk about Khan Academy’s educational chatbot, Khanmigo. You can watch Sal’s TED Talk below.

Rally Venture Partner Ben Fried recently put together a Large Language Model overview and recommended reading list for those of us interested in learning more about how it works, what it’s good at (and not good at) and where the technology is going. We’ve never seen a technology move this fast, and we’re both excited about the opportunities it will bring and cautious about implementing LLMs responsibly.