COMPANY INFO
Harness, officially known as Harness Inc., was founded in 2017 by Jyoti Bansal and Rishi Singh. It is a software development company with about 1,200 employees that provides a continuous integration and continuous delivery (CI/CD) platform designed to simplify and automate the software delivery process, enabling engineering and DevOps teams to release applications reliably and efficiently. The company operates in the Business/Productivity Software industry with a focus on DevOps, SaaS, and AI/ML, and its website is www.harness.io.
Harness, officially known as Harness Inc., is a leading software development company founded in 2017 by Jyoti Bansal and Rishi Singh. Operating in the Business/Productivity Software industry, Harness provides a cutting-edge continuous integration and continuous delivery (CI/CD) platform designed to streamline and automate software delivery for engineering and DevOps teams. With a focus on DevOps, SaaS, and AI/ML, the company employs approximately 1,200 people and is headquartered in San Francisco, with additional offices across the United States, India, Serbia, and the United Kingdom.
Harness funding history demonstrates a strong growth trajectory, powered by a strategic blend of venture capital and debt financing. To date, Harness has raised a total of $425 million across 12 funding rounds, including early-stage, late-stage, and several debt rounds. Notably, the company achieved a $3.7 billion valuation during its Series D in 2022. Harness’s funding rounds have supported rapid platform expansion, talent growth, product enhancement, and a recent strategic focus on generative AI and market expansion, reflecting its ambition to dominate the CI/CD and software automation space.
In its most recent round, Harness secured $150 million in conventional debt financing from lead investors SVB and Hercules Capital. The funds are allocated for general corporate purposes, with a strong emphasis on driving generative AI initiatives and accelerating go-to-market expansion.
The $175 million Series D round, led by Norwest Venture Partners, marked a significant milestone—pushing the company’s valuation to $3.7 billion. Proceeds were used to scale operations, further expand Harness’s software delivery platform, and invest in talent acquisition.
Harness raised $115 million in its Series C round with participation from leading venture firms including Alkeon Capital Management, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, Menlo Ventures, Unusual Ventures, Thomvest Ventures, and IVP. This financing supported growth acceleration, product development, and global customer reach.
With $60 million raised in this round, led by IVP, Google Ventures, ServiceNow, BIG Labs, Menlo Ventures, and Unusual Ventures, Harness focused on market expansion and boosting its customer acquisition efforts.
In one of its earliest rounds, Harness secured $20 million from Menlo Ventures and BIG Labs to fuel initial product development and launch.
(For a full list of rounds, see above funding data. Harness’s 12 rounds span early-stage, growth, and debt financing, underpinning its robust capital strategy and commitment to innovation.)
A global VC firm with a strong track record in enterprise software, Norwest Venture Partners led the $175 million Series D round and continues to be pivotal in Harness funding and strategic direction.
Menlo Ventures has backed Harness since its early days, participating in several rounds and providing critical support for product development and go-to-market scaling.
With deep SaaS and tech expertise, IVP has contributed to multiple Harness funding rounds, especially in the B and C stages.
A leader in late-stage growth investing, Alkeon Capital Management participated in the Series C round, fueling Harness’s product and market expansion.
A prominent investor in cloud and infrastructure technologies, Battery Ventures joined Harness’s Series C financing, playing a key role in product enhancement initiatives.
These lending institutions drove the most recent $150 million conventional debt round, providing operational liquidity and capital for AI-driven expansion.
A technology giant, ServiceNow has backed Harness as a strategic partner and investor, supporting joint innovation in workflow automation and software delivery.
Harness funding rounds have also attracted Capital One Ventures, Balyasny Asset Management, Adage Capital Management, Gaingels, Thomvest Ventures, Unusual Ventures, Citi Ventures, Google Ventures, Sorenson Capital, Rally Ventures, ClearSky, Crosslink Capital, J P Morgan, Splunk, and others—highlighting confidence from leading names in technology and venture capital.
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