Harness Raises $150M Financing

Harness, a San Francisco, CA-based modern software delivery platform company, raised $150M in financing.

Backers included Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC).

The company intends to use the funds for the expansion of the platform, including the addition of new modules, further integrating generative AI into the platform, and additional investments in its go-to-market engine.

Led by CEO Jyoti Bansal, Harness provides an end-to-end platform for complete software delivery. It offers a way for engineering and DevOps teams to release applications into production. The company uses AI and machine learning to monitor the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripting and manual oversight, giving engineers their nights and weekends back.

Commenting on the news, Jyoti Bansal said: “This funding enables our company to continue innovating at a record pace, transforming the software delivery lifecycle for today’s modern enterprises. Every year, developers waste more than $1 trillion by spending 40%+ of their time working on mundane, non-code-producing work. Our platform empowers software teams to achieve excellence in velocity, quality, efficiency, and governance.”