Harnessthe company’s modern software delivery platform, has now announced that it has closed $ 230 million in new financing with a valuation of $ 3.7 billionmore than doubling in its value since its last round of financing January 2021. Norwest Venture Partners led the Series D round, with new investors JP Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners and all current participating investors, including ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV (formerly Google Ventures), Sorenson Capital, Thomvest Ventures and Silicon Valley Bank. Included in the round $ 175 million in equity and $ 55 million to finance debt. Harness will use the new funding infusion to continue to grow its world-class talent across the company and further expand the Harness Software Delivery Platform.
“It’s only possible with today’s milestone funding round and Harness’s rapid valuation increase because of our incredible, excited customers,” he said. Jyoti Bansal, Harness CEO and cofounder. “In today’s software -driven economy, businesses rely on their software development teams to adapt quickly. We will continue to provide developer teams with the complete software delivery solution they need to deliver innovative, secure software to scale while delivering the developer experience required by leading teams. “
“Every company has become a software company. But developing and deploying software is still very difficult. When we first partnered with Harness last year, Jyoti and the team had an ambitious vision to automate. and streamline every step of the delivery lifecycle of this software, ”said Rama Sekhar, Partner at Norwest Venture Partners. “Since then, they have over-delivered that plan, and expanded it into new areas such as cloud cost optimization and security. We are excited to double our partnership with the world-class team at Harness as they develop the Modern Software Delivery Platform. “
“ServiceNow is excited to continue to support Harness as they carry out their mission to simplify software delivery to create the seamless digital experiences that customers and employees expect, now more than ever,” he said. . Philip Kirk, Vice President of Corporate Business Development at ServiceNow. “Smart platforms like Harness are solving key challenges for Enterprise DevOps teams and we look forward to expanding our collaboration.”
Harness’s mission is to enable each of the world’s 27 million software developers to deliver code to their end users quickly, securely, reliably and efficiently while dramatically enhancing the developer experience. The financing round follows a year of major company -wide successes, including:
– Annual rate of income (ARR) more than doubles per year
– Rapid employee growth from 250 employees to January 2021 to nearly 700 Harnessians today
-Hundreds of new enterprise customers have been added to the Harness Software Delivery Platform
– Expansion of the Major Harness Software Delivery Platform, including:
– Four new modules: Managing Reliable Harness Service, Harness Feature Flags, Harness Security Testing Orchestration at Use Chaos Engineering
– More than 100 new features, including: Enterprise GitOps for Harness CD, Policy Engine based on OPA, High Availability CI, Intelligent Cloud Auto-Stopping using CCM at GitOps Feature Flags support
– Over 17 million annual deployments to the Harness Software Delivery Platform
– Harness supports multiple open source and source-available projectswith the Drone, LitmusChaos at Harness CD Community Edition. The drone alone has over 180 million Docker pulls and overs 24k stars on GitHub
– Awarded Forbes 50 Best Cloud Computing Company, Glassdoor Best Place to Work, TechCrunch Best Tech Startups to Work ForGlassdoor and Battery Ventures Highest-Rated Cloud-Computing Companies to Work with, Best Quartz Companies for Remote Workers, Best Places to Work in the San Francisco Business Times etc.