Development is one of the most important parts of any venture, especially when it comes to technology and software. That’s why DevOps solutions are so important, and that’s also why so many eyes are focused on Harness. Harness uses AI to simplify the DevOps process. Users of seamless delivery, seamless integration, and cost management in the cloud will find reasons to use this powerful software delivery platform. To learn more about Harness and what it has to offer, check out the announcement below.
SAN FRANCISCO– April 26, 2022 – Harness, the innovative software delivery platform company, today announced that it has closed $ 230 million in new financing to $ 3.7 billion, more than doubling its valuation since its last financing round in 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 investors who participating, 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. The round included $ 175 million in equity and $ 55 million in debt financing. 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.
“Today’s milestone funding round and the rapid increase in Harness’s valuation are only possible because of our incredible, excited customers,” 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 PlatformTM. “
“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:
Please visit www.harness.io for more information or learn about joining our team at https://harness.io/company/careers/.
About Harness
Harness, the Modern Software Delivery PlatformTM, provides a simple, safe and secure way for engineering and DevOps teams to quickly roll out production applications. Harness uses machine learning to see the quality of deployments and automatically restore failures, saving time and reducing the need for custom scripting and manual administration, which will return engineers their weekend. Harness Inc. is based in San Francisco. More on Twitter @harnessio and in harness.io.
The original announcement can be found on Harness’s blog.