Harness Secures $150 Million in Financing to Revolutionize Software Delivery
May 16, 2024, 10:00 am
Location: United States, California, San Francisco
Employees: 501-1000
Founded date: 2016
Total raised: $575M
In a significant move that underscores its commitment to transforming the software delivery landscape, Harness, a San Francisco-based modern software delivery platform company, has successfully closed a $150 million round of financing. This substantial investment, led by Silicon Valley Bank (SVB) and Hercules Capital, Inc., marks a pivotal moment for the company as it embarks on a new phase of growth and innovation.
Under the visionary leadership of CEO Jyoti Bansal, Harness has emerged as a trailblazer in the realm of software delivery, offering an end-to-end platform that enables engineering and DevOps teams to release applications into production seamlessly. By harnessing the power of AI and machine learning, Harness has revolutionized the deployment process, allowing developers to monitor the quality of deployments and automatically roll back failed ones, thereby saving valuable time and reducing the need for manual intervention.
In a statement following the financing round, Jyoti Bansal expressed his excitement about the company's future prospects, highlighting the transformative impact of Harness's platform on the software delivery lifecycle. He emphasized the company's mission to empower software teams to achieve excellence in velocity, quality, efficiency, and governance, thereby driving innovation and productivity across the industry.
Harness's platform has garnered widespread acclaim for its ability to streamline the deployment process and enhance developer productivity. By automating mundane tasks and simplifying complex workflows, Harness has enabled developers to focus on high-impact activities, thereby maximizing their efficiency and effectiveness.
The recent financing round comes on the heels of Harness's impressive growth trajectory, with the company surpassing the $100 million annual recurring revenue milestone and expanding its customer base to over 600 enterprises. Moreover, Harness's platform has witnessed a surge in developer usage, with customers executing over 44 million code deployments via the platform in 2023, a testament to its growing popularity and effectiveness.
Looking ahead, Harness is poised to further enhance its platform with the addition of new modules and generative AI capabilities. The company's relentless focus on innovation and customer success underscores its commitment to driving continuous improvement and delivering unparalleled value to its users.
As Harness continues to push the boundaries of software delivery and redefine industry standards, the company's latest financing round serves as a testament to its unwavering dedication to excellence and innovation. With a strong foundation and a clear vision for the future, Harness is well-positioned to lead the charge in revolutionizing the software delivery landscape and empowering developers to achieve new heights of success.
Under the visionary leadership of CEO Jyoti Bansal, Harness has emerged as a trailblazer in the realm of software delivery, offering an end-to-end platform that enables engineering and DevOps teams to release applications into production seamlessly. By harnessing the power of AI and machine learning, Harness has revolutionized the deployment process, allowing developers to monitor the quality of deployments and automatically roll back failed ones, thereby saving valuable time and reducing the need for manual intervention.
In a statement following the financing round, Jyoti Bansal expressed his excitement about the company's future prospects, highlighting the transformative impact of Harness's platform on the software delivery lifecycle. He emphasized the company's mission to empower software teams to achieve excellence in velocity, quality, efficiency, and governance, thereby driving innovation and productivity across the industry.
Harness's platform has garnered widespread acclaim for its ability to streamline the deployment process and enhance developer productivity. By automating mundane tasks and simplifying complex workflows, Harness has enabled developers to focus on high-impact activities, thereby maximizing their efficiency and effectiveness.
The recent financing round comes on the heels of Harness's impressive growth trajectory, with the company surpassing the $100 million annual recurring revenue milestone and expanding its customer base to over 600 enterprises. Moreover, Harness's platform has witnessed a surge in developer usage, with customers executing over 44 million code deployments via the platform in 2023, a testament to its growing popularity and effectiveness.
Looking ahead, Harness is poised to further enhance its platform with the addition of new modules and generative AI capabilities. The company's relentless focus on innovation and customer success underscores its commitment to driving continuous improvement and delivering unparalleled value to its users.
As Harness continues to push the boundaries of software delivery and redefine industry standards, the company's latest financing round serves as a testament to its unwavering dedication to excellence and innovation. With a strong foundation and a clear vision for the future, Harness is well-positioned to lead the charge in revolutionizing the software delivery landscape and empowering developers to achieve new heights of success.