Harness Announces $60M Series B Financing
April 23, 2019

Harness closed a $60 million Series B funding round led by IVP, GV, and ServiceNow Ventures.

Existing investors Menlo Ventures and Unusual Ventures also participated in the round. Harness will use this new round to expand investment in R&D and scale its rapidly growing engineering, sales, and customer success teams.

The Harness mission is to make the practice of continuous delivery accessible to every business, empowering software teams to move fast and ship software without the fear of failed deployments. Harness uses advanced machine learning and AI to automate software deployments, analyze their quality, and automatically roll back if something goes wrong.

Harness was founded by Jyoti Bansal — former CEO and founder of AppDynamics, an application monitoring company acquired by Cisco for $3.7B in 2017 — and Rishi Singh, a former DevOps platform architect at Apple.

"We were not actively seeking new investment at this point, but our strong market traction created heavy investor interest in Harness, resulting in a fast-moving and heavily oversubscribed Series B round," said Jyoti Bansal, CEO and co-founder of Harness. "We are thrilled to partner with world-leading investment and technology firms — IVP, GV, and ServiceNow — as we continue to build Harness into the next major software platform company."

"Harness represents a tremendous opportunity to create the next multi-billion dollar company. The team has a powerful vision to redefine the software delivery process using automation and machine learning, and the company's market momentum is significantly beyond what we typically see in companies at this stage," said Steve Harrick, General Partner at IVP. "We were fortunate to be investors in Jyoti Bansal's previous company AppDynamics, and believe that Jyoti and the all-star team assembled at Harness have the ability to revolutionize software delivery within the enterprise."

Share this

Industry News

October 10, 2019

CloudBees launched a new partner program that expands ISV partners’ ability to align with CloudBees offerings and the global Jenkins community.

October 08, 2019

Nureva announced a key update to the Jira Software integration with Span Workspace, Nureva’s cloud-based digital canvas for visual planning and collaboration.

October 08, 2019

Fugue announced support for Open Policy Agent (OPA), an open source general-purpose policy engine and language for cloud infrastructure.

October 03, 2019

Redgate announced the launch of SQL Compare v14, the latest version of its industry standard tool for quickly and accurately comparing and deploying SQL Server databases.

October 03, 2019

Harness announced the release of Continuous Insights, a new capability of its CD platform that enables organizations to see clearly into software delivery performance across their engineering and development teams without needing to manually collect, correlate, and report metrics that might take days or weeks.

October 03, 2019

OutSystems and Workato announced a partnership aimed at allowing organizations to rapidly realize innovation, time to value, productivity, and mission-critical objectives through readily available application connectors.

October 02, 2019

Kong announced an acquisition and several new products.

October 02, 2019

Contrast Security announced the availability of .NET Core support on Contrast Community Edition (CE).

October 02, 2019

Checkmarx earned Amazon Web Services (AWS) Security Competency status for its Software Security Platform.

October 01, 2019

Parasoft announced the release of its newest product, Parasoft Selenic, a UI testing solution that makes Selenium smarter, to help organizations find real bugs faster.

October 01, 2019

Micro Focus announced the general availability of Deployment Automation 6.3, offering new deployment improvements for its Release Orchestration solution set.

October 01, 2019

Compuware announced enhancements to Topaz for Total Test and a partnership with OpenLegacy to help large enterprises speed mainframe software development and delivery while improving quality.

September 30, 2019

Deque Systems announced Axe Pro, a key addition to Axe, the web accessibility testing browser extension.

September 30, 2019

NIIT Technologies and mabl, Inc announced a partnership to deliver AI-driven automated solution for faster, economical and better application testing services.

September 30, 2019

Rockset announced the capability to analyze raw events from Apache Kafka in real time.