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

February 26, 2020

Perforce Software released a free tool for organizations considering open source software - OpenLogic Stack Builder.

February 26, 2020

Applause announced a new partnership with Infosys to provide broader end-to-end digital experience testing services to clients.

February 26, 2020

RapidMiner announced the release of its platform enhancement, RapidMiner 9.6. This update prioritizes people – not technology – at the center of the enterprise AI journey, providing new, unique experiences to empower users of varying backgrounds and abilities.

February 25, 2020

JFrog announced the availability of the "JFrog Platform," a hybrid, multi-cloud, universal DevOps platform.

February 25, 2020

Nureva added new agile canvas templates to Span Workspace, including a heat map developed by Jeff Sutherland, the co-creator of Scrum and founder of Scrum Inc. and Scrum@Scale.

February 25, 2020

Agiloft announced the addition of its new Agiloft AI Engine, complete with prebuilt AI Capabilities for contract management and an open AI integration that allows customers to incorporate custom-built AI tools into the no-code platform.

February 24, 2020

Cloudify announced that its latest product update - Cloudify version 5 - features an Environment as a Service component, designed to achieve consistent delivery and management of hybrid-cloud services and network infrastructures across CI/CD pipelines - at scale.

February 24, 2020

Checkmarx announced new enhancements to its Software Security Platform to empower more seamless implementation and automation of application security testing (AST) in modern development and DevOps environments.

February 24, 2020

Rapid7 and Snyk announced a strategic partnership to deliver end-to-end application security to organizations developing cloud native applications.

February 20, 2020

The American Council for Technology and Industry Advisory Council (ACT-IAC), the premier public-private partnership dedicated to advancing government through the application of information technology, officially announced the release of the DevOps Primer.

It was produced through a collaborative, volunteer effort by a working group from government and industry, hosted by the ACT-IAC Emerging Technology Community of Interest (COI).

February 20, 2020

DLT Solutions, a subsidiary of Tech Data, launched the Secure Software Factory (SSF), a framework that provides the U.S. public sector with consistent development and deployment of high-quality, scalable, resilient and secure software throughout an application’s lifecycle.

February 20, 2020

Netography announced the general availability of the company’s Security Operations Platform.

February 19, 2020

Perfecto by Perforce announced its integration with Katalon Studio.

February 19, 2020

Radware announced the Alteon Cloud Control as part of its Alteon Multi-Cloud Solution designed to simplify the deployment of secured application delivery services across public and private cloud environments.

February 19, 2020

BluBracket introduced its product suite, a comprehensive security solution for code in the enterprise.