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."

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