Harness Raises $115M at $1.7B Valuation to Support Global Expansion

by Jeremy Porr
January 14, 2021
harness funding san francisco
Photo: Harness

San Francisco-based software delivery platform Harness announced Thursday that it raised $115 million in new financing. The new funding is the combined total of the company’s $85 million Series C and a previously undisclosed $30 million Series B-1.

The latest round values the newly minted unicorn at a whopping $1.7 billion.

Harness aims to simplify the way developers build, test, deploy and optimize code through intelligent automation. The company’s continuous integration and delivery (CI/CD) platform uses machine learning and AI to automate software deployments.

The end-to-end solution monitors the quality of deployments and automatically rolls back those that have failed.

Harness will use the additional capital to support its global expansion plans and grow its engineering team. The 300-person company is now hiring across multiple departments, including marketing, finance and operations.

“Our goal is to create an intelligent software delivery platform that allows every company in the world to become as good in software delivery as the likes of Google and Facebook,” Jyoti Bansal, co-founder and CEO of Harness, said in a statement.

The company has kept busy throughout the pandemic. Last year, Harness announced its acquisition of Drone.io, an open-source container-native CI solution. The company also hosted its first industry event in October with a virtual conference attended by more than 4,000 software professionals.

Harness has raised $195 million in financing to date, according to the company.

The Series C round was led by Alkeon Capital. Additional investors Battery Ventures, Citi Ventures and Norwest Venture Partners participated in the round, among others.

Harness has a presence in several locations around the world as well as in the United States, including Boston, Dallas, Seattle and Washington, D.C.

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