Development is one of the most important parts of any business, especially when it comes to technology and software. That’s why DevOps solutions are so valuable, and it’s the same reason so many eyes are on Harness. Harness uses AI to simplify the DevOps process. Users will find continuous delivery, continuous integration, and cloud cost management among the reasons to use this powerful software delivery platform. To learn more about Harness and what it offers, check out the announcement below.
SAN FRANCISCO – April 26, 2022 – Harness, the modern software delivery platform company, today announced that it has closed $230 million in new funding at a valuation of $3.7 billion, doubling its valuation since its last funding round in January 2021. Norwest Venture Partners led the Series D round, with new investors JP Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners and all existing investors participating, including ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV (formerly Google Ventures), Sorenson Capital, Thomvest Ventures, and Silicon Valley Bank. The round includes $175 million in equity and $55 million in debt financing. Harness will use the new funding injection to continue to develop its world-class talent across the company and further develop the Harness software delivery platform.
“Today’s funding round and Harness’ rapidly rising valuation is only possible because of our amazing and thrilled customers,” said Jyoti Bansal, CEO and Co-Founder of Harness. “In today’s software-driven economy, companies rely on their software development teams to innovate quickly. We will continue to provide developer teams with the complete software delivery solution they need to deliver innovative and secure software at scale while providing the development experience that leadership teams need.
“Every company has now become a software company. But building and deploying software is still far too cumbersome. When we first partnered with Harness last year, Jyoti and the team had an ambitious vision to automate and streamline every step of this software delivery lifecycle,” said Rama Sekhar, Partner at Norwest Venture Partners. “Since then, they have moved beyond that plan and expanded it into new areas such as cost optimization and cloud security. We are excited to double down on our partnership with the world-class team at Harness as they are building The Modern Software Delivery PlatformTM.
“ServiceNow is thrilled to continue supporting Harness in executing its mission of simplifying software delivery to create the seamless digital experiences that customers and employees expect, now more than ever,” said Philip Kirk, vice- president of business development at ServiceNow. “Smart platforms like Harness are solving key challenges for Enterprise DevOps teams and we look forward to expanding our collaboration.”
Harness’ mission is to enable each of the world’s 27 million software developers to deliver code to their end users quickly, securely, reliably, and efficiently while dramatically improving the developer experience. The funding round follows a year of major achievements across the company, including:
About the harness
Harness, the Modern Software Delivery PlatformTM, gives engineering and DevOps teams a simple, safe, and secure way to quickly release applications to production. Harness uses machine learning to detect the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripts and manual monitoring, allowing engineers to recoup their weekends. ends. Harness Inc. is based in San Francisco. More on Twitter @harnessio and to harness.io.
the original ad can be found on Harness’ blog.