Harness Raises $230 Million at $3.7 Billion Valuation

Harness is a software delivery platform provider. It is a Delivery-as-a-Service platform for engineering and DevOps teams to release applications into production. The platform can determine the impact of changes, prioritize what tests to run, automate verifications and cloud costs, etc. The Harness aim is to assist companies in their cloud initiatives acceleration.

The Series D funding round was led by Norwest Venture Partners. Among other participants were J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners, ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures and Silicon Valley Bank.

Harness, San Francisco, the USA, was founded by Jyoti Bansal, Rishi Singh in 2016. The new funding is going to be used for talent growth, as well as further platform expansion. Harness platform uses machine learning for quality of deployments detection, then failed ones are automatically rolled back. Consequently, it saves time and simultaneously reduces the need for manual oversight and custom scripting. Among the clients are eBay and Capital One. “Companies want and need, to innovate faster — to go from ideas to features in the hands of their users or customers, faster than their competition. Happy, productive software developers are the key to unlocking real innovation velocity,” Jyoti Bansal.

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