Harness Raises $150 Million in New Financing
Investment from
"At Harness, we're building the next generation of intelligent tools and automation to supercharge developer productivity and reduce developer toil," said
This investment comes on the heels of a groundbreaking FY2024, which included expanding our executive team with top-tier talent, achieving strong revenue growth, and significantly enhancing our platform. Key milestones include:
- Experienced rapid Annual Recurring Revenue (ARR) growth, going from
$1M to more than$100M over the past five years. - Customers executed more than 44 million code deployments with the Harness platform in 2023, more than double the number of deployments completed in 2022.
- Broadened and evolved product offerings by adding 2,800+ new features and enhancements across the Harness platform.
- Introduced AIDATM, a new generative AI assistant integrated directly into all aspects of the Software Delivery Lifecycle.
- Launched four new product modules: Code Repository, Internal Developer Portal, Infrastructure as Code Management, and Software Supply Chain Assurance. These new modules join the existing eight offerings to deliver a powerful, seamlessly integrated software delivery platform. Each module is a best-in-class offering that can be tailored to an organization's specific use case and business needs.
- Added new enterprise customers, including Nike, NetApp, MorningStar, and Icelandair.
- Welcomed
Carlos Delatorre as Chief Revenue Officer andGleb Brichko as SVP of Marketing.
"With this latest financing, Harness can further strengthen and expand its market-leading end-to-end software delivery platform," said
"We are proud to begin our partnership with Harness in collaboration with SVB. Our flexible financing solution will support the Harness team as they continue to innovate and transform the software development industry," said
About Harness
Harness is the leading end-to-end platform for complete software delivery. It provides a simple, safe, and secure way for engineering and DevOps teams to release applications into production. Harness uses AI and machine learning to monitor the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripting and manual oversight, giving engineers their nights and weekends back. Harness customers accelerate deployments by up to 75%, reduce infrastructure costs by up to 60%, and decrease lead time for changes by up to 90%. Harness is based in
Please visit www.harness.io to learn more.
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SVB's Technology Corporate Banking Division works with some of the most innovative public and late-stage private companies in the
About
Contact: press@harness.io
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SOURCE Harness