Harness Inc., a software delivery startup that integrates artificial intelligence tools into DevOps workflows, today announced it has raised $240 million in a Series E funding round.
The round was comprised of a $200 million investment led by Goldman Sachs and a planned $40 million tender offer with participation from IVP, Menlo Ventures and Unusual Ventures. The investment values the company at $5.5 billion.
Although AI is transforming how developers write software, development is only the beginning of the software lifecycle. Most teams only spend a portion of their time on writing and iterating code, with the remaining time going to testing, deployment, security, compliance and optimization.
“The first 30% or so is the coding work. Once you finish writing the code, one small glitch in the code, or one bug, can bring the whole business down,” Harness co-founder and Chief Executive Jyoti Bansal told News in an interview. “But the next 70%, if you don’t remove the bottleneck, you really can’t deliver the code.”
The advent of AI tools has accelerated the production of code, sometimes as much as four times the volume. With the boost in the amount of code, it still means every line and update must be tested and validated. A gap between AI-driven productivity and the operations side of the equation has been slowly widening.
Harness built itself on the foundation of bringing intelligent automation to the software development lifecycle. This includes AI agents to perform delivery, testing, verification, security and governance. The company also developed a Software Delivery Knowledge Graph that provides unified context for mapping code changes, services and deployments makes AI actions more precise.
Tying it all together, the Harness uses an orchestration engine to provide consistent AI automation across developer work and environments.
In the past year, Harness has deepened its AI offerings by bringing agentic AI automation to every part of the software delivery process. It acquired Qwiet AI, a leader in agentic AI-powered vulnerability detection and merged with Traceable Inc., a developer cybersecurity company that protects, secures and tests APIs. These acquisitions have enhanced the company’s security automation, bringing providing intelligent capabilities for DevSecOps workflows.
“We are one of the only products in the market where DevOps and app security are so deeply integrated and built together,” Bansal said.
Harness said it’s on track to exceed $250 million annual recurring revenue in 2025, a jump of more than 50% year over year growth. In the past 12 months, the company has powered 128 million deployments, 81 million builds and protected 1.2 trillion application calls.
The company claims more than 1,000 enterprise customers across numerous industries, including United Airlines, Morningstar, Keller Williams and National Australia Bank.
“There’s AI for coding, and there’s AI for the 70% of tasks that happen after coding — and we are becoming the leading platform for AI for everything after code,” Bansal said.
Image: News/Microsoft Designer
Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.
- 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
- 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About News Media
Founded by tech visionaries John Furrier and Dave Vellante, News Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.
