Harness, the AI-driven software delivery platform founded by serial entrepreneur Jyoti Bansal, has closed a $240 million Series E, pushing its valuation to $5.5 billion.
The company expects to surpass $250 million ARR in 2025, signalling one of the strongest growth trajectories in the DevOps ecosystem.
New Investors And Liquidity For Long-Term Employees
The round includes $200M in primary capital led by Goldman Sachs, alongside a $40M tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures.
The tender offer gives long-standing team members partial liquidity—something Bansal said was a key goal as Harness grows toward an eventual public listing.
This new valuation represents a 49% leap from the company’s last fundraise in 2022.
Advertisement
AI Is Speeding Up Coding — And Exposing A Much Larger Problem
As generative AI accelerates how fast developers write code, it’s creating a massive bottleneck in what happens after code is written: testing, verification, security checks, governance, infrastructure configuration, and deployment.
This “after-code” workload consumes nearly 70% of engineering time in large organizations.
Harness aims to automate that entire layer.
The platform uses AI agents to handle tasks across software delivery pipelines, powered by a software delivery knowledge graph that maps relationships between code changes, services, deployments, tests, incidents, environments, policies, and cloud costs.
According to Bansal, this knowledge graph gives Harness an edge because it gives the AI precise, contextual understanding of each enterprise’s architecture and operational requirements.
Human Oversight Built In
AI-generated tests, fixes, or pipeline adjustments are never deployed blindly.
Harness includes review steps for engineers, auditors, and compliance teams to ensure accuracy and safety—particularly important for highly regulated enterprises.
The platform competes with GitHub, GitLab, Jenkins, and CloudBees, but has already earned strong traction with 1,000+ enterprise customers, including United Airlines, Morningstar, Keller Williams, and National Australia Bank.
Scaling To Meet Enterprise Demand
Harness reports notable milestones:
- 128M deployments orchestrated
- 81M builds processed
- 1.2T API calls secured
- $1.9B in cloud spend optimized in the last year
The company now employs 1,200+ people across 14 offices. Nearly one-third of its team is based in India, where its Bengaluru engineering hub has become its largest development center outside the U.S.
Funding To Accelerate Global Expansion
The Series E will support:
- Expanding R&D and AI accuracy
- Hiring “hundreds” of engineers in Bengaluru
- Advancing automated testing, deployment, and security capabilities
- Strengthening U.S. sales operations
- Growing international market presence
Harness also absorbed Bansal’s previous startup, Traceable, earlier in 2025—combining DevOps and application security into a single platform. Bansal says this merger has meaningfully boosted projected ARR.
IPO Still On The Horizon
While the new round enables some liquidity for employees, Bansal reiterated that an IPO remains the long-term plan.
“Our business fundamentals are strong—high growth, high margins. When the market timing aligns, Harness will be ready,” he said.
