Automated CI/CD platform Harness raises $115 million at a $1.7 billion valuation

Harness, a continuous integration and delivery (CI/CD) platform for engineering and developer operations (DevOps) teams, has raised $115 million in funding across a series C and series B1 funding round. This values the San Francisco-based company at a $1.7 billion.

Founded in 2016, Harness offers what it calls “continuous delivery as-a-service,” using machine learning and AI techniques to automate software deployments, monitor their quality, and enable rollbacks when flaws are discovered. The company was cofounded by Jyoti Bansal, the founder and former CEO of app performance management platform AppDynamics, which Cisco bought in 2017 for $3.7 billion, and Rishi Singh, a former platform architect at Apple.

Harness’s raise builds on a growing momentum across the DevOps tools space of late, particularly in the CI/CD realm with the likes of GitLab continuing to raise bucketloads of cash ahead of a planned IPO in 2021 and Jfrog going public just a few months ago, while CircleCI last year raised $100 million.

Harness had raised $80 million before now, including its $60 million series B round co-led by Alphabet’s GV last year. It later increased this via a hitherto undisclosed $30 million “series B-1” round, and has now added $85 million via a follow-on series C round led by Alkeon Capital.


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