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Harness raised $150 million in financing from Silicon Valley Bank and Hercules Capital to accelerate platform innovation

May 14, 2024over 1 year ago

Amount Raised

$150 Million

information technology & services

Investors

Hercules Capital, Inc.Silicon Valley Bank

Description

Harness, the Modern Software Delivery Platform® company, has announced the closing of $150 million in financing from Silicon Valley Bank (SVB) and Hercules Capital, Inc.

Company Information

Company

Harness

Location

55 Stockton St

About

Harness is a technology company that provides an AI-driven software delivery platform designed to automate and simplify the software development lifecycle (SDLC). Founded in 2017, Harness aims to empower software engineering teams globally to deliver code faster and with higher quality through AI automation and self-service capabilities. The company offers a comprehensive Software Delivery Platform that includes features such as Continuous Integration and Continuous Delivery (CI/CD), AI-powered automation, cloud cost management, feature flags, and security compliance. Harness supports both cloud and on-premise projects, enabling teams to optimize their software delivery processes. The platform is tailored for organizations of all sizes, with multiple editions to meet varying needs, from small teams to large enterprises. Harness is focused on enhancing developer productivity and streamlining onboarding with tools like remote development environments. The company is rapidly growing and aims to disrupt the software delivery market by integrating AI into DevOps workflows, ultimately helping teams ship code more efficiently and securely.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech