Harness, a cloud-native software delivery platform, has secured $300 million in a new funding round led by Goldman Sachs, pushing its valuation to $5.5 billion. The round marks a significant milestone in the company’s growth trajectory under CEO Jyoti Bansal.
- Goldman Sachs led a $300 million funding round in Harness
- Company valuation reached $5.5 billion post-round
- Harness reported over 40% year-over-year revenue growth
- More than 500 enterprise customers across key industries
- CEO Jyoti Bansal has previously exited a startup to Cisco
- Company expects potential IPO within the next three years
Harness, a San Francisco-based software delivery platform, has closed a $300 million funding round led by Goldman Sachs, valuing the company at $5.5 billion. The investment underscores strong investor confidence in Harness’ vision to streamline application development and deployment for enterprise clients across global tech ecosystems. The round represents a substantial increase from Harness’ prior valuation of $2.5 billion, reflecting its rapid expansion in the DevOps and continuous integration/continuous deployment (CI/CD) market. The company has reported over 40% year-over-year revenue growth, with more than 500 enterprise customers, including Fortune 500 firms in financial services, healthcare, and retail. Jyoti Bansal, CEO and founder of Harness, previously built and exited AppDynamics to Cisco in 2017 just before the company’s planned IPO. His current strategy focuses on scaling Harness to support a public market debut, with leadership anticipating a potential initial public offering within the next three years. The new capital will be used to expand engineering teams, enhance AI-driven automation features, and strengthen international sales operations. The funding round also includes participation from existing investors such as Insight Partners and Accel, reinforcing the company’s strategic position in the cloud software infrastructure space. Market analysts note that Harness’ focus on intelligent, adaptive deployment pipelines positions it to capture growing demand for scalable, secure software delivery solutions amid rising enterprise digital transformation efforts.