Harness Revenue, Valuation, Funding & Investors

Harness is valued at $5.5B as of December 2025, a 22.0x revenue multiple. Harness revenue was $250M, as disclosed with its latest round.

Last Harness valuation

$5.5B

Series E · Dec 2025

Last Harness funding round

$200M

Series E · Dec 2025

Harness revenue

$250M

Series E · Dec 2025

Key investors in Harness

  • Menlo Ventures
  • Norwest
  • IVP
  • Unusual Ventures
  • BIG Labs
  • GV

Harness Overview

About Harness

Harness is a San Francisco software company that sells an AI-assisted software delivery platform covering continuous integration, continuous delivery, feature flags, security testing, cloud cost management and reliability testing. It was founded in 2017 by Jyoti Bansal, who previously created AppDynamics, and launched with backing from his startup studio BIG Labs and Menlo Ventures. The platform is used by engineering teams at large enterprises to build, test, deploy and verify applications. Harness raised a 60 million dollar Series B in 2019, a 115 million dollar financing in January 2021 at a 1.7 billion dollar valuation, a 230 million dollar Series D in April 2022 at 3.7 billion dollars, and a 240 million dollar Series E in December 2025 led by Goldman Sachs Alternatives at 5.5 billion dollars. It has grown through acquisitions including Drone.io, Split Software, Traceable, Qwiet, Codecov and DeepSource.


Founded

2017

HQ

United StatesSan Francisco, CA

Website

harness.io

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$250M (Dec 2025)

Valuation

$5.5B (Dec 2025)

Harness Valuation

Harness is currently valued at $5.5B, based on its Series E in December 2025. Read the announcement ↗

The $200M round was led by Goldman Sachs.

Harness' valuation has grown 11x from $500M at its Series B in April 2019 to $5.5B in December 2025, across 5 priced rounds.

Harness valuation by funding round

Revenue multiple
Harness valuation by funding round
DateStageValuationRevenue Multiple
Dec 2025Series E$5.5B22.0x
Apr 2022Series D$3.7B-
Jan 2021Series C$1.7B-
Jan 2021Series B$1.7B-
Apr 2019Series B$500M-

Harness Revenue

Harness' latest recorded revenue is $250M, as of its Series E in December 2025. At a $5.5B valuation, that implies a 22.0x revenue multiple.

Harness revenue by funding round

Harness revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Dec 2025$250M$5.5B22.0xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Harness Funding History

Harness has raised a total of $570M across 6 funding rounds.

Harness' first fundraising round was a $20M Series A in October 2017. The most recent completed round was a $200M Series E in December 2025.

Harness funding rounds

Harness funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Dec 2025Series EGoldman Sachs (lead)$200M$5.5BHarness, an AI-native Software Delivery Platform company founded in 2017 by Jyoti Bansal, announced a $240 million Series E financing round on December 11, 2025, comprising a $200 million primary investment led by Goldman Sachs Alternatives and a planned $40 million tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures. The round values Harness at a $5.5 billion post-money valuation, up 49% from its $3.7 billion valuation in a $230 million round in April 2022, bringing total equity raised to $570 million. Proceeds will accelerate Harness AI development, platform expansion including automated testing, deployment, and security capabilities, hiring hundreds of engineers in Bengaluru, strengthening U.S. go-to-market operations, and expanding internationally across 14 offices with a 1,200+ employee team. Harness is on track to exceed $250 million in annual recurring revenue (ARR) in 2025, reflecting over 50% year-over-year growth. The platform has powered significant scale, including 128 million deployments, 81 million builds, 1.2 trillion API calls protected, and $1.9 billion in cloud spend optimization delivered to customers over the last 12 months. Trusted by over 1,000 enterprise engineering teams across North America, EMEA, and APAC, including United Airlines and Choice Hotels, Harness enables up to 75% faster releases, 60% cloud cost reductions, and 10x DevOps efficiency. The funding underscores strong market demand for unified AI platforms addressing 'everything after code' in DevOps, security, and cloud optimization. Harness has earned recognition on lists like Forbes Cloud 100, Fast Company’s Best Workplaces for Innovators, and Inc. Magazine Power Partners. CEO Jyoti Bansal indicated plans for an eventual IPO when market timing aligns, citing healthy business metrics with high growth and margins.
Apr 2022Series DNorwest (lead)$175M$3.7BHarness, a San Francisco-based modern software delivery platform company founded in 2017 by Jyoti Bansal, automates and streamlines the software delivery lifecycle, including continuous integration/continuous delivery (CI/CD), cloud cost optimization, and security features. The platform targets enterprises needing to innovate quickly with secure, scalable software development. On April 26, 2022, Harness closed a $230 million Series D funding round at a $3.7 billion post-money valuation, more than doubling its prior valuation from January 2021. The round comprised $175 million in equity led by Norwest Venture Partners, with participation from new investors J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, and Harmonic Growth Partners, plus all existing investors including ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures, and Silicon Valley Bank. An additional $55 million came via debt financing. Proceeds funded expansion of the Harness Software Delivery Platform, world-class talent growth (employee count nearly tripled to 700 in the prior year), and scaling operations amid rapid customer adoption. This followed a $115 million Series C in January 2021. One source mentioned potential valuation up to $3.2 billion if all Series D shares issued and a $25.1067 share price, but official announcements confirmed $3.7 billion. Subsequent developments included a $240 million Series E in late 2025 at $5.5 billion valuation and plans for AI enhancements, but the 2022 Norwest-led round marked a key growth milestone.
Jan 2021Series CAlkeon Capital (lead); Scale-Up; Battery Ventures; Norwest; Sorenson Capital; BAM Elevate; Citi Ventures; Thomvest Ventures$85M$1.7BHarness, a San Francisco-based software delivery platform founded by AppDynamics alum Jyoti Bansal, raised $115 million in new financing on January 14, 2021, achieving a $1.7 billion post-money valuation. The round comprised an $85 million Series C led by Alkeon Capital with participation from new investors Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures, plus a $30 million Series B-1 from existing backers Menlo Ventures, IVP, and Unusual Ventures, bringing total funding to $195 million. The capital supports engineering team expansion, global growth, and platform enhancements including AI-driven continuous delivery, cloud cost management, and upcoming modules for continuous integration and features. The company reported strong momentum with revenue growing almost 3x in 2020 per CEO Jyoti Bansal and annual recurring revenues more than doubling alongside a 249% increase in customer adoption, though exact figures undisclosed. Harness powers deployments for enterprises like AWS and Cisco, with strategic partnerships across 18 countries and integrations with Google Cloud, AppDynamics, and HashiCorp. It was named an IDC Innovator and ranked #6 on Glassdoor's Best Places to Work for 2021. This funding marked Harness as a unicorn just three years post-stealth, following a $60 million Series B at $500 million valuation in 2019. The DevOps market, projected by IDC to reach $15 billion by 2023, validates the platform's focus on self-service, script-free, GitOps-native tools amid rising demand for developer productivity. Post-round, Harness acquired Drone.io and launched initiatives like Kubernetes optimization, saving one customer $2.92 million in five months.
Jan 2021Series BIVP (lead); Menlo Ventures (lead); Unusual Ventures (lead); The Syndicate Group$30M$1.7BHarness announced on 14 January 2021 that its $115 million financing included a $30 million Series B-1 round, led by existing investors Menlo Ventures, IVP and Unusual Ventures. The round sat alongside an $85 million Series C led by Alkeon Capital, and together they valued the company at $1.7 billion, three years after it emerged from stealth. With the financing Harness had raised $195 million in total. The company said it would use the funds to grow its engineering team, support global expansion and extend its intelligent software delivery platform. Harness was founded in 2017 by Jyoti Bansal, who earlier created AppDynamics, and sells a platform that automates the building, testing, deployment and verification of software for engineering teams.
Apr 2019Series BGV (lead); IVP (lead); Menlo Ventures; ServiceNow Ventures; BIG Labs; Unusual Ventures$60M$500MHarness is a San Francisco-based company providing the industry's first Continuous Delivery-as-a-Service platform, using machine learning to detect deployment quality and automatically roll back failures, serving enterprise customers like NCR, Kohl's, Discover Financial, Nationwide Insurance, and McAfee. On April 23, 2019, Harness raised $60 million in a Series B funding round led by IVP and GV (formerly Google Ventures), with participation from existing investors Big Labs, Menlo Ventures, and Unusual Ventures, bringing total funding to $80 million. The round was completed at a $500 million valuation. The funding was intended to expand the platform and address additional DevOps challenges beyond continuous delivery. At the time, Harness had grown from 25 employees at its 2017 launch to 100 employees and secured 50 enterprise customers including Home Depot, Santander Bank, and McAfee. Later developments included further funding rounds, such as an $85 million Series C in January 2021 at $1.7 billion valuation and a $230 million Series D in April 2022 at $3.7 billion valuation, reflecting continued growth in the software delivery and DevOps automation market.
Oct 2017Series ABIG Labs (lead); Menlo Ventures (lead)$20M-Harness is an AI-native software delivery platform company focused on continuous delivery-as-a-service, DevOps automation, and tools for building, testing, and deploying software faster and more securely. Founded to address inefficiencies in software delivery pipelines, it provides features like automated testing, security, cloud cost optimization, and AI-driven insights, serving over 1,000 enterprise customers including JPMorgan Chase, Citigroup, United Airlines, and Choice Hotels. In October 2017, Harness raised $20 million in its Series A round led by BIG Labs and Menlo Ventures. The funding was used to build the core continuous delivery-as-a-service platform and fuel initial product development and launch. This marked one of the company's earliest funding rounds, with Menlo Ventures providing ongoing support across multiple subsequent rounds. The company has since scaled significantly through additional rounds: a $60 million Series B in April 2019 led by Google Ventures and IVP; a $30 million Series B extension in January 2020 with IVP, Menlo Ventures, and Unusual Ventures; an $85-115 million Series C in January 2021 led by Alkeon Capital with broad participation; a $175 million Series D in April 2022 led by Norwest Venture Partners at a $3.7 billion valuation; $55 million debt in April 2022; $150 million debt in May 2024 from Silicon Valley Bank and Hercules Capital; and a $240 million Series E in December 2025 led by Goldman Sachs Alternatives at $5.5 billion post-money, including a $40 million tender offer. Traction metrics from later periods show strong growth, with projected ARR exceeding $250 million in 2025 (50%+ YoY), 128 million deployments, 81 million builds, 1.2 trillion API calls protected, and $1.9 billion in cloud spend optimization over the last 12 months as of late 2025. Harness has expanded to over 1,200 employees across 14 offices globally, emphasizing R&D, AI enhancements, engineering hires (especially in Bengaluru), and go-to-market efforts.

Who has invested in Harness?

16 investors have backed Harness across its funding rounds, including Menlo Ventures, Norwest, IVP, Unusual Ventures, BIG Labs and GV.

Lead investors include Goldman Sachs, Norwest, Alkeon Capital, IVP, Menlo Ventures and 3 other investors.


Harness Investors

Investors in Harness by funding rounds participated
InvestorHQRoundsRoleFirst check
Menlo VenturesUnited StatesMenlo Park, CA3LeadOct 2017
IVPUnited StatesMenlo Park, CA2LeadApr 2019
NorwestUnited StatesMenlo Park, CA2LeadJan 2021
BIG LabsUnited StatesSeattle, WA2LeadOct 2017
Unusual VenturesUnited StatesSan Francisco, CA2LeadApr 2019
Scale-UpUnited StatesSan Francisco, CA1ParticipantJan 2021
ServiceNow VenturesUnited StatesSanta Clara, CA1ParticipantApr 2019
GVUnited StatesSan Francisco, CA1LeadApr 2019
Battery VenturesUnited StatesBoston, MA1ParticipantJan 2021
Goldman SachsUnited StatesNew York City, NY1LeadDec 2025
Sorenson CapitalUnited StatesSalt Lake City, UT1ParticipantJan 2021
BAM ElevateUnited StatesNew York City, NY1ParticipantJan 2021
Citi VenturesUnited StatesSan Francisco, CA1ParticipantJan 2021

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Acquisitions by Harness

Harness has acquired 14 companies to date.

Last acquisition by Harness was on October 8th 2026. Harness acquired Augment Code (Cosmos, Auggie CLI and Code Context Engine assets unit) for undisclosed valuation.


Latest Acquisitions by Harness

Augment Code (Cosmos, Auggie CLI and Code Context Engine assets unit)
DeepSource
Codecov
Qwiet
Description
Augment Code (Cosmos, Auggie CLI and Code Context Engine assets unit) is the product business of Augment Code covering Cosmos, the Auggie command-line tool, the Code Context Engine and related technology. Cosmos is a software factory that runs fleets of agents which plan changes, write code and tests and open pull requests in isolated virtual machines, with engineers approving designs and final merges. The Code Context Engine maintains a live map of a codebase so that generated changes fit existing architecture. Harness acquired these assets in October 2026, and the team behind them joined Harness, which renamed Cosmos the Harness Cosmos Software Factory Agent.
DeepSource is a San Francisco-headquartered DevSecOps platform that secures software development through static analysis, SAST, and open-source vulnerability scanning. Trusted by more than 6,000 organizations including Fortune 500 firms like Salesforce and startups, it automates code reviews across 20 languages. Founded in 2019, DeepSource integrates with GitHub, GitLab, and CI/CD pipelines to detect issues early, reducing remediation time by 70 percent. The platform covers 3,000 security rules and supports teams shipping secure code daily.
Codecov is a Vienna-headquartered code coverage analytics platform integrating with GitHub, Bitbucket, and GitLab. It delivers syntax-highlighted reports, graphs, comments, and badges for multi-language projects, supporting teams in maintaining test coverage during CI/CD pipelines.
Qwiet is a Palo Alto-headquartered provider of AI-driven application security testing platforms. Rebranded from ShiftLeft on July 26, 2023, the company scans code for vulnerabilities during development, prioritizing risks without extending cycle times. Qwiet integrates with CI/CD pipelines to deliver actionable remediation guidance for DevSecOps teams.
HQ Country-United StatesUnited StatesUnited States
HQ City
-
San Francisco, CA
-
San Jose, CA
Deal Date8 Oct 20269 Sep 20261 Jun 202626 Sep 2025
Valuationundisclosedundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Harness Competitors

Harness competitors include listed companies like MongoDB, Cloudflare, Wangsu and Applied Digital, and private ones like CloudBees and team.blue.

Public and private companies comparable to Harness
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
CloudBeesUnited StatesSan Jose, CAPrivate$150M-$1.1B7.7x
MongoDBUnited StatesUnited StatesPublicly listed$2.5B($104M)$28B9.0x
CloudflareUnited StatesUnited StatesPublicly listed$2.2B($25M)$100B36.0x
team.blueBelgiumGhentPrivate$862M-$5.5B6.4x
WangsuChinaChinaPublicly listed$700M$139M$5.4B5.7x
Applied DigitalUnited StatesUnited StatesPublicly listed$611M($85M)$5.4B14.7x

Harness Public Comps

Harness is still privately-owned, but its public comps include Wangsu, Applied Digital, IONOS Group, Box, United Internet, GDS Holdings, Computacenter, Fastly, Nextdc and Sinch.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Wangsu$700M$139M6.3x5.7x31.7x27.2x
Applied Digital$611M($85M)18.2x14.7x(131.4x)53.8x
IONOS Group$1.5B$507M4.2x3.9x12.2x10.7x
Box$1.2B$124M5.6x5.2x52.7x16.7x
United Internet$6.8B$1.5B1.3x1.3x6.3x5.9x
GDS Holdings$1.7B$889M5.7x5.3x11.1x11.3x
Computacenter$12B$438M0.5x0.4x15.4x10.2x
Fastly$624M($41M)6.0x5.2x(91.5x)29.4x

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Common questions about Harness

When was Harness founded?Harness was founded in 2017.
Where is Harness headquartered?Harness is headquartered in San Francisco, CA, United States.
Is Harness publicly listed?No, Harness is a private, VC-backed company.
What is Harness' valuation?Harness was last valued at $5.5B in its Series E in December 2025.
How much funding has Harness raised?Harness has raised $570M across 6 funding rounds.
What was Harness' last funding round?Harness' last funding round was a $200M Series E in December 2025, led by Goldman Sachs.
Who are Harness' investors?Harness' investors include Menlo Ventures, IVP, Norwest, BIG Labs, Unusual Ventures, Scale-Up, ServiceNow Ventures, GV, Battery Ventures, Goldman Sachs and 6 others.
What is Harness' revenue?Harness' latest recorded revenue is $250M (December 2025).
What is Harness' revenue multiple?Harness' latest valuation implies a 22.0x revenue multiple ($5.5B valuation on $250M of revenue).
Which companies are comparable to Harness?Companies comparable to Harness include CloudBees, MongoDB, Cloudflare, team.blue, Wangsu and Applied Digital.
How many companies has Harness acquired?Harness has acquired 14 companies, including Augment Code (Cosmos, Auggie CLI and Code Context Engine assets unit), DeepSource, Codecov, Qwiet and Traceable.
What was the largest acquisition by Harness?The $7M acquisition of Armory in January 2024 is the largest acquisition Harness has made to date.

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