Venture Capital News: Harness Inks $115M in Series B-1 and C Rounds
SAN FRANCISCO, CA, Harness has raised $115 million in financing, reaching a valuation of $1.7 billion in just three years after launching from stealth.
Harness, the leading platform for software delivery, today announced that it has raised $115 million in financing, reaching a valuation of $1.7 billion in just three years after launching from stealth. Alkeon Capital led a $85 million Series C round, along with new investors Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures. The total funding includes a $30 million Series B-1 funding round, led by existing investors Menlo Ventures, IVP, and Unusual Ventures. With a total of $195 million in financing to date, Harness will use the funding to grow its world-class engineering team, support global expansion plans, and extend its intelligent software delivery platform vision.
Harness is the only end-to-end platform for intelligent software delivery designed to provide a simple, safe and secure way for engineering and DevOps teams to release applications into production. Harness uses machine learning to detect the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripting and manual oversight. Harness customers include NCR, Kohl's, Discover Financial, Nationwide Insurance and McAfee.
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