Harness, a leader in software delivery solutions, has successfully raised $240 million in Series E funding, pushing its post-money valuation to an impressive $5.5 billion. This new infusion of capital will supercharge its research and development (R&D) initiatives. Doing so will enhance its automated testing and deployment capabilities, as well as improve the accuracy of its artificial intelligence (AI) systems.
The capital will mostly fund the expansion of Harness’s development operations based in its Bengaluru office. The company plans to hire at least 750 engineers to continue this rapid growth. This move is the latest sign of the company’s priorities on building their technical, specialized workforce, particularly within the cloud domain.
Harness has received a lot of buzz lately for its innovative approach to helping companies deploy code faster and more efficiently. The company has grown to an impressive 128 million deployments and 81 million builds. On top of that, they’ve further secured an astonishing 1.2 trillion API calls. Over the last year, it has enabled users to better manage an astounding $1.9 billion in cloud expenditures. This in turn puts on full display its potency in the sector.
Harness is now in the process of shoring up its go-to-market operations, including ramping up for its U.S. Simultaneously, it intends to grow its footprint in markets abroad. This dual strategy, they believe, will make it even more competitive and more accessible to a wider range of short-haul, long-distance, and commuter customers.
“That’s what our goals and plans depend on.” – Jyoti Bansal
Harness’s founder and CEO, Jyoti Bansal, said that such funding efforts are critical to realizing their strategic goals. The company is committed to growing its R&D muscle. This commitment will fuel innovation and allow it to further power innovation to better serve clients’ changing needs in an increasingly fast-paced and technology-focused industry.
Along with making current systems better, Harness’ top priority is building out brand new capabilities marrying DevOps with application security. Bansal noted the increasing convergence between these two areas, stating:
“We brought the two companies together because we started to see that DevOps and application security are coming together in a very, very deep way.” – Jyoti Bansal
Harness has more than 1,200 employees in 14 offices worldwide. Currently, 32% of these gifted people call India home. This deep and diverse talent pool underscores the company’s global approach to innovation and service delivery.
From a technological standpoint, Harness wants to continue to improve our AI capabilities. The company is deepening the knowledge graph that underpins its AI agents. Doing this will enable users to make more informed decisions. Bansal commented on this development:
“This knowledge graph is the context that our AI agents use.” – Jyoti Bansal
Having raised a total of $570 million in equity funding so far, Harness is set up for a bright future ahead. The company recently gained a larger financial windfall. This funding is to further support them to continue their momentum while competing in the fast-paced software delivery and cloud services industry.
