Harness, an AI-focused software delivery platform founded by Jyoti Bansal, has raised $240 million in a Series E financing round led by Goldman Sachs Alternatives, valuing the company at $5.5 billion. The round includes $200 million in primary capital and a planned $40 million tender offer, with participation from existing investors IVP, Menlo Ventures, and Unusual Ventures. The financing reflects rising enterprise demand for tools that manage the growing complexity of software delivery as AI accelerates code generation.
Founded to address the gap between rapid development and reliable deployment, Harness focuses on automating the post-code stages of the software lifecycle, including testing, security, compliance, and release management. As AI enables teams to produce software faster, enterprises are facing mounting operational strain to deploy and maintain systems safely at scale. Harness positions itself at that inflection point, applying automation and intelligence to reduce risk and friction once code moves into production.
The new capital will support continued development of Harness AI, which integrates specialized AI agents, a software delivery knowledge graph, and an enterprise orchestration engine designed to operate with organizational context. Bansal said, “Our customers are moving faster than ever with AI, but the delivery process is where complexity and risk pile up. Harness is leading the way in bringing clarity, automation, and control to this part of the lifecycle so teams can ship software quickly, safely, and reliably at scale.”
Harness reports more than 1,000 enterprise customers globally and expects to surpass $250 million in annual recurring revenue in 2025, driven by adoption across North America, EMEA, and APAC.
