The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, announced the graduation of Dapr.
Harness Raises $230 Million in Series D Funding
April 27, 2022
Harness closed $230 million in new financing at a valuation of $3.7 billion, more than doubling its valuation since its last financing round in January 2021.
Norwest Venture Partners led the Series D round, with new investors J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners and all existing investors participating, including ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV (formerly Google Ventures), Sorenson Capital, Thomvest Ventures and Silicon Valley Bank. The round includes $175 million in equity and $55 million in debt financing. Harness will use the new funding infusion to continue to grow its world-class talent across the company and further expand the Harness Software Delivery Platform.
"Today's milestone funding round and Harness's rapidly rising valuation is only possible because of our incredible, delighted customers," said Jyoti Bansal, Harness CEO and cofounder. "In today's software-fueled economy, enterprises rely on their software development teams to innovate quickly. We will continue to provide developer teams with the complete software delivery solution they need to deliver innovative, secure software at scale while delivering the developer experience leading teams require."
"Every company has now become a software company. But building and deploying software is still way too cumbersome. When we first partnered with Harness last year, Jyoti and the team had an ambitious vision to automate and streamline every step of this software delivery lifecycle," said Rama Sekhar, Partner at Norwest Venture Partners. "Since then, they have over-delivered on that plan, and have expanded it to new areas like cloud cost optimization and security ..."
Harness's mission is to enable every one of the 27 million software developers in the world to deliver code to their end users quickly, securely, reliably and efficiently while dramatically improving the developer experience.
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