Progress announced the Q4 2024 release of its award-winning Progress® Telerik® and Progress® Kendo UI® component libraries.
Harness Raises $115 Million in Series C Financing
January 14, 2021
Harness 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.
Since 2017, Harness' vision has been to create such a software delivery platform: based on empowering developers with self-service and intelligent automation so they can simplify how they build, test, deploy, and optimize code.
"Our goal is to create an intelligent software delivery platform that allows every company in the world to become as good in software delivery as the likes of Google and Facebook," said Jyoti Bansal, CEO and co-founder of Harness. "Our investors believe strongly in our vision of an end-to-end platform for software delivery, and we look forward to partnering with these leading investment firms as we build Harness into the next major software company."
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