(Left-Right) Harness CEO Jyoti Bansal and Chief Revenue Officer Jason Eubanks image: Harness

Harness – a DevOps startup founded and led by Jyoti Bansal, notably the former CEO and founder of app monitoring company AppDynamics which sold to Cisco for $3.7 billion in 2017 — has raised $60 million Series B funding led by Alphabet’s GV, IVP, and ServiceNow Ventures, with participation from existing investors Menlo Ventures and Unusual Ventures (a VC firm co-founded by Bansal).

The company was valued at $500 million with this round according to a Techcrunch piece. Harness has now raised some $80 million in total funding according to Crunchbase data. The company says it’ll make use of this new funding to expand investment in R&D and scale is engineering, sales, and customer success teams. Since launch, Harness has attracted customers like SoulCycle, Bank of Santander, Home Depot, McAfee, and Beachbody.

image: Harness

In simple terms, Harness makes of machine learning and AI to automate software deployments and also check for defaults for companies. The company claims its customers have reduced software deployment-related errors by 95-99% and have seen a 3-4x increase in DevOps team efficiency.

“We were not actively seeking new investment at this point, but our strong market traction created heavy investor interest in Harness, resulting in a fast-moving and heavily oversubscribed Series B round,” CEO Jyoti Bansal said in a press release. “We are thrilled to partner with world-leading investment and technology firms — IVP, GV, and ServiceNow — as we continue to build Harness into the next major software platform company.” He said.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print