Harness Secures $240M Series E to Accelerate AI-Powered Software Delivery Platform

Harness, a leading AI software delivery platform, has successfully closed a substantial $240 million Series E financing, marking a significant milestone in its growth trajectory. The round comprises a $200 million primary investment led by Goldman Sachs Alternatives, coupled with a $40 million secondary tender offer involving participation from prominent venture firms IVP, Menlo Ventures, and Unusual Ventures.

The financing values the company at $5.5 billion, underscoring strong investor confidence in its market position and business model. This capital influx reflects the increasing demand for intelligent automation in software delivery and deployment processes across enterprise organizations.

Strategic Capital Deployment and Market Expansion

Harness plans to leverage the newly secured funding across multiple strategic initiatives. The company will prioritize platform enhancements, particularly around its AI capabilities designed to eliminate workflow bottlenecks and empower engineering teams with greater efficiency. Additionally, significant resources will be allocated toward aggressive global expansion and strengthening market presence across key regions.

The capital will also fuel development of advanced AI features within the Harness ecosystem, enabling engineering teams to streamline processes and deliver software with enhanced speed and reliability. These capabilities position the company to address critical pain points in modern software development workflows.

Impressive Growth Metrics and Market Penetration

The company’s trajectory demonstrates remarkable commercial traction. Harness is on pace to surpass $250 million in annual recurring revenue throughout 2025, representing a robust year-over-year growth rate exceeding 50%. This performance indicates sustained demand for its platform among enterprise clients.

The user base has expanded significantly, with 1,000+ enterprise engineering teams now relying on Harness for their software delivery operations worldwide. Supporting this growth, the company has scaled its workforce to 1,200+ employees distributed across 14 global offices, enabling localized support and accelerated market penetration.

These metrics underscore Harness’s position as a critical infrastructure provider for modern software development organizations seeking to optimize delivery pipelines and enhance operational efficiency through AI-driven solutions.