Goldman Sachs Backs Harness With $240M Round: Here's Why This DevOps Play Matters

robot
Abstract generation in progress

The Funding Details

Harness, the AI-powered software delivery platform, just closed a substantial $240 million Series E round, with Goldman Sachs Alternatives leading the charge with a $200 million check. The round also included a $40 million tender offer backed by IVP, Menlo Ventures, and Unusual Ventures, valuing the company at $5.5 billion. This injection of capital signals strong confidence in Harness’ vision to transform how engineering teams ship code.

What’s Driving Growth

The numbers tell an interesting story. Harness is on pace to hit $250 million in annual recurring revenue by 2025—a growth trajectory featuring over 50% year-over-year expansion. With more than 1,000 enterprise engineering teams relying on the platform and a global workforce of 1,200+ spanning 14 offices, the company has scaled into one of the more notable players in the DevOps space.

The AI Angle

Beyond the financing headlines, Harness is channeling fresh capital toward Harness AI, a product designed to eliminate workflow bottlenecks and enable engineering teams to operate at peak efficiency. The funding will also bolster platform enhancements and fuel international expansion, all aimed at making software delivery faster, safer, and more reliable.

What This Means

When a heavyweight like Goldman Sachs Alternatives writes a nine-figure check, it’s worth paying attention. For Harness, this validates the market’s appetite for intelligent DevOps tooling. As enterprises wrestle with speed, security, and complexity in software delivery, platforms addressing those pain points are positioned to capture meaningful value.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)