Overview
- The Series E comprises $200 million in primary capital led by Goldman Sachs plus a planned $40 million tender offer, lifting Harness’s valuation to $5.5 billion, up about 49% from 2022.
- Harness says it is on track to exceed $250 million in ARR in 2025 and now counts roughly $570 million in equity raised to date.
- Management plans to channel the funds into R&D, large engineering hires in Bengaluru, strengthened U.S. go-to-market efforts, and broader international expansion.
- The company pitches AI agents powered by a software delivery knowledge graph to automate testing, security, governance and deployments across the 'after-code' lifecycle, following its merger with Traceable earlier this year.
- Customers include United Airlines, Morningstar and National Australia Bank, with JPMorgan Chase and Citigroup described as both customers and investors, and the company cites partnerships with Anthropic, OpenAI, Google Gemini and AWS as it eyes an eventual IPO.