Harness, the AI-powered software delivery platform, has raised $240 million in a Series E financing round.
The funding includes a $200 million investment from Goldman Sachs Alternatives and a planned $40 million tender offer involving IVP, Menlo Ventures and Unusual Ventures, valuing the company at $5.5 billion amid rising demand for an AI-driven software delivery solution.
The investment will support the development of Harness AI, a system designed to streamline post-coding processes by eliminating downstream bottlenecks that slow engineering efforts.
By integrating specialised AI agents, contextual insights and reliable orchestration, the platform transforms software delivery workflows into an intelligent system that learns and adapts to engineering teams’ needs.
“The next frontier for AI in software engineering is applying intelligence to the delivery process, testing, verification, deployments, governance, and everything that happens after code is written,” Jyoti Bansal, co-founder and CEO of Harness, said.
According to the company, Harness AI is built on three core layers that transform the software development lifecycle through intelligent automation. First, purpose-built AI Agents streamline tasks across delivery, testing, verification, security, governance and operations, eliminating the need for manual coordination.
Next, the Software Delivery Knowledge Graph maps code changes, services, deployments, tests, environments, incidents, policies and cost signals, ensuring precise and trustworthy AI that aligns with each customer’s architecture. Lastly, the enterprise-grade orchestration engine effectively translates AI-driven insights into consistent automation across pipelines and environments, ensuring safe and predictable decision-making.
“Harness’ unified platform, combining AI, context, governance and security, is resonating with organisations redesigning their engineering systems for the AI era. Harness is helping shape the future of modern software delivery,” Beat Cabiallavetta, partner at Goldman Sachs Alternatives, said.
The company is set to surpass $250 million ARR in 2025, achieving over 50% year-over-year growth. In the past year, it powered 128 million deployments, 81 million builds, protected 1.2 trillion API calls, and optimised $1.9 billion in cloud spending for customers, as per an official statement.
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