Harness Raises $150 Million in Funding

by Kay Aloha Villamor in May 20th, 2024

Harness, a San Francisco, CA-based modern software delivery platform company, has raised $150 million in funding.  


The round was from Silicon Valley Bank (SVB) and Hercules Capital, Inc.  

Silicon Valley Bank (SVB), a division of First Citizens Bank, specializes in commercial and private banking for innovative industries like technology, life sciences, and venture capital. With deep sector expertise and over $200 billion in assets, SVB is committed to empowering dynamic clients with tailored financial solutions.  

Hercules Capital, Inc. is a provider of senior secured venture growth loans to high-growth, innovative companies in tech, life sciences, and sustainable industries. With over $20 billion committed to 650+ companies since 2003, Hercules is the preferred lender for entrepreneurs and venture capital firms seeking growth capital financing.  

Harness Use of Funds  

The investment will strategically support the expansion of the Harness platform, including the addition of new modules, further integration of generative AI, and additional investments in the company's go-to-market engine.  

About Harness  

Harness provides an end-to-end platform for complete software delivery. It provides a simple, safe, and secure way for engineering and DevOps teams to release applications into production. The company uses AI and machine learning to monitor the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripting and manual oversight.

Funding Details                      

Company: Harness, Inc.  

Raised: $150.0M                   

Round: Unknown  

Funding Month: May 2024       

Investors: Silicon Valley Bank, Hercules Capital, Inc.  

Company Website: https://www.harness.io/  

Software Category: Software Delivery  

Source: https://www.prnewswire.com/news-releases/harness-raises-150-million-in-new-financing-302144095.html  

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