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