Harness was founded in 2016 by Jyoti Bansal and Rishi Singh. In January 2024 TechCrunch reported that Harness acquired the deployment company Armory. Co-founder Jyoti Basnal reported to TechCrunch that he “wants to build an enduring company that will, one day, go public.”
Harness is a software delivery platform that uses its platform to improve engineering efficiency. Per Forge data, Harness raised $425 million in funding over 6 rounds. Their latest funding was raised on Apr 26, 2022. Key investors include Menlo Ventures, BIG Labs, Norwest Venture Partners, and Unusual Ventures.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
06/11/2024 | Junior Preferred | $30MM | $xx.xx | $1.22B | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
4,150,756
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|
||||||
04/26/2022 | Series D | $175MM | $xx.xx | $3.74B | Norwest Venture Partners, J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners, ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures, Silicon Valley Bank | |
Price per Share
$xx.xx
Shares Outstanding
6,970,247
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Norwest Venture Partners, J.P. Morgan, Capital One Ventures, Splunk Ventures, Adage Capital Partners, Balyasny Asset Management, Gaingels, Harmonic Growth Partners, ServiceNow, Menlo Ventures, IVP, Unusual Ventures, Citi Ventures, Battery Ventures, Alkeon Capital, GV, Sorenson Capital, Thomvest Ventures, Silicon Valley Bank
|
||||||
01/14/2021 | Series C | $83MM | $xx.xx | $1.73B | Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital | |
Price per Share
$xx.xx
Shares Outstanding
6,070,887
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital
|
||||||
04/23/2019 | Series B-1 | $30.55MM | $xx.xx | $722.45MM | Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital | |
Price per Share
$xx.xx
Shares Outstanding
4,989,221
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Alkeon Capital, Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital
|
||||||
04/23/2019 | Series B | $62.19MM | $xx.xx | $544.45MM | IVP, GV, ServiceNow Ventures, Menlo Ventures, Unusual Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,665,655
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
IVP, GV, ServiceNow Ventures, Menlo Ventures, Unusual Ventures
|
||||||
10/24/2017 | Series A | $22MM | $xx.xx | $88MM | Menlo Ventures, BIG Labs | |
Price per Share
$xx.xx
Shares Outstanding
17,287,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Menlo Ventures, BIG Labs
|
||||||
12/12/2015 | Founders Preferred | $3MM | $xx.xx | $12MM | Undisclosed Investors | |
Price per Share
$xx.xx
Shares Outstanding
48,000,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Undisclosed Investors
|