Software firm Harness shared with QA Financial it has received a fresh capital injection that amounts to just over $150 million.
The latest financing round means the company will be able to expand its popular software testing platform, which is rapidly gaining momentum.
San Francisco-based Harness said it secured capital allocations from Silicon Valley Bank (SVB), a division of First Citizens Bank, as well as Hercules Capital.
The investment will be used to finance the planned expansion of the Harness platform, including the addition of new testing modules, further integrating generative AI into the QA platform, and additional investments in the company’s go-to-market engine.

Jyoti Bansal, CEO and co-founder of Harness, said he was “simply thrilled” with the fresh capital injection as “we are building the next generation of intelligent tools and automation to supercharge developer productivity and reduce developer toil.”
“This funding enables our company to continue innovating at a record pace, transforming the software delivery lifecycle for today’s modern enterprises.”
Bansal stressed that “every year, developers waste more than $1 trillion by spending 40%+ of their time working on mundane, non-code-producing work. Our platform empowers software teams to achieve excellence in testing, velocity, quality, efficiency, and governance.”
The investment comes as Harness looks back on somewhat of a record-breaking year, as Bansal put it.
The firm significantly expanded its executive team as Carlos Delatorre joined as chief revenue officer and Gleb Brichko was appointed SVP of Marketing.
Rapid growth
There is no doubt Harness product portfolio has seen a jump in financial services clients in recent years. In the last five years, its revenue jumped from $1 million to more than $100 million last year.
This translated int customers executing more than 44 million code deployments with the Harness platform in 2023, more than double the number of deployments completed in 2022, Bansal claimed.
Particularly the introduction of AIDATM proved successful, a new generative AI assistant that can be integrated into all aspects of the software delivery lifecycle.
In more recent months, Harness went on to flood the market with a range of new products, such as its Internal Developer Portal, Infrastructure as Code Management platform as well as the Software Supply Chain Assurance.
“These new modules join the existing eight offerings to deliver a powerful, seamlessly integrated software delivery platform,” Bansal concluded.
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