Harness Raises $240M Series E as AI DevOps Platform Surpasses $250M ARR and Expands Global Footprint

Harness has secured a $240 million Series E round, lifting the company’s valuation to $5.5 billion as it prepares to exceed $250 million in annual recurring revenue in 2025. The raise includes a $200 million primary investment led by Goldman Sachs and a $40 million tender offer involving existing investors IVP, Menlo Ventures, and Unusual Ventures. The tender component provides liquidity for long-tenured employees as the company continues rapid growth.

Founded in 2017, Harness is expanding its role in AI-powered DevOps automation as enterprises confront mounting complexity in software delivery. With AI accelerating code creation, organizations face growing strain in the downstream processes — testing, security, verification, deployment, and governance — that make up nearly 70% of engineering work. Harness addresses this bottleneck through AI agents built on a software delivery knowledge graph that maps code changes, environments, policies, and operational data to automate critical “after-code” workflows.

The platform has processed more than 128 million deployments and serves over 1,000 enterprises including United Airlines, Morningstar, and National Australia Bank. Harness will use the new funding to expand R&D, scale its engineering hub in Bengaluru, broaden automated testing and security capabilities, and strengthen go-to-market operations as it prepares for long-term public-company ambitions.

Featured image: Credit: Harness