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How This Indian Immigrant Went From An H1-B Visa To Building A $5.5 Billion Business
Harness, led by founder Jyoti Bansal, raised $240 million at a $5.5 billion valuation and is on track for $250 million ARR in 2025, automating post-code software delivery with AI.
- On Dec 11, Harness raised a $240 million Series E at a $5.5 billion valuation, including a $200 million Goldman Sachs-led primary and a $40 million tender offer for employees.
- Jyoti Bansal launched Harness to reduce engineers' tedious post-code work like testing and deployment, as AI-driven code production widens a bottleneck consuming nearly 70% of engineering time.
- Built on a software-delivery knowledge graph, Harness's AI agents automate testing and deployment, handling 128 million deployments, protecting 1.2 trillion API calls, and helping optimize $240 million in cloud spend over the past year.
- Harness will use the funds to expand R&D, hire hundreds of engineers at its Bengaluru office, strengthen U.S. go-to-market operations, and Jyoti Bansal reiterated plans for an eventual IPO.
- Amid a wave of private capital for AI tooling, major customers like JPMorgan Chase and Citigroup also invested, and the valuation rose 49% from $3.7 billion, reaching $5.5 billion with $570 million raised.
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Harness raises $200M in funding led by Goldman Sachs, pushing the AI startup to a $5.5B valuation - Tech Startups
Harness has secured $200 million in new funding led by Goldman Sachs, pushing the AI software development startup to a $5.5 billion valuation. The raise is part of a larger $240 million Series E package that includes a planned $40 […] The post Harness raises $200M in funding led by Goldman Sachs, pushing the AI startup to a $5.5B valuation first appeared on Tech Startups.
Harness raises a $240M Series E at a $5.5B valuation led by Goldman Sachs
·Washington, United States
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Times of India+2 Reposted by 2 other sources
US enterprise startup Harness closes $240 million round; plans to hire aggressively in India
The funding includes a $200-million primary investment led by Goldman Sachs, and a purchase of shares worth $40 million from US-based venture capital firms IVP, Menlo Ventures, and Unusual Ventures from the company’s employees, founder Jyoti Bansal told ET.
·India
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Total News Sources21
Leaning Left2Leaning Right2Center5Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 22%
C 56%
R 22%
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