On May 14, 2024, the AI-enhanced software development and delivery platform headquartered in San Francisco, USA,Harnessannounced it has raised $150 million in debt financing. Investors in this round include Silicon Valley Bank (a division of First Citizens Bank) and Hercules Capital, Inc. (NYSE: HTGC).
The company plans to use the raised funds to strategically support the expansion of the Harness platform, including adding new modules, further integrating generative AI into the platform, and making additional investments in the company's go-to-market engine.
Founded in 2017, Harness is a leading end-to-end software delivery platform that provides engineering and DevOps teams with a simple, secure, and reliable way to release applications to production. Harness uses AI and machine learning to monitor deployment quality and automatically roll back failed deployments, saving time and reducing the need for custom scripts and manual oversight, allowing engineers to reclaim their nights and weekends. Harness customers can increase deployment speed by up to 75%, reduce infrastructure costs by up to 60%, and reduce change lead time by up to 90%.
(Source:PR Newswire）