Harness reaches $1.7 billion valuation with $115 million in new financing

San Francisco-based platform for software delivery Harness  announced that it has raised $115 million in financing, reaching a valuation of $1.7 billion in just three years after launching from stealth. Alkeon Capital led a $85 million Series C round, along with new investors Battery Ventures, Citi Ventures, Norwest Venture Partners, Sorenson Capital, and Thomvest Ventures. The total funding includes a $30 million Series B-1 funding round, led by existing investors Menlo Ventures, IVP, and Unusual Ventures. With a total of $195 million in financing to date, Harness will use the funding to grow its engineering team, support global expansion plans, and extend its software delivery platform vision.

“Our goal is to create an intelligent software delivery platform that allows every company in the world to become as good in software delivery as the likes of Google and Facebook. Our investors believe strongly in our vision of an end-to-end platform for software delivery, and we look forward to partnering with these leading investment firms as we build Harness into the next major software company.”  – Jyoti Bansal, CEO and co-founder of Harness.

Harness also announced two executive hires: Manuel “Manny” Ruiz as SVP Customer Success, and Stephen Line as VP EMEA Field Sales and GM. Manny has been in customer-facing technical roles for 20+ years and was most recently a VP of Customer Success with MobileIron, Sauce Labs, and InfluxData. Stephen joined Harness from Cloudera, where he was the first sales rep hired in the region and had the privilege of leading the EMEA organization as they scaled the business to 70 sellers in 18 countries with customers in 65 countries.