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Harness Raises $240M, Eyes $5.5B Valuation and IPO

12/11/2025

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Summary

Story summary

Harness, an AI DevOps tool founded by Jyoti Bansal, has raised $240 million in a Series E, valuing it at $5.5 billion.
The funding includes a $200 million primary investment led by Goldman Sachs and a $40 million employee liquidity tender offer.
Harness aims to exceed $250 million in annual recurring revenue in 2025.
Bansal plans to take Harness public when market conditions are favorable.

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Story summary

Harness, an AI DevOps tool founded by Jyoti Bansal, has raised $240 million in a Series E, valuing it at $5.5 billion.
The funding includes a $200 million primary investment led by Goldman Sachs and a $40 million employee liquidity tender offer.
Harness aims to exceed $250 million in annual recurring revenue in 2025.
Bansal plans to take Harness public when market conditions are favorable.