Funding round
Harness Growth
Reported as "Growth Equity"
Harness, which works in software delivery platform development in San Francisco, raised $150M in a Growth round announced on 14 May 2024. 2 firms took part. It is Harness' fifth venture round on record; the one before was a Series D in Apr 2022.
$150M
Amount raised
of which $150M debt
Not disclosed
Post-money valuation
2
Investors
no lead named
Valuation
What this round says about the price
Harness did not disclose a valuation in this round; its last disclosed one was $3.70B at the Series D (Apr 2022). It came 25 months after Harness' Series D. It is 21% of the $730M Harness has raised in the venture rounds on record. Harness raised again 19 months later: a Series E round of $240M in Dec 2025, at $5.50B post-money.
Harness' funding rounds
Harness has 6 venture rounds on record. This one is highlighted.
- Series A 24 Oct 2017, led by Menlo Ventures and BIG Labs $20M
- Series B 23 Apr 2019, led by Institutional Venture Partners, GV and ServiceNow Ventures $60M$500M post-money
- Series C 14 Jan 2021, led by Alkeon $85M$1.70B post-money
- Series D 26 Apr 2022, led by Norwest $175M$3.70B post-money
- Growth this round 14 May 2024 $150M
- Series E 11 Dec 2025, led by Goldman Sachs $240M$5.50B post-money
Investors
Who put money in
2 firms took part; no lead investor was named.
Investors
- Silicon Valley Bank new investor
- backs 29 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
367 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 22 May 2024 | $4.00B | not disclosed | not named |
| Tech Companies | 7 May 2024 | $1.00B | $12.00B | Andreessen Horowitz and Lightspeed Venture Partners |
| Tech Companies | 15 May 2024 | $175M | not disclosed | ICONIQ Growth |
| Tech Companies | 1 May 2024 | $124M | not disclosed | not named |
| Tech Companies | 29 May 2024 | $110M | not disclosed | Edison Partners and StepStone Group |
| Tech Companies | 15 May 2024 | $108M | not disclosed | FSI |
| Tech Companies | 7 May 2024 | $108M | not disclosed | Aareon |
| Tech Companies | 24 May 2024 | $89M | not disclosed | Investcorp |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Harness raise in its Growth round?
Harness raised $150M in its Growth round, announced in May 2024.
Which investors took part in Harness' Growth round?
Silicon Valley Bank and Hercules Capital.
What was Harness' valuation at the Growth round?
It was not disclosed; its last disclosed one was $3.70B at the Series D (Apr 2022).
How does it compare with other Growth rounds in Tech Companies?
367 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 3.2 times the median.
Did Harness raise again after this round?
Yes: a Series E round in Dec 2025 of $240M at $5.50B post-money.