Harness Announces $240M Financing Round Led by Goldman Sachs Alternatives to Advance "AI for Everything After Code"

Rhea-AI Summary

Harness announced a $240M Series E on Dec 11, 2025, including a $200M investment led by Goldman Sachs Alternatives (GS) and a planned $40M tender offer with IVP, Menlo Ventures, and Unusual Ventures, valuing Harness at $5.5B. The company will use proceeds to accelerate Harness AI, platform expansion, and global go-to-market.

Harness reports being on track to exceed $250M ARR in 2025 with >50% YoY growth, serving 1,000+ enterprise customers, powering 128M deployments and 81M builds in the last 12 months, and operating a 1,200+ employee team across 14 offices.

Positive

• $240M Series E financing completed
• $200M led by Goldman Sachs Alternatives
• Valuation at $5.5B
• On track to exceed $250M ARR in 2025 with 50%+ YoY growth
• Powered 128M deployments and 81M builds in last 12 months
• Trusted by 1,000+ enterprise customers

Negative

• None.

Key Figures

Series E round $240 million Harness Series E financing led by Goldman Sachs Alternatives

Primary investment $200 million Lead investment portion of Harness Series E round

Tender offer $40 million Planned tender offer participation in Harness financing

Harness valuation $5.5 billion Post-money valuation for Harness following Series E

ARR target 2025 $250M+ ARR Harness on track to exceed this ARR in 2025 with 50%+ YoY growth

Cloud optimization $1.9 billion Cloud spend optimization delivered to Harness customers over 12 months

Deployments 128 million Software deployments powered by Harness over last 12 months

API calls protected 1.2 trillion API calls protected by Harness platform over last 12 months

Market Reality Check

$911.03 Last Close

Volume Volume 2,375,116 is 11% above 20-day average 2,143,756 (relative volume 1.11). normal

Technical Price 889.24 is trading above 200-day MA 683.42 and within 1% of the 52-week high 897.20.

Peers on Argus

GS gained 1.44% with peers MS, SCHW, IBKR, HOOD and LPLA also positive (up 0.30–2.15%), indicating broad strength in capital markets alongside this AI deal news.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 08	Real estate financing	Positive	+1.1%	Large structured financing package for Newark mixed‑income development.
Dec 04	Product/platform launch	Positive	+2.0%	Launch of evergreen private markets funds including GS Asset Management.
Nov 18	AI funding round	Positive	+0.1%	GS Alternatives leads $100M Series D for AI-native insurance platform.
Nov 12	Leadership/capital markets	Positive	+3.5%	GridStor appoints SVP to advance financing of battery storage projects.
Nov 06	BDC earnings/dividend	Neutral	-0.2%	GS BDC reports Q3 results, dividends, and share repurchases with slight NAV dip.

Pattern Detected

Recent GS-related news on financings and capital markets activity has generally seen modest, positive price alignment.

Recent Company History

Over the last month, GS-linked headlines highlighted alternative-investments activity and capital markets breadth, including a >$250M Newark mixed-income project, evergreen private-markets funds, and multiple GS Alternatives-led growth rounds. A BDC earnings/dividend update showed stable income generation with a slight NAV decline. Price reactions to these items were mostly positive, suggesting that investors have rewarded steady fee-generating and financing activity. Today’s AI-focused Harness financing continues that theme of GS Alternatives backing high-growth, data and software platforms.

Market Pulse Summary

This announcement highlights Goldman Sachs Alternatives leading a $240 million Series E that values Harness at $5.5 billion, extending GS’s pattern of backing AI-native platforms. For context, prior AI-tagged financings around GS saw average moves of about 0.61%, indicating historically measured market responses. Key aspects to watch include future disclosures on fee economics from such growth deals and how consistently GS can originate similar AI-focused mandates at scale.

Key Terms

series e financing round financial

"today announced a $240 million Series E financing round."

A Series E financing round is a late-stage private investment in a company that has already raised several earlier rounds of funding; it’s another infusion of capital in exchange for ownership stakes. For investors, it signals continued growth needs or expansion plans and provides an opportunity to buy into a more mature business—while also carrying trade-offs such as higher valuation expectations and potential dilution of existing owners, similar to buying a later chapter in a book rather than the first.

tender offer financial

"and a planned $40 million tender offer with participation from IVP"

A tender offer is a proposal made by a person or company to buy shares from existing shareholders at a set price, usually higher than the current market value, within a specific time frame. It matters to investors because it can lead to a change in ownership or control of a company, and shareholders must decide whether to sell their shares at the offered price.

arr financial

"ARR Growth: On track to exceed $250M ARR in 2025, with 50%+ YoY growth."

ARR, or Annual Recurring Revenue, is the predictable income a business expects to earn each year from ongoing customer subscriptions or contracts. It’s like a steady paycheck that shows the company's ability to generate consistent revenue over time, helping investors assess its stability and growth potential. ARR provides a clear picture of how well a company is performing in building long-term customer relationships.

ci/cd technical

"Morningstar modernized its CI/CD ecosystem, achieving 5x faster builds"

CI/CD stands for Continuous Integration and Continuous Delivery (or Deployment), a set of practices and tools that automate the building, testing and releasing of software so code changes reach users quickly and reliably. Think of it as an assembly line that checks each new part before it leaves the factory. For investors, CI/CD lowers the risk of costly bugs, speeds product improvements, reduces development costs, and makes a company’s road map and revenue more predictable.

api calls technical

"1.2T API calls protected, and $1.9B in cloud spend optimization"

API calls are the individual requests one piece of software sends to another to ask for data or trigger actions; think of them as a waiter taking specific orders from a diner and bringing back the requested dish. For investors, the number, speed, reliability and cost of API calls matter because they affect a company’s ability to deliver digital services, scale for more users, integrate with partners, control operating expenses and protect customer data — all of which can influence growth and profitability.

AI-generated analysis. Not financial advice.

Now valued at $5.5 billion, Harness will use the new capital to advance Harness AI and accelerate platform expansion and global GTM momentum.

SAN FRANCISCO, Dec. 11, 2025 /PRNewswire/ -- Harness, the AI Software Delivery Platform company, today announced a $240 million Series E financing round. The financing round is comprised of a $200 million investment led by Goldman Sachs Alternatives and a planned $40 million tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures. This investment values Harness at $5.5 billion and reflects the accelerating demand for a unified, AI-native platform for software delivery.

While AI is transforming how software is written, that work represents only the beginning of the engineering lifecycle. Most teams spend just 30–40% of their time writing and iterating on code; the remaining 60–70% goes to the "outer loop" — testing, deployments, security, compliance, and optimization. These workflows are deeply interconnected and remain highly manual, creating friction that slows velocity. Harness is bringing AI and automation to this outer loop, turning the most complex and time-consuming parts of software delivery into intelligent, streamlined processes.

Now, AI is amplifying the pressure exponentially. Code volume is accelerating — in many cases by 4x — and every line must still be tested, secured, deployed, and maintained. The surge of AI-generated code is further widening the gap between rapid development and the safe, reliable delivery of software. Organizations increasingly need intelligence and automation that can manage the entire after-code lifecycle — and Harness provides the platform that brings these AI capabilities together.

"The next frontier for AI in software engineering is applying intelligence to the delivery process — testing, verification, deployments, governance, and everything that happens after code is written," said Jyoti Bansal, cofounder and CEO of Harness. "Our customers are moving faster than ever with AI, but the delivery process is where complexity and risk pile up. Harness is leading the way in bringing clarity, automation, and control to this part of the lifecycle so teams can ship software quickly, safely, and reliably at scale."

Harness: The AI Software Delivery Platform

The new investment will help accelerate the evolution of Harness AI, a unified system purpose-built for everything after code. Harness AI is designed to eliminate the downstream bottlenecks that slow down engineering velocity. By combining specialized AI agents, deep organizational context, and reliable orchestration, the platform turns software delivery workflows into an intelligent system that learns, adapts, and acts on behalf of engineering teams.

Harness AI is built with three foundational layers that bring intelligent automation to the software development lifecycle:

• AI Agents purpose-built for software delivery: A library of focused agents that perform delivery, testing, verification, security, governance, and operational tasks — removing the manual coordination traditionally required across teams and tools.
• The Software Delivery Knowledge Graph: A unified context model mapping code changes, services, deployments, tests, environments, incidents, policies, and cost signals. This layer makes AI precise, trustworthy, and aligned to each customer's architecture and workflows.
• Enterprise-grade orchestration engine: A reliable execution engine that transforms AI-driven insight into consistent automation across pipelines and environments, ensuring decisions are evaluated and implemented safely and predictably.

With deep organization-specific context, every action taken by Harness AI is precise and aligned to each customer's architecture and workflows. Issues are identified earlier, evaluated with full context, and resolved before they reach production. Teams ship faster, not because they accept more risk, but because the platform absorbs the complexity on their behalf.

These capabilities are already driving measurable outcomes for Harness's 1,000+ enterprise customers:

• United Airlines accelerated deployment times by 75% and migrated 80% of workloads to the cloud.
• Morningstar modernized its CI/CD ecosystem, achieving 5x faster builds, consolidating 36,000 pipelines to 50 templates, and transitioning from weeks-long releases to daily deployments.
• Keller Williams increased deployment frequency by 6x and saved 3 weeks in every release cycle.
• National Australia Bank (NAB) reduced build times by 67% and improved troubleshooting efficiency by 85%.

"AI has shifted the bottleneck from writing code to delivering it, and Harness is solving that problem at enterprise scale," said Beat Cabiallavetta, Partner at Goldman Sachs Alternatives. "Their unified platform — combining AI, context, governance, and security — is resonating with organizations redesigning their engineering systems for the AI era. Harness is helping shape the future of modern software delivery."

Harness Momentum

This next era of software delivery is already taking shape across Harness's customer base, reflected in the scale, adoption, and global momentum Harness has built over the past year:

• ARR Growth: On track to exceed $250M ARR in 2025, with 50%+ YoY growth.
• Platform Scale: Powered 128M deployments, 81M builds, 1.2T API calls protected, and $1.9B in cloud spend optimization for customers over the last 12 months.
• Enterprise Adoption: Trusted by 1,000+ enterprise engineering teams across North America, EMEA, and APAC.
• Global Expansion: Grown to a 1,200+ employee team across 14 offices worldwide.
• Industry Recognition: Named to leading innovation and workplace lists, including the Forbes Cloud 100, Fast Company's Best Workplaces for Innovators, and Inc. Magazine Power Partners.

Harness will use the Series E funding to accelerate platform innovation, expand its global footprint, and advance its vision for a world where the process of getting code to production is automated, secure, resilient, and governed by design.

To learn more about Harness and the future of AI software delivery, visit harness.io.

About Harness
Harness is the AI DevOps Platform™ company, enabling engineering teams to build, test, and deliver software faster and more securely. Powered by Harness AI and the Software Delivery Knowledge Graph, the platform brings intelligent automation to every stage of the software delivery lifecycle after code—removing toil and freeing developers from manual, repetitive work. Companies like United Airlines and Choice Hotels use Harness to accelerate releases by up to 75%, cut cloud costs by 60%, and achieve 10x efficiency across DevOps. Based in San Francisco, Harness is backed by Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.

About Goldman Sachs Alternatives 
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.

The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.

The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world's leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.5 trillion in assets under supervision globally as of September 30, 2025.

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SOURCE Harness

FAQ

What did Goldman Sachs (GS) invest in Harness on December 11, 2025?

Goldman Sachs Alternatives led a $200M investment as part of a $240M Series E that values Harness at $5.5B.

How will Harness use the $240M Series E funding announced Dec 11, 2025?

Harness will use the capital to advance Harness AI, accelerate platform innovation, expand global GTM, and grow its international footprint.

What revenue and growth metrics did Harness report with the Dec 11, 2025 financing?

Harness said it is on track to exceed $250M ARR in 2025 with 50%+ year-over-year growth.

How large is Harness’s customer and platform scale after the Dec 11, 2025 announcement?

Harness serves 1,000+ enterprise customers, reported 128M deployments and 81M builds in the last 12 months, and has a 1,200+ employee team.

What is the $40M tender offer included in the Harness Series E on Dec 11, 2025?

The financing includes a planned $40M tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures.

What strategic focus did Harness emphasize with the Dec 11, 2025 funding?

Harness emphasized building AI-driven automation for 'everything after code': testing, verification, deployments, governance, and orchestration.