By Jason Kong, Louisa Xu, and Steve Harrick
Today, IVP is excited to announce our initial investment in Harness!
IVP is leading a $60 million Series B financing that will enable the Company to accelerate growth into the enterprise. Led by a world-class CEO and co-founder, Jyoti Bansal, Harness is a Continuous Delivery-as-a-Service platform enabling software engineering teams to deliver code to customer-facing applications more efficiently and securely.
A decade ago, developers built software applications with a monolithic approach, releasing their code perhaps every six or twelve months. Today, tech giants have primed consumers to expect rapid updates and constant access to the latest technologies. Behind Google, Facebook and Amazon are complex technology stacks and proprietary continuous integration and continuous delivery ( CI / CD ) tools built with thousands of DevOps engineers. As every company adopts a software-first approach, the pace of delivery has increased by a factor of 100 to 1,000x: delivery cycles that were previously once every few months now occur daily or even multiple times a day. This capability has become a strategic advantage for tech-forward companies and a disadvantage for enterprises that cannot keep up.
Harness is democratizing continuous delivery by providing a freemium solution to automate the software delivery process. It enables enterprises to deploy software more rapidly while improving the quality of their software in production. Our investment thesis for Harness is supported by three pillars.
Visionary Team with Phenomenal Enterprise Track Record
Jyoti Bansal is a serial technical founder and best-in-class CEO. IVP first met Jyoti back in 2011, when he was CEO of AppDynamics, a company he founded to build the next-generation APM platform. IVP was selected to lead the company's Series D financing in January 2013 and continued to support the company through its acquisition by Cisco for $3.7Bn in 2017. Before AppDynamics, Jyoti led design and architecture at Wily Technology, which was purchased by CA in 2006. Jyoti met his co-founder and CTO, Rishi Singh, when they both studied at the Indian Institute of Technoogy in Delhi. Rishi led DevOps and the continuous delivery platform at Apple, where he experienced the challenges that Harness is addressing today. The two co-founders are surrounded by an strong management team with decades of collective experience scaling enterprise companies such as Twilio, Meraki, E*TRADE, and AppDynamics from an early stage.
Harness Co-founders Rishi Singh (left) and Jyoti Bansal
Addressing a Massive Opportunity to Improve Software Delivery
There are 20 million software developers with an average annual salary of $100k globally, implying a $2T per year software development market. In this massive category, even small efficiency gains for developers can deliver significant returns. Despite the amount of money spent on building code, the software delivery process today is highly manual, time-intensive, and prone to risks that can disrupt the end-user experience. Large enterprises dedicate tens if not hundreds of DevOps engineers to build and maintain large volumes of scripts for releasing code, monitoring deployment, and rolling back potential failures, and these scripts are fragile and difficult to scale. Open source tools require two to four DevOps engineers to maintain, and building a tool in-house is even more expensive. Harness is focused on streamlining the continuous delivery process to free up massive developer resources from building delivery scripts to doing more value-accretive projects.
Long-Term Potential to Transform Software Development Lifecycle
Harness provides the first solution to automate the entire continuous delivery process, but their innovation does not stop here. Harness has already integrated with 45 different platforms and vendors across the DevOps stack, and it will take an ecosystem approach to build adjacent solutions both upstream and downstream in the developement process. As enterprises experience increasing ecosystem complexity in the move from monolithic to microservices architecture, we believe Harness is well positioned to help its customers better understand, manage, and automate the evolving software lifecycle. We are excited to have the opportunity to support the Harness team on their remarkable journey!
IVP is a leading later-stage venture capital firm based in Menlo Park, CA, and we have been fortunate to partner with talented entrepreneurs to help build disruptive, market leading companies such as AppDynamics, Datadog, Dropbox, HashiCorp, LegalZoom, MuleSoft, Netflix, Slack, Snap, and Twitter. Jason Kong, Louisa Xu, and Steve Harrick are Investors at IVP.
Most recent headlines
06/10/2025
France T l visions, France's leading broadcaster, has received the 2025 EBU ...
04/09/2025
Monumental Sports & Entertainment (MSE), in collaboration with Dalet, has been a...
30/08/2025
WASHINGTON The Federal Communications Commission has adopted its FY 2025 Regulatory Fees Order that establishes the regulatory fee rates for the broadcast stati...
29/08/2025
Australian Red Cross and SBS launch training to help workplaces in the fight aga...
29/08/2025
The National Film and Video Foundation (NFVF), an agency of the Department of Sp...
29/08/2025
L3Harris Technologies has concentrated decades of expertise across the entire enterprise to develop affordable and reliable best-of-breed solutions to rapidly c...
29/08/2025
BURBANK, Calif. The CW Network and the Pac-12 Conference have announced a new media rights deal that will extend their broadcast partnership beginning with the ...
29/08/2025
NEW YORK Gracenote has released a new analysis of its global video dataset showing that the number of FAST channels grew nearly 14% from Q1 2025 and 76% since 2...
29/08/2025
SAN JOSE, Calif. Harmonic has announced a series of improvements to its live sports streaming solution that the company said will improve fan engagement, protec...
29/08/2025
NEW YORK and LOS ANGELES Fox Corp. and YouTube TV last night announced a renewal of the full portfolio of Fox networks, including Fox News Channel, Fox Business...
29/08/2025
Budapest, Hungary, August 2025 - The integration of Microsoft Teams Rooms (MTR) with Lightware's Taurus universal matrix switchers delivers a new level of f...
29/08/2025
Frequency, the engine behind many of the world's best-known streaming television channels, today announced it will launch Studio Live, a next-generation uni...
29/08/2025
In an era when AI and cyber resilience are essential, Scality will mark the 10th anniversary of Scality Day on October 16, 2025 in Paris. This flagship global e...
29/08/2025
Disguise's In-House Creative and Technical Teams Pre-Visualised, Programmed and Delivered Content for the Experience, All Powered by EX 3+
Technology solu...
29/08/2025
Disguise will be demonstrating the latest workflows for TV, film and live events on a number of partner booths at the show
Disguise, the industry-leading tech...
29/08/2025
STOCKHOLM, Sweden Accedo will showcase Accedo Compose, its AI agent-powered modular orchestration layer that assists streaming providers in transitioning client...
29/08/2025
LOS ANGELES Cineverse has announced that it is working with Xperi to bring four of its streaming channels to automobiles for the first time as part of the DTS A...
29/08/2025
DALLAS & ATLANTA Gray Media has announced an agreement with the sports streaming service Victory+ to simulcast 17 Dallas Stars NHL games in 15 television market...
29/08/2025
NEW YORK AND CULVER CITY Comcast NBCUniversal and Amazon have announced new and extended distribution agreements that will expand the content available on their...
29/08/2025
FOOTHILL RANCH, Calif. RED Digital Cinema will feature its Cine-Broadcast Module supporting live broadcast workflows during IBC2025, Sept. 12-15, at the RAI Ams...
29/08/2025
29 Aug 2025
Kyivstar Rings Opening Bell at Nasdaq Marking Landmark Listing and ...
29/08/2025
More than half of all NFL games live on Sky for the first timeFriday 29 August 2025
Sky Sports has announced a new three-year deal with the NFL, extending its ...
29/08/2025
Back to All News
RIV4LRIES: The Trailer of the New Series With Samuele Carrino ...
29/08/2025
Get ready for an inspiring and emotional insight into the world of competitive Irish dancing with My Story: Tomi Champion of the World airing on RT 2 this monda...
29/08/2025
RT has today announced that David McCullagh is to be the new presenter of RT Radio 1's flagship Today programme, which airs every weekday at 10am, replaci...
28/08/2025
By Kristin Feeley, Director, Documentary Film & Artist Programs
If you want to tell untold stories, if you want to give voice to the voiceless, you've got ...
28/08/2025
Directed by Steven Bognar and Julia Reichert, Sundance Institute-supported Amer...
28/08/2025
Corridos have been a cornerstone of M sica Mexicana for generations, telling stories rooted in everyday life. Now, a new chapter is taking shape: motivational c...
28/08/2025
Los corridos han sido un pilar de la M sica Mexicana durante generaciones, contando historias enraizadas en la vida cotidiana. Ahora, un nuevo cap tulo est tom...
28/08/2025
Earlier this month, we promised our Verano Forever party would bring the heat, a...
28/08/2025
L3Harris will provide the Polish F-16V fleet with the Viper Shield electronic warfare system as part of an upgrade program....
28/08/2025
Bilbao, August 26, 2025 - AgileTV, an international television and video technol...
28/08/2025
Ken Wilkinson is an Emmy Awards nominated New York audio engineer who specialises in production sound mixing for film, commercial, episodic and documentary work...
28/08/2025
NEW YORK FuboTV today announced that it will launch Fubo Sports, a skinny bundle that focuses on sports with a subscription price of $56 monthly....
28/08/2025
NEVADA City, Calif. At IBC2025, Sept. 12-15 at the RAI Amsterdam, Telestream will debut its new Global Ingest strategy, introducing a next-generation ingest arc...
28/08/2025
Dr. Rhoda Bernard Releases Groundbreaking Debut Book on Accessible Arts Educatio...
28/08/2025
TAG Video Systems, the leader in software-based IP end-to-end workflow monitoring, deep probing, and real-time visualization, has named Oliver Gappa as Sales Di...
28/08/2025
AI-based voice enhancement will be among a series of innovations making their IBC 2025 debut on the DHD stand B46 in Hall 8 at the RAI Amsterdam Convention Cent...
28/08/2025
Telef nica Servicios Audiovisuales (TSA), the leading system integrator and service provider in the media sector in Spain, with the support of Appear, the globa...
28/08/2025
To fully immerse sailing fans in the world's biggest offshore yacht race, production company, Optical Media turned to LiveU's On-site Production solutio...
28/08/2025
Working with Calrec on its most recent overhaul, radio and television broadcaster, WNED has migrated to a fully IP infrastructure with multiple Type R consoles,...
28/08/2025
Cleeng, the Subscriber Retention Management (SRM ) inventor, has unveiled Cleeng Pro, the first-ever direct-to-consumer (D2C) subscription management platform t...
28/08/2025
Zixi, the industry leader in live broadcast-quality video over IP, today announced that French media distribution platform OKAST has selected Zixi to enable rel...
28/08/2025
Solution offers a streamlined, speaker-free architecture to optimize integration with premium external loudspeakers and advanced loudness metering
Nixer Pro Au...
28/08/2025
Cinegy, the premier provider of software-defined television technology, has announced a strategic partnership with Vision One Touch Film Production Services L.L...
28/08/2025
Telestream, a global leader in media workflow technologies, will debut its new Global Ingest strategy at IBC2025, introducing a next-generation ingest architect...
28/08/2025
Tier 1 operator selects Broadpeak to power high-performance, unified CDN solution across Norway, Sweden and Finland
Broadpeak, a leader in streaming and moneti...
28/08/2025
Leading video software provider, Synamedia, today announced that 24 Frames Digital, one of India's leading live event streaming service providers, has chose...
28/08/2025
Meet VisualOn at IBC2025: See What's Next in AI-Powered Video Streaming Join VisualOn at IBC2025 and discover how our AI-driven Optimizer and advanced media...
By Jason Kong, Louisa Xu, and Steve Harrick 
