Jyoti Bansal, co-founder and CEO of Harness, spoke at the company’s Unscripted conference in London on Sept. 25, 2025. Almost nine years ago, Bansal sold AppDynamics to Cisco for $3.7 billion. Harness is now valued at $5.5 billion after a $200 million funding round led by Goldman Sachs.

Harness’ technology helps companies manage and monitor code produced with artificial intelligence to prevent breaking, security vulnerabilities, or cost overruns. Venture capitalists are investing in startups like Kilo Code for AI-driven software tools. Harness software incorporates models from Anthropic and OpenAI for coding efficiency.

Bansal merged Harness with Traceable, bolstering cybersecurity capabilities and growing the combined company to 1,300 employees. Harness is exceeding its $250 million annualized revenue goal, growing over 50% year over year. Bansal plans to operate Harness as a public company for long-term success, unlike AppDynamics’ acquisition by Cisco.

In addition to the recent funding round, Harness is planning a $40 million tender offer to provide liquidity for longstanding employees. The company’s success and growth indicate a positive trajectory towards long-term sustainability in the software industry.

Read more at CNBC: Harness is worth $5.5 billion in round led by Goldman Sachs