AI DevOps tool Harness , founded in 2017 by serial entrepreneur Jyoti Bansal, is on track to exceed $250 million in annual recurring revenue in 2025, Bansal tells TechCrunch.

The startup just raised a fresh $240 million Series E funding that values the company at $5.5 billion post-money.

The round includes a $200 million primary investment led by Goldman Sachs and a planned $40 million tender offer with participation from IVP, Menlo Ventures, and Unusual Ventures. The tender offer is intended to provide some liquidity to its long-term employees, Bansal said.

The new valuation is a 49% jump from its $3.7 billion valuation in a $230 million round in April 2022. With this funding, the startup has raised $570 million of equity to date.

As AI accelerates code production, it is widening

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