Dec 2025 Series E (a 49% up-round vs. the $3.7B Apr 2022 Series D) values the company at $5.5B on a roughly $250M ARR trajectory in AI-driven software delivery/governance. The separate $40M secondary tender signals a deliberate effort to give early employees/investors liquidity absent a near-term IPO. Harness acquired Codecov from Sentry in June 2026 (undisclosed terms) -- M&A activity, not a funding event, but relevant post-Series-E capital deployment context. CFO Bill Koefoed (ex-OneStream) joined around May 2026, publicly framed as building the financial profile needed for eventual public markets. No S-1 filed; CEO Jyoti Bansal describes an IPO as a long-term goal contingent on growth/efficiency thresholds, with no committed timeline.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series B | 2019-04-23 | $500M | Co-led by IVP, GV (Google Ventures), and ServiceNow Ventures -- no single lead named |
| Series C | 2021-01-14 | $1.7B+240% | Alkeon Capital |
| Series D | 2022-04-01 | $3.7B+118% | Norwest Venture Partners |
| Series E | 2025-12-11 | $5.5B+49% | Goldman Sachs Alternatives |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Timing | 2-4 years (third-party estimate, not company guidance) |
| Notes | CEO Jyoti Bansal: long-term goal contingent on growth/efficiency thresholds, no committed timeline. CFO Bill Koefoed's May 2026 hire is read as IPO-prep staffing. |
| Source | Axios, Dec 11 2025; CFO Dive, ~May 2026 |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.