Entrepreneur who sold successful software company to Cisco for USD3.7bn, starts next software venture

April 16, 2020 | Private | Technology

Image Credit: Harness

Jyoti Bansal was the Founder of AppDynamics, which was acquired by Cisco for USD3.7 billion in 2017.

Jyoti is the Founder and CEO of his latest software venture called Harness.

What is Jyoti Bansal’s track record?

AppDynamics develops application performance management (APM) solutions that deliver problem resolution for highly distributed applications.

It is an application performance management and IT operations analytics company based in San Francisco. The company focuses on managing the performance and availability of applications across cloud computing environments as well as inside the data centre.

What does Harness do?

Harness aims to simplify the software delivery process. It is a Continuous Delivery as-a-Service platform for engineering and DevOps teams to release applications into production.

The software automates and secures the Continuous Delivery process for teams, and that uses machine learning to roll back failed deployments.

How have investors validated Jyoti Bansal’s new venture?

Harness, which was spun out of BIG Labs, a startup studio, in 2017, has raised $85 million of venture capital from top tier investors such as Menlo Ventures, IVP, GV (formerly Google Ventures), Unusual Ventures, and ServiceNow Ventures.

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