Harness, the AI‑powered DevOps platform founded in 2017 by serial entrepreneur Jyoti Bansal, announced a $240 million Series E round that lifts its post‑money valuation to $5.5 billion. The financing, led by Goldman Sachs with participation from IVP, Menlo Ventures and Unusual Ventures, includes a $40 million tender offer aimed at providing liquidity for long‑term employees. The capital will fund expanded research and development, a hiring surge at the company’s Bengaluru hub, and broader go‑to‑market and international efforts. Harness aims to automate the “after‑code” phase of software delivery, leveraging AI agents and a knowledge graph to streamline testing, security, and deployment for more than 1,000 enterprise customers. Read more →

Cerebras Systems, the AI‑hardware startup founded in 2015, announced a $1.1 billion Series G round that values the company at $8.1 billion. The financing, co‑led by Fidelity and Atreides Management with participation from Tiger Global, Valor Equity Partners and 1789 Capital, follows a $250 million Series F round in 2021. CEO and co‑founder Andrew Feldman said the round will fund new data‑center expansions, U.S. manufacturing hubs and continued technology development. Despite an earlier plan to go public by 2025 that was delayed by regulatory review, Cerebras remains focused on scaling its AI inference services and cloud offering. Read more →