Harness Merges with Traceable to Shape AI-Driven Software Delivery
Deal News | Feb 11, 2025 | Goodwin
Harness, a leader in software delivery, has announced a merger with Traceable, an API security platform, to form the world's most advanced AI-native DevSecOps platform. Both firms originated from BIG Labs and share a commitment to innovation in software delivery. With this merger, the companies aim to empower software teams to develop, deploy, and secure applications with security embedded throughout the lifecycle. Harness, known for its AI-driven solutions that optimize deployment processes, is backed by investors like Menlo Ventures and IVP. Traceable strengthens the platform with its API security capabilities, enabling a robust, secure software delivery process. The merger was advised by law firm Goodwin, led by an extensive team of experts. This strategic move marks a significant advancement in AI-driven software management.
Sectors
- Technology
- Software and IT Services
Geography
- United States – Both Harness and Traceable, along with BIG Labs, are based in San Francisco, contributing to the US's vibrant tech ecosystem.
Industry
- Technology – The article focuses on companies in the software delivery and API security domains, both key areas of the technology sector.
- Software and IT Services – Harness and Traceable are active in software delivery and security services, respectively, positioning them within the Software and IT Services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Harness | Target Company | Company | A leading end-to-end platform for software delivery, specializing in AI-driven solutions for deploying applications. |
| Traceable | Bidding Company | Company | A next-generation API security platform, focused on embedding security into software delivery. |
| Goodwin | Legal Advisor | Company | The law firm that advised on the merger between Harness and Traceable. |
| BIG Labs | Other Company | Company | A technology startup studio based in San Francisco, where both Harness and Traceable originated. |
| Jyoti Bansal | Founder | Person | CEO and co-founder of both Harness and Traceable, as well as the founder of BIG Labs. |
| Menlo Ventures, IVP, Unusual Ventures, Citi Ventures | Investors | Company | Investment firms backing both Harness and Traceable. |