- Addressing a Massive Opportunity to Improve Software Delivery
There are 20 million software developers with an average annual salary of $100k globally, implying a ~$2T per year software development market. In this massive category, even small efficiency gains for developers can deliver significant returns. Despite the amount of money spent on building code, the software delivery process today is highly manual, time-intensive, and prone to risks that can disrupt the end-user experience. Large enterprises dedicate tens if not hundreds of DevOps engineers to build and maintain large volumes of scripts for releasing code, monitoring deployment, and rolling back potential failures, and these scripts are fragile and difficult to scale. Open source tools require two to four DevOps engineers to maintain, and building a tool in-house is even more expensive. Harness is focused on streamlining the continuous delivery process to free up massive developer resources from building delivery scripts to doing more value-accretive projects.
- Long-Term Potential to Transform Software Development Lifecycle
Harness provides the first solution to automate the entire continuous delivery process, but their innovation does not stop here. Harness has already integrated with 45 different platforms and vendors across the DevOps stack, and it will take an ecosystem approach to build adjacent solutions both upstream and downstream in the development process. As enterprises experience increasing ecosystem complexity in the move from monolithic to a microservices architecture, we believe Harness is well positioned to help its customers better understand, manage, and automate the evolving software lifecycle. We are excited to have the opportunity to support the Harness team on their remarkable journey!
IVP is a leading later-stage venture capital firm based in Menlo Park, CA, and we have been fortunate to partner with talented entrepreneurs to help build disruptive, market leading companies such as AppDynamics, Datadog, Dropbox, HashiCorp, LegalZoom, MuleSoft, Netflix, Slack, Snap, and Twitter. Jason Kong, Louisa Xu, and Steve Harrick are Investors at IVP.