The Technology M&A team advised Harness on its entrance into a definitive merger agreement with Traceable, the next-generation API Security Platform, creating the world's most advanced AI-native DevSecOps platform. Together, Harness and Traceable will enable software teams to seamlessly develop, deploy, and secure applications, ensuring security is embedded at every stage of the software lifecycle. Harness and Traceable both originated from BIG Labs, a San Francisco-based technology startup studio founded by Jyoti Bansal, who is CEO and co-founder of both companies. Both companies are backed by industry leading investors like Unusual Ventures, Menlo Ventures, and IVP. This merger builds on both companies' shared innovation-based DNA and leadership philosophy to redefine the future of software delivery.
Harness is the leading end-to-end platform for complete software delivery. It provides a simple, safe, and secure way for engineering and DevOps teams to release applications into production. Harness uses AI and machine learning to monitor the quality of deployments and automatically roll back failed ones, saving time and reducing the need for custom scripting and manual oversight, giving engineers their nights and weekends back. Harness customers like United Airlines, Citibank, and Choice Hotels, accelerate deployments by up to 75%, reduce infrastructure costs by up to 60%, and decrease lead time for changes by up to 90%. Harness is based in San Francisco, and is backed by industry leading investors like Menlo Ventures, IVP, Unusual Ventures, and Citi Ventures.
The Goodwin team was led by Caine Moss, Matt Baudler, Zoya Holladay, Evelynn Chun, Anna Setyaeva, Dane Patterson, Stanley Phillips, Ari Ghavami, Amanda Sear, Kevin Lam, Benjamin Horwitz, Izzy Greenblatt, Krystal Lin, Samantha Mita, Jillian Bianca Wolf, Jacqueline Young Baik, Jackie Klosek, Jonathan Ng, Lynda Galligan, Monica Patel, James Oh, Koray Bulut, Ashton O’Halloran, Ora Grinberg, Garrett Gaughan, Stuart Ogg, Nikki Miller, Paul Jin, Ortal Ben Aharon, Scott Zilora, Allison Goldsher and Frances Dea.
For more information on the deal, please read the press release.