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Silicon Valley Bank Provides Debt Facility to Harness

October 17, 2023, 06:22 AM
Filed Under: Technology

Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a debt facility to Harness, a leading software delivery platform provider that was recently recognized on the Forbes 2023 Cloud 100 list. SVB acted as the sole lender on the facility, which was provided by SVB’s Technology Corporate Banking Division.      

"Harness continues to rapidly gain market momentum, including launching four new product modules at our industry conference, {unscripted}, last month. We are constantly innovating and expanding the Harness Platform with solutions to meet the needs of customers across all stages of the software delivery lifecycle. We are pleased to continue our successful partnership with SVB,” said John Bonney, CFO, Harness.

"SVB is thrilled to support Harness as it continues to strengthen its market leading end-to-end software delivery platform,” said Robert Parker, a Bay Area-based Director covering Enterprise Software with SVB’s Corporate Technology Banking group. “This latest facility is a testament to the debt, banking solutions, and strategic advice that SVB can provide later stage technology companies, both public and private, as they continue to succeed and scale in today’s market.  We’re excited to expand our relationship with Harness and look forward to supporting their continued growth, as one of their key banking partners.”







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