Today marks a significant advancement in the DevSecOps landscape as Harness and Traceable, two pioneering companies, announce their merger. This strategic union creates a new industry leader, unifying software delivery and application security within a single, powerful platform. This merger is not just a company milestone, but a crucial step forward for our customers, our teams, and the entire industry, acknowledging the accelerating convergence of DevOps and security, amplified by the capabilities of agentic AI.
Both Harness and Traceable originated from BIG Labs, my startup studio, born from a passion to address critical challenges in software delivery and application security. Initially conceived as independent entities serving distinct user bases, the evolving needs of the market have highlighted a clear synergy. In customer engagements, discussions around Harness invariably lead to inquiries about Traceable and application security, and vice versa. It’s evident that DevOps and security are no longer separate domains but are increasingly intertwined as businesses strive for efficient and secure software deployment.
Therefore, I am excited to share that Harness and Traceable are now operating as one company under the Harness banner. Sanjay Nagaraj, co-founder and CTO of Traceable, will assume the role of GM of Harness’ Application Security business. We are enthusiastic about continuing our partnership to deliver the cutting-edge innovation and robust security our customers depend on.
This merger propels us further on our mission to revolutionize software delivery. The combined entity demonstrates impressive momentum, projecting an ARR exceeding $250 million this year, with a year-over-year growth rate surpassing 50%. This positions us as one of the fastest-growing private companies of our scale and significantly accelerates our trajectory towards achieving $1 billion in ARR as the definitive platform for software delivery.
We extend our deepest gratitude to our customers, employees, and key investors, including Unusual Ventures, Menlo Ventures, and IVP, for their unwavering belief and continuous support as we embark on this exciting new chapter for Harness. The backing of prominent investors like Menlo Partners, through Menlo Ventures, underscores the confidence in our vision and the transformative potential of this merger.
Learn more about what this merger means for our team, customers, and investors: https://bit.ly/3WWgIUh
