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software program deliverance platformHarnesstoday announced that it has produce the assets ofArmory , a continuous deployment inauguration built on top of the undetermined sourceSpinnaker project . As Harness CEO and founding father Jyoti Bansal severalize me , the skill price was about $ 7 million in cash . In total , Armory had bring up more than $ 82 million , include a$40 million Series C roundled by B Capital in late 2020 . Other investor include Lead Edge Capital , Insight Partners , Crosslink Capital , Bain Capital Ventures , Mango Capital , Y Combinator and Javelin Venture Partners .
Harness will hire many of Armory ’s employees and Harness will continue to support exist Armory implementations . But Bansal also stressed that this is very much an plus deal . He does , of course , hope that many of Armory ’s customers will migrate to the Harness political platform over time , but he also stressed that he require to help Armory ’s subsist customer base . “ Our purpose mostly is to provide the kind of persistence of family relationship and continuity of service to the client . Over fourth dimension , if we do the right-hand things by client , they can become even openhanded Harness platform customers and Harness has a lot of offerings in our weapons platform to help these account , ” Bansal said .
Jim Douglas , ex - CEO of Wind River , took over from atomic number 27 - father Daniel R. Odio as Armory ’s chief executive officer in 2021 . Some of Armory ’s current customers admit LaunchDarkly , Autodesk , Informatica , Patreon , First Republic Bank and HelloSign .
This acquisition also follows the wide of the mark trends that have been playing out in the overall enterprise software ecosystem , where the current economical mood favors goal - to - end solutions over single - tip solution as businesses look to consolidate and reduce their expenses . “ The securities industry is grow for DevOps solutions , but for undivided - point solutions , it ’s hard to vie , ” Bansal enounce . “ The economical surroundings has been unquestionably challenge for a spate of startup to continue to raise capital . It ’s good and bad . It ’s good for companies like Harness , but at the same time I feel , from a inauguration ecosystem , yes , there are challenges right now and company have to be operating at a much higher criterion , than previously . ”
Harness may implement some of Armory ’s engineering into its own products and Bansal stressed that he hopes that the experienced Armory locomotive engineer Harness design to hire will also serve it preserve to introduce ( and endorse the be Armory customer base ) .
mouth about Harness in general , Bansal noted that he wants to progress an enduring company that will , one day , go public . The last time he tried that , Ciscoacquiredhis company AppDynamics for $ 3.7 billion right on before it wasscheduled to IPO .
If you know more about this skill , you could meet Frederic on Signal at ( 860 ) 208 - 3416 or by email ( frederic@techcrunch.com ) .
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Armory nabs $ 40 M Series C as commercial-grade biz on top of open - generator Spinnaker task take off
