Citi Ventures has participated in the software deployment platform provider’s latest funding round, which lifted its valuation to $1.7bn.

US-based software delivery platform developer Harness has secured $115m in a series C round featuring Citi Ventures, the corporate venturing arm of financial services provider Citi.

Investment adviser Alkeon Capital led the round, which included Battery Ventures, Norwest Venture Partners, Sorenson Capital and Thomvest Ventures.

The figure includes a $30m series B-1 round co-led by Menlo Ventures, IVP and Unusual Ventures, and the round pushed the company’s overall funding to $195m.

Harness has built an artificial intelligence and machine learning-infused…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.