Summary: Harness is merging with API security startup Traceable, both founded by Jyoti Bansal. The merger aims to enhance the integration of DevOps and application security, targeting billion in annual recurring revenue (ARR). The combined company is projected to exceed 0 million in ARR this year, highlighting significant growth potential in the software delivery space.
Affected: Harness and Traceable
Keypoints :
- Both companies were co-founded by Jyoti Bansal, following his exit from AppDynamics.
- The merger aims to create a unified platform integrating AI-native DevOps and application security.
- Harness and Traceable are expected to generate over 0 million in annual recurring revenue in 2024.