Former AppDynamics CEO and founder Jyoti Bansal announced that his latest startup Harness raised $60 million in Series B funding Tuesday.

IVP and GV co-led the round, which valued the company at $500 million.

Harness is an automated software deployment platform that allows engineering teams to automatically roll back changes that adversely affect site performance.

Bansal said in a conversation with Business Insider that the stakes are higher now that every company is a technology company and engineers are expected to detect and act on issues with code changes.

Cisco acquired AppDynamics for $3.7 billion in 2016 as Bansal prepared to take the company public.

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