Indian-born software entrepreneur Jyoti Bansal became a new billionaire in December 2025, a milestone tied to the same immigration pipeline that brought him to Silicon Valley at age 21 on an H-1B visa with only a few hundred dollars. Investors valued his company Harness at about $5.5 billion after a $240 million Series E round, pushing Bansal’s estimated net worth to $2.3 billion.
The jump has revived debate in the United States 🇺🇸 over whether work visas that feed the tech sector also fence in future founders. Bansal’s rise, built on software, now stands as a case study for lawmakers.
About Harness and the Series E round
Harness, based in San Francisco, makes an AI-driven platform that automates software delivery — from code testing to deployment, compliance, and security.
- The Series E financing totaled $240 million and was led by Goldman Sachs Alternatives, Institutional Venture Partners, and Menlo Ventures.
- The round set a company valuation of about $5.5 billion, which sharply raised the paper value of Bansal’s stake.
Key company figures (as reported in the source material):
- Total capital raised: $570 million
- Employees: over 1,200 (hybrid model)
- Revenue: nearly $250 million
- Growth: ~50% year-over-year
- Bansal’s ownership: ~30%
How Bansal’s earlier success built wealth
Much of Bansal’s wealth also traces to AppDynamics, the company he founded in 2008 after gaining permanent residency.
- AppDynamics focused on application performance monitoring.
- In its first year it raised $5.5 million in Series A.
- Across six funding rounds it grew to over $200 million in annual revenue.
- Cisco bought AppDynamics for about $3.7 billion in January 2017, days before an expected IPO.
The Cisco sale, according to the source material, netted Bansal hundreds of millions of dollars and transformed a long immigration wait into a substantial fortune.
Early life and education
- Grew up in a small town in Rajasthan, India, helping his father in a farm machinery business.
- Attended IIT Delhi, graduating with a bachelor’s in computer engineering/computer science.
- Campus visits by global tech leaders and examples of earlier Indian founders influenced his ambition to build products for global markets.
Immigration timeline and constraints
At age 21, Bansal moved to the United States on an H-1B visa, sponsored by Silicon Valley firms, arriving with only a few hundred dollars.
- The H-1B is the main visa U.S. companies use to hire foreign workers in specialty occupations. Its rules commonly tie workers to a sponsoring employer.
- Official guidance from USCIS: https://www.uscis.gov/working-in-the-united-states/h-1b-specialty-occupations — the petition is filed by the employer, not the worker, which can make employer changes risky.
Bansal spent roughly seven years as an engineer at three enterprise technology companies before securing permanent residency. Visa limits kept him from launching a company until he had a green card.
- Immigration lawyers often call this the “golden handcuff” problem: workers may have ideas, but the safest choice is to remain with the same sponsor.
- Bansal later became a U.S. citizen in 2016. He has said that gaining legal freedom to take entrepreneurial risk was the turning point.
Founding AppDynamics and the Cisco exit
AppDynamics started as a bet that fast-growing companies needed better tools to spot slowdowns and failures in complex software systems.
- Bansal recruited engineers, raised capital, and focused on selling to customers demanding reliability.
- The company’s rapid growth made it an acquisition target; Cisco’s $3.7 billion purchase in January 2017 came days before a planned IPO.
- The sale illustrated how a green card can shift a worker’s role from employee to job creator and sparked policy discussions about speeding permanent residency to retain founders.
After the exit — retirement, travel, and founding Harness
After the Cisco deal, Bansal briefly tried to retire, taking trips including African safaris, Machu Picchu, the fjords, and the Himalayas. The break was short-lived.
- At 39, he returned to San Francisco and founded Harness, betting on the need for greater automation as code bases expanded.
- Harness positions itself as an AI layer to test, ship, and monitor software with fewer steps, while helping with compliance and security.
- Harness later folded in Traceable, a firm Bansal founded and merged into the platform.
Business performance and market pitch
Harness has emphasized how AI can change code production — sometimes by a factor of 10 — and that testing and safe release are now bottlenecks. That pitch has helped win corporate clients and investor backing.
- Growth: 50% year-over-year
- Revenue: nearly $250 million
- Employees: over 1,200
- Operates in a hybrid model
The December 2025 funding round highlighted how private funding can create large wealth jumps without a public listing. With ~30% ownership, Bansal’s stake was worth far more than the few hundred dollars he arrived with on his first H-1B job.
Policy debate and broader implications
Analysts and advocates use Bansal’s timeline to illustrate a common pattern:
- Employers bring talent into the U.S. quickly on temporary visas.
- Transitioning from temporary status to permanent residency can take years, constraining job mobility and entrepreneurship.
- Some workers repeatedly renew visas while waiting in green card lines; others avoid switching employers or pitching ideas out of fear of losing status.
- Advocates argue that faster permanent residency could keep more founders in the country; opponents counter that visa rules can be used to control wages and employment conditions.
“Bansal’s story is both inspiring and frustrating: it shows the scale of opportunity for a skilled newcomer, but also highlights how much hinges on timing, sponsorship, and paperwork.”
Stories like Bansal’s are often cited in calls for more flexible work authorization that lets skilled workers start companies sooner instead of waiting for permanent residency (analysis cited from VisaVerge.com in the source material).
Current roles and objectives
- Bansal remains CEO of Harness and is a managing partner at Unusual Ventures, mentoring and investing in early-stage firms.
- He lives in San Francisco with his family.
- He has said he aims for Harness to go public and to reach $1 billion in revenue within 10 years.
Key timeline (summary)
| Year / Age | Event |
|---|---|
| Age 21 | Moved to U.S. on H-1B visa with a few hundred dollars |
| 2008 | Founded AppDynamics after obtaining permanent residency |
| Jan 2017 | Cisco acquired AppDynamics for $3.7 billion |
| 2016 | Became a U.S. citizen |
| Age 39 | Founded Harness in San Francisco |
| Dec 2025 | Series E: $240M, valuation $5.5B; Bansal net worth estimated $2.3B |
Final takeaways
- Bansal’s arc — from farm machinery in Rajasthan to IIT Delhi to Silicon Valley billionaire — underscores how global talent can build substantial value in the U.S.
- His experience highlights competing policy goals: maintaining U.S. competitiveness through global hiring while addressing concerns about labor markets and visa-driven employer control.
- For many immigrants, his story is proof that legal status can shape opportunity as much as skill; the policy questions it raises are longstanding for the country and its workers.
Jyoti Bansal, who arrived in the U.S. on an H-1B at 21, reached billionaire status after Harness’s $240 million Series E valued the company at about $5.5 billion. With roughly 30% ownership, Bansal’s stake rose to an estimated $2.3 billion. His path—from IIT Delhi to AppDynamics and a Cisco exit—illustrates how temporary work visas and lengthy residency waits can delay entrepreneurship, feeding a policy debate about speeding permanent residency for global talent.
