JFrog secures $165 million funding
JFrog, well known in DevOps community for Artifactory universal artifact manager, has announced a $165 million Series D funding round led by Insight Venture Partners. Jeff Horing, co-founder and managing director will join JFrog’s Board. The secured funding will drive JFrog product innovation, support rapid expansion into new markets and accelerate both organic and inorganic growth.
“Software updates need to flow seamlessly, like water running through pipes. This is what we call the ‘liquid software vision. From Git to Kubernetes and from your data center to the edge, software updates must flow anytime, anywhere, with minimal effort. The JFrog Enterprise Plus platform will enable continuous software updates and propel us to become the company behind all software updates in the universe.”
Shlomi Ben Haim, JFrog CEO
Though JFrog has various solutions, Artifactory has gained immense popularity. As a universal repository manager, Artifactory integrates with software development existing ecosystem, supporting end-to-end binary management that overcomes the complexity of working with different software package management systems, and provides consistency to your CI/CD workflow. In easy words, Artifactory provides easy way to artifacts generated by build process in easy to access and highly secure repository system. More and more companies are movings towards Artifactory.
“In the rapidly growing software industry there is a real need for continual software updates, which is captured by JFrog’s Liquid Software Vision. JFrog is the next promising software infrastructure company that’s going to revolutionize the way software is updated and we’re looking forward to partnering with the JFrog team to capitalize on its impressive growth and industry momentum.“
Jeff Horing, co-founder and MD at Insight Venture Partners
In last two years, JFrog registered more than 500% sales growth and increased customer base over 4,500. More than 70% of Fortune 100 companies are using Artifactory.
“JFrog’s team has done a very good job of developing highly-regarded tools by collecting and acting on customer input. JFrog has the potential to become a DevOps system of record for large organizations that want to standardize on certain DevOps functions… in an integrated, seamless, secure, and automated manner.”*
IDC
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight currently has over $20 billion of assets under management and has cumulatively invested in more than 300 companies worldwide. Our mission is to find, fund, and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. Across our people and our portfolio, we encourage a culture around a core belief: growth equals opportunity. For more information on Insight and all its investments, visit www.insightpartners.com or follow us on Twitter @insightpartners.
About JFrog: the “Database of DevOps”
JFrog is on a mission to enable Continuous Updates through Liquid Software, empowering developers to code high-quality applications that securely flow to end-users with zero downtime. JFrog is the creator of Artifactory, the heart of the end-to-end Universal platform for automating, managing, securing, distributing, and monitoring all type of binaries. JFrog products are available as open-source, on-premise, and in the cloud on AWS, Microsoft Azure, and Google Cloud. As the leading universal, highly available enterprise DevOps Solution, the JFrog platform empowers customers with trusted and expedited software releases from Code-to-Production. Trusted by more than 4,500 customers, the world’s top brands, such as Amazon, Facebook, Google, Netflix, Uber, VMware, and Spotify depend on JFrog to manage their binaries for their mission-critical applications. JFrog is privately held with offices in Israel, North America, Europe, and Asia. Learn more at jfrog.com.
