JFrog Secures $165 Million Investment to Lead Universal DevOps in the Enterprise

PR75584

SAN FRANCISCO, Oct. 4, 2018 /PRNewswire=KYODO JBN/ --

      Funding follows the launch of JFrog Enterprise Plus, a first-of-its-kind,

universal DevOps platform for end-to-end binaries management and distribution

    JFrog [https://jfrog.com ], the universal DevOps technology leader, is

announcing a $165 million Series D funding round led by Insight Venture

Partners [http://insightpartners.com ]. 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.

(Logo: https://mma.prnewswire.com/media/728777/JFrog_Logo.jpg )

(Photo: https://mma.prnewswire.com/media/754075/JFrog_DevOps.jpg )

    As revolutions like microservices and containers have fundamentally

transformed how software is built, packaged and shipped, DevOps has become the

only viable way for organizations to release more software faster.

Consequently, software packages (binaries) have become the most important asset

in the DevOps lifecycle. The proliferation of connected edge devices and the

Internet of Things (IoT), alongside DevOps methodologies, creates an explosion

of binaries, which can quickly overwhelm Git-based source code repositories.

    "Software updates need to flow seamlessly, like water running through

pipes. This is what we call the 'liquid software vision

[https://liquidsoftware.com ],'" said Shlomi Ben Haim, JFrog CEO. "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

[https://jfrog.com/enterprise-plus-platform ] will enable continuous software

updates and propel us to become the company behind all software updates in the

universe."

    JFrog transforms the way software is updated by offering an end-to-end,

universal, highly-available software release platform for storing, securing,

monitoring and distributing binaries for all technologies, including Docker

[https://jfrog.com/integration/docker-registry ], Go

[https://jfrog.com/integration/go-registry ], Helm

[https://jfrog.com/integration/helm-repository ], Maven

[https://jfrog.com/integration/maven-repository ], npm

[https://jfrog.com/integration/npm-registry ], Nuget

[https://jfrog.com/integration/nuget-repository ], PyPi

[https://jfrog.com/integration/python-repository ], and more. This enables a

continuous software release flow from code to production with zero downtime.

    "In the rapidly growing software industry there is a real need for

continual software updates, which is captured by JFrog's Liquid Software

Vision," said Jeff Horing, co-founder and managing director at Insight Venture

Partners. "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."

    More than 5 million developers use JFrog Artifactory

[https://jfrog.com/artifactory ] as their system of record when they build and

release software. Developers deserve the freedom of choice throughout the

DevOps lifecycle, from code to production, to avoid vendor lock-in. JFrog's

seamlessly integrated ecosystem of partners [https://jfrog.com/about/partners ]

is radically universal, providing enterprise-grade technology integrations

[https://jfrog.com/integration ]. JFrog further supports multiple deployment

options, with its products available in a hybrid model; on-premise

[https://jfrog.com/artifactory/free-trial ]; and across the major cloud

platforms [https://jfrog.com/artifactory/free-trial/#saas ]: Amazon Web

Services [AWS], Google Cloud Platform [GCP] and Microsoft Azure.

    "JFrog's team has done a very good job of developing highly-regarded tools

by collecting and acting on customer input," said leading research firm IDC

[International Data Corporation]. "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."*

    Since its Series C funding round in 2016, JFrog has seen more than 500%

sales growth and expanded its reach to over 4,500 customers, including more

than 70% of the Fortune 100. JFrog continues to add 100 new commercial logos

per month and supports the world's open source [https://jfrog.com/open-source ]

communities with its Bintray binary hub [https://jfrog.com/bintray ]. Bintray

powers 700K community projects distributing over 5.5M unique software releases

that generate over 3 billion downloads a month.

    Joining Insight Venture Partners in the latest investment round were new

investors Silicon Valley funds Spark Capital [http://www.sparkcapital.com ] and

Geodesic Capital [https://www.geodesiccap.com ], as well as existing investors

including Battery Ventures [https://www.battery.com ], Sapphire Ventures

[http://sapphireventures.com ], Scale Venture Partners [https://www.scalevp.com

], Dell Technologies Capital

[https://www.delltechnologies.com/en-us/capital.htm ] and Vintage Investment

Partners [https://vintage-ip.com ] . Additional JFrog investors include Gemini

VC Israel [http://www.gemini.co.il ], Qumra Capital [https://qumracapital.com ]

and VMware [https://www.vmware.com ].

    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 [https://jfrog.com ].

    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

http://www.insightpartners.com [https://www.insightpartners.com ] or follow us

on Twitter @insightpartners [https://twitter.com/insightpartners ].

    *IDC Link, JFrog Enabling Enterprise Customers to Accelerate DevOps and

CI/CD Maturity,  May 2018. Authors: Larry Carvahlo and Stephen Elliot.

    JFrog Media Contact: Lauren Perry Blonde 2.0 for JFrog Lauren@blonde20.com

SOURCE: JFrog