JFrog has secured $50 million from an investment round that will assist in growing the company and focus on its goals for the DevOps market.
The investment round was led by Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners and Qumra Capital, as well as participation from existing investors.
The company will use the money to further its vision by investing in the talent, technology advancements, and a global expansion needed to meet the growing demand for its DevOps and software automation platform.
"The software world is tired of domain dictators and demands a universal powerful solution that supports all technologies and software packages," said Shlomi Ben Haim, co-founder and CEO of JFrog. "DevOps and developer teams deserve more -- they demand a multi-package, highly available and secured end-to-end solution.”
JFrog is revolutionizing how developers and DevOps teams manage binary artifacts. JFrog Artifactory, the only universal Artifact Repository, is an essential component of the Continuous Integration pipeline.
"JFrog is automating a large number of processes that previously were tedious, prone to introducing bugs in production code and highly insecure,” said Andy Vitus, partner at Scale Venture Partners. “As we spoke to our portfolio companies, we found that a large number of them were adopting JFrog's products.”
The $50 million investment is one of the largest VC investment rounds in the entire DevOps market history, according to Haim.
"This investment will allow us to keep leading the market and push our products to a new level, with a user journey 10x better than Docker, Amazon or other single technology solutions,” Haim said. “We are the binary people; it's either One or Zero. No half-baked solution is good enough for our community and customers. With enough capital secured, we will continue to provide them with class A, enterprise level products and services."
For more information about the funding round, visit www.jfrog.com.