Israeli DevOps startup JFrog has raised $50 million from new investors 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 funds to realize its vision by investing in the talent, technology advancements and global expansion needed to meet the growing demand for its DevOps and software automation platform.
JFrog cofounder and CEO Shlomi Ben Haim said, “The software world is tired of domain dictators and demands a universal powerful solution that supports all technologies and software packages. DevOps and developer teams deserve more they demand a multi-package, highly available and secured end-to-end solution. JFrog Artifactory and JFrog Bintray are not just a Docker registry, or an npm or Maven repository; it’s how the world’s biggest organizations choose to host, manage and distribute their software.”
He added, “This $50 million is one of the largest VC investment rounds in the entire DevOps market history. 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. 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.”
JFrog is revolutionizing how developers and DevOps team manage binary artifacts. JFrog Artifactory, the only universal Artifact Repository, is an essential component of the Continuous Integration pipeline.
Founded in 2008 by Chief Architect Fred Simon, CEO Shlomi Ben Haim and CTO Yoav Landman the company is based in Netanya. JFrog, which develops products for managing and distributing software, has 110 employees, about 75 of them in Israel. The company has raised $62 million to date and has estimated 2015 revenue of $25 million but is not yet profitable.
Scale Venture Partners partner Andy Vitus said, “JFrog is at the epicenter of the merger between dev and ops teams. JFrog is automating a large number of processes that previously were tedious, prone to introducing bugs in production code, and highly insecure. As we spoke to our portfolio companies, we found that a large number of them were adopting JFrog’s products. Across the board, from our early stage companies to those preparing to go public, the engineers running operations were citing JFrog Artifactory and JFrog Bintray as core parts of their infrastructure.”
JFrog cofounder and CTO Yoav Landman said, "With the combination of a great engineering force and cutting edge technologies, JFrog is the best place to work in Israel. This round of investment confirms JFrog as the driving force behind DevOps and developer solution companies in the world. In addition to our open source leadership, we have thousands of paying customers ranging from Fortune 500s to startups. No other Israeli DevOps company has raised $50 million from top Silicon Valley VC firms Scale, Battery, and Sapphire, as well as Israeli VCs Gemini Israel Ventures, Qumra Capital and Vintage, not to mention our investment from VMware. We will be using the funds to ramp up hiring worldwide but especially here in Israel, where we are looking for the most passionate developers who want to make a lasting impact to join our team."
Published by Globes [online], Israel business news - www.globes-online.com - on January 20, 2016
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