JFrog Banks $50M in VC to Expand Its DevOps Repository
JFrog provides an end-to-end, secure binary code repository that organizations large and small can use to host, manage and distribute their software.DevOps, the concept of matching development teams with operations specialists and automating processes to enable better software iteration, has been a growing category of IT for a few years, but only now is the venture capital community starting to put its money where the dev and ops are. A key example of this is the unusually named JFrog, a Santa Clara, Calif.-based startup that has banked a $50 million investment round from new investors Scale Venture Partners, Sapphire Ventures, Battery Ventures, Vintage Investment Partners and Qumra Capital, as well as participation from existing investors. JFrog will use the funds to invest in the talent, technology advancements and global expansion needed to meet the growing demand for its DevOps and software automation platform, the company told eWEEK. JFrog provides an end-to-end, multiple-package, secure binary code repository that organizations large and small can use to host, manage and distribute their software. It uses a freemium model to give away a portion of its functionality for free. The company now has more than 1,500 paying customers, including seven of the top 10 financial services companies, seven of the top 10 telcos, and eight of the top 10 Internet and software companies.
More than 700 million of its software packages are downloaded per month, and its full-time employee list has grown to more than 100 worldwide.