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

San Francisco (ots/PRNewswire) -

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
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

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