JFrog the DevOps based artifact management platform has announced a $165 million Series D funding, yesterday. This funding round was led by Insight Venture Partners. The secured funding is expected to drive JFrog product innovation, support rapid expansion into new markets, and accelerate both organic and inorganic growth.
Other new investors included Spark Capital and Geodesic Capital, as well as existing investors including Battery Ventures, Sapphire Ventures, Scale Venture Partners, Dell Technologies Capital and Vintage Investment Partners. Additional JFrog investors include JFrog Gemini VC Israel, Qumra Capital and VMware.
JFrog transforms the way software is updated by offering an end-to-end, universal, highly-available software release platform. This platform is used for storing, securing, monitoring and distributing binaries for all technologies, including Docker, Go, Helm, Maven, npm, Nuget, PyPi, and more. As of now, according to the company, more than 5 million developers use JFrog Artifactory as their system of record when they build and release software.
It also supports multiple deployment options, with its products available in a hybrid model, on-premise, and across major cloud platforms: Amazon Web Services, Google Cloud Platform, and Microsoft Azure.
The announcement comes on the heels of Microsoft’s $7.5 billion purchase of coding-collaboration site GitHub earlier this year.
Since its Series C funding round in 2016, the company has seen more than 500% sales growth and expanded its reach to over 4,500 customers, including more than 70% of the Fortune 100. It continues to add 100 new commercial logos per month and supports the world’s open source communities with its Bintray binary hub. Bintray powers 700K community projects distributing over 5.5M unique software releases that generate over 3 billion downloads a month.
Read more about the announcement on JFrog official press release.