Total amount raised
$226.5 Millions
Latest funding date
9/1/2020
Location
JFrog has successfully raised significant capital through multiple funding rounds, attracting a diverse group of investors. The company offers a robust software supply chain platform tailored for DevOps and security.
Continue reading to delve into the details of JFrog's funding journey and the key investors supporting this innovative platform.
What Is JFrog?
Founded in 2008, JFrog is headquartered in Sunnyvale, California. The company was established by Shlomi Ben Haim, Fred Simon, and Yoav Landman. JFrog specializes in providing a comprehensive software supply chain platform designed for DevOps and security.
JFrog's platform integrates various tools to automate and secure the delivery of software releases. Their offerings include JFrog Artifactory, JFrog Distribution, and JFrog Security Essentials, among others. The company serves a wide range of industries, ensuring end-to-end visibility and control over software development processes.
With a workforce of over 700 employees, JFrog continues to innovate and expand its solutions to meet the evolving needs of the software development community. The company's commitment to enhancing software supply chain management has made it a trusted partner for many organizations worldwide.
How Much Funding Has JFrog Raised?
- Series A
- Amount Raised: $3.5M
- Date: June 2012
- Lead Investors: Gemini Israel Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand their initial product offerings and establish a market presence.
- Series B
- Amount Raised: $7M
- Date: July 2014
- Lead Investors: Dell Technologies Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product development.
- Series C
- Amount Raised: $50M
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand their customer base.
- Series D
- Amount Raised: $165M
- Date: October 2018
- Lead Investors: Insight Partners
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To drive product innovation, support expansion into new markets, and accelerate growth.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: September 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand their market reach and enhance their product offerings.
Total Amount Raised: $225.5M
Current Valuation: Over $1 billion
Key Investors
- Insight Partners
- Details: Insight Partners is a leading global private equity and venture capital firm that invests in high-growth technology and software companies. Jeff Horing, co-founder and managing director, joined JFrog’s Board as part of their investment.
- Investment Focus Areas: Technology, software, internet businesses
- Notable Investments: Twitter, Shopify, DocuSign
- Dell Technologies Capital
- Details: Dell Technologies Capital is the venture capital arm of Dell Technologies, focusing on early to growth-stage technology companies. They have been a consistent investor in JFrog's funding rounds.
- Investment Focus Areas: Technology, early-stage companies, innovation
- Notable Investments: Zscaler, DocuSign, MongoDB
- Sapphire Ventures
- Details: Sapphire Ventures partners with visionary teams and venture funds to build companies of consequence. They have participated in multiple funding rounds for JFrog.
- Investment Focus Areas: Technology, enterprise software, growth-stage companies
- Notable Investments: LinkedIn, Box, Square
- Battery Ventures
- Details: Battery Ventures is a global, technology-focused investment firm that pursues the most promising companies and ideas. They have been involved in JFrog's growth journey.
- Investment Focus Areas: Technology, software, IT, industrial technology
- Notable Investments: Nutanix, Coupa, Glassdoor
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups led by creative thinkers. They joined JFrog's Series D funding round as a new investor.
- Investment Focus Areas: Media, entertainment, technology
- Notable Investments: Twitter, Slack, Oculus
What's Next for JFrog?
As JFrog looks to the future, the opportunities are vast. The company is poised to capitalize on the growing demand for continuous software updates and DevOps practices. With a valuation north of $1 billion and a goal to reach a billion dollars in revenue by 2025, JFrog is well-positioned to expand its market presence and product offerings.
Future fundraising could be on the horizon to support these ambitious goals, potentially leading to further acquisitions to enhance their technology stack. However, challenges such as managing rapid growth and staying ahead in a competitive landscape will require strategic planning and execution.
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