US-Israeli DevOps firm JFrog, a company that automates software updates, announced last week they have raised $165 million in a Series D funding round, bringing their total money raised $226.5 million, according to US tech news site VentureBeat. The company now has a valuation of more than $1 billion, various media outlets report.
The round led by New York-based Insight Venture Partners. Geodesic Capital and Spark Capital also participated, with current investors that include Dell Technologies subsidiary VMware Inc., Battery Ventures LP, Scale Venture Partners, Gemini Israel Ventures, and Qumra Capital Management Ltd.
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Insight Venture managing director and co-founder Jeff Horing will join the JFrog board of directors, the company said.
Founded in Israel by Frederic Simon, Shlomi Ben Haim, and Yoav Landman in 2008, JFrog has two products that help developers distribute and manage software releases by providing them with a binary repository management solution. This solution is delivered to customers through code in the form of binaries, so it can be delivered regularly without harping on the user experience.
JFrog has offices in Sunnyvale, California and Netanya, Israel with other locations in Beijing, China, Toulouse, France and Bengaluru, India.