About Jfrog
JFrog provides software developers with a binary repository management solution.
Headquarters
Jfrog, Sunnyvale
Founded
2008-04-28
Industry
Developer Tools, DevOps, Enterprise Software, Software, Web Development
Last Funding Type
Post Ipo Equity
Valuation
4
Total Funding
$226.50 million dollars
IPO Status
Public
Financial
JFrog experienced significant financial growth in Q4 2023 and Q1 2024, with rapid increases in cloud revenue and overall revenue. The company also posted better-than-expected sales in Q1 2024, although its stock dropped by 10.2%. JFrog's market cap reached $5 billion for the first time since 2021, driven by a promising 2024 outlook. Additionally, JFrog acquired Qwak AI to streamline AI models from development to production.
JFrog has announced a definitive agreement to acquire Qwak AI Ltd., enhancing its machine learning model capabilities. Additionally, JFrog has formed a new partnership with GitHub to deliver an integrated platform for developers. Despite these developments, JFrog's stock has experienced a decline following its first-quarter 2024 financial results, which, although beating expectations, left investors wanting more.
JFrog has announced a definitive agreement to acquire Qwak AI Ltd., enhancing its machine learning model capabilities. Additionally, JFrog has formed a new partnership with GitHub to deliver an integrated platform for developers. Despite these developments, JFrog's stock has experienced a decline following its first-quarter 2024 financial results, which, although beating expectations, left investors wanting more.
Funding Rounds
6
Number of Lead Investors
3
Total Funding Amount
$226.50 million dollars
Number of Investors
12