Jfrog

Valuation $4B

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.
Funding Rounds 6
Number of Lead Investors 3
Total Funding Amount  $226.50 million dollars
Number of Investors 12

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