Morning Report: Another day, another nine-digit round for DevOps.
While the creation of app stores gave developers more room for creativity, they also left users in a perpetual state of update hell.
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JFrog, which allows developers to deliver regular, automatic updates to software in the background, has raised $165 million. The Series D investment was led by Insight Venture Partners with participation from seven additional VCs including Battery Ventures, Spark Capital, Scale Venture Partners, Dell Technologies Capital, and others.
All together, the company has raised a known total of $226.5 million. According to today’s reporting, the company is valued at north of $1 billion.
The company says it has over 4,500 customers, including 70 percent of the Fortune 100. That’s cool.
Of course, it’s important to mention that investors and large software companies have been loving developer friendly companies lately, and it shows monetarily. Gitlab, a company that is aiming to be the go-to for developers looking to do everything from creation to security testing, scored $100 million last month as it eyes an IPO. And Microsoft spent $7.5 billion on hosting and distribution platform Github back in June.
Illustration Credit: Li Anne Dias
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