According to JFrog founder and CEO Shlomi Ben Haim, the software world is currently controlled by "domain dictators" and it needs "a universal powerful solution that supports all technologies and software packages".
$50m is one of the largest VC investment rounds in the entire DevOps market history, Ben Haim said.
According to the company, it is "revolutionising how developers and DevOps teams manage binary artifacts" through its JFrog Artifactory, an artifact repository that can be used to build a continuous integration pipeline.
An artifact is one of many kinds of tangible by-products produced during the development of software. The aim of using artifacts is to help describe the function, architecture, and design of software.
In a software context, the term artifacts is connected with the process of development itself -- such as project plans, business cases, and risk assessments.
Artifacts are usually tied to specific components within a software structure, which can make the interconnection of all these components immensely complex and difficult to understand or follow. Hence there is a need for tools like JFrog, which, the company claims, is the "only universal Artifact Repository Manager on the market" and will support any software packages created by any language or technology.
"JFrog is at the epicenter of the merger between dev and ops teams," said Andy Vitus, partner at Scale Venture Partners. "JFrog is automating a large number of processes that previously were tedious, prone to introducing bugs in production code, and highly insecure."
Ben Haim believes that the DevOps and developer teams needs "a multi-package, highly available and secured end-to-end solution".
According to the company, JFrog currently has around 1,500 paying customers, 100 employees worldwide, and more than 800 million software package downloads a month.