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JFrog lands $165M investment as valuation jumps over $1 billion

JFrog wants to change the way we deal with software updates. Instead of large numbered updates you have to manually download, it sees a future of continuous delivery where software is delivered as binaries and updated in the background. Investors must like that vision very much because they showered the company with a $165 million Series D investment today, which it says pushes its valuation past the billion-dollar mark. The round was led by Insight Venture Partners, and as part of the deal Insight’s co-founder and managing director, Jeff Horing will be joining the JFrog board. Other investors joining the round included new investors and Silicon Valley Funds, Spark Capital and Geodesic Capital, as well as existing investors Battery Ventures, Sapphire Ventures, Scale Venture Partners, Dell Technologies Capital and Vintage Investment Partners. Today’s investment pushes the total invested to-date to over $226 million. What the company has done to justify this kind of investment is offer a series of products that enable customers to deliver code in the form of binaries. That in turn allows them to deliver updates on a regular basis in the background without disturbing the user experience. In a world of continuous delivery, this approach is essential. You couldn’t deliver multiple updates a day if you had to take down your service every time you did it. The JFrog platform is actually made up of multiple products, but the main one is JFrog Artifactory where companies can add the latest binaries (updates) and deliver them to customers in the background. It’s not unlike, GitHub, but whereas GitHub is a repository for downloading software and updates, the Artifactory is a place to deliver these updates automatically without user involvement. It also handles other DevOps functions like security, access control and distribution. JFrog platform. Diagram: JFrog CEO and co-founder Shlomi Ben Haim was happy to reveal that the company’s valuation had entered unicorn territory, but he wasn’t willing to share an exact number. “I don’t want to get into details, but we exceeded the billion dollar valuation. We are north of $1 billion already and we are building…

Armory lands $10M Series A to bring continuous delivery to enterprise masses

Armory, a startup that has built a CI/CD platform on top the open source Spinnaker project, announced a $10 million Series A today led by Crosslink Capital. Other investors included Bain Capital Ventures, Javelin Venture Partners, Y Combinator and Robin Vasan. Software development certainly has changed over the last several years, going from long cycles between updates to a continuous delivery model. The concept is actually called CI/CD or continuous integration/continuous delivery. Armory’s product is designed to eliminate some of the complexity associated with deploying this kind of solution. When they started the company, the founders made a decision to hitch their wagon to Spinnaker, a project that had the backing of industry heavyweights like Google and Netflix. “Spinnaker would become an emerging standard for enabling truly multi-cloud deployments at scale. Instead of re-creating the wheel and building another in-house continuous delivery platform, we made a big bet on having Spinnaker at the core of Armory’s Platform,” company CEO and co-founder Daniel R. Odio wrote in a blog post announcing the funding. The bet apparently paid off and the company’s version of Spinnaker is widely deployed enterprise solution (at least according to them). The startup’s ultimate goal is to help Fortune 2000 companies deploy software much faster — and accessing and understanding CI/CD is a big part of that. As every company out there becomes a software company, they find themselves outside their comfort zones. While Google and Netflix and other hyper-scale organizations have learned to deploy software at startling speed using state of the art methodologies, it’s not so easy for most companies with much smaller engineering teams to pull off. That’s where a company like Armory could come into play. It takes this open source project and it packages it in such a way that it simplifies (to an extent) the complex world that these larger companies operate in on a regular basis, putting Spinnaker and CI/CD concepts in reach of organizations whose core competency might not involve sophisticated software deployment. All of this relates to multi-cloud and cloud-native approaches to software development, which lets you manage your…

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