JFrog raises $165m. in private funding

Software firm Glassbox gets $25m.

JFrog, the US-Israeli provider of technology that delivers software updates to devices, said on Thursday it had raised $165 million in a private funding round led by New York-based Insight Venture Partners.

JFrog, which says it is valued above $1 billion, said the funds would drive product innovation, support expansion into new markets and accelerate organic and inorganic growth.

The firm previously raised $62m., including $52m. in 2016. JFrog offers a solution for software artifacts – small building blocks that deliver software updates to devices.

“Users expect their software to update continuously, non-intrusively, seamlessly,” the company said.

“It is not acceptable that you get into your car and it will not start because of a software update. Think about your Facebook or LinkedIn. Do you really know what version of their software you’re running? You don’t, because it’s seamless to you.” JFrog said that since its previous funding round two years ago, sales had grown more than 500%.

It has more than 4,500 customers, including Amazon, Facebook, Google, Netflix, Uber and Spotify.

Also, Glassbox, an Israeli provider of customer management technology, said on Thursday it raised $25m. in a round of financing led by Updata Partners, a software-focused growth equity firm based in Washington.

Ibex Investors, CEIIF, the venture arm of CreditEase, and Gefen Capital also participated in the funding, which takes its total capital raised to $32.5m.

The investment will help Glassbox grow globally while accelerating product development efforts related to its automatic insight capabilities. Glassbox’s platform enables companies to optimize digital customer experiences across web, mobile web and mobile applications and provides automatic insights.