Jfrog raises USD $165M, joins Unicorn Club
Jfrog, a developer of tools for managing large software projects, closed a $165 million Series D round led by Insight Venture Partners. The latest financing sets a valuation of over $1 billion for the San Francisco-based company.
A unicorn is a privately held startup company valued at over $1 billion. The term was coined in 2013 by venture capitalist Aileen Lee, choosing the mythical animal to represent the statistical rarity of such successful ventures.
Jfrog raises USD $165M, joins Unicorn Club < Business News