Co-founder and CEO at JFrog Shlomi Ben-Haim. ( JFrog)
Israeli liquid software company JFrog hit a market cap of $5 billion on Thursday when its shares rose by a whopping 28%. The jump in value came after JFrog issued a strong earnings expectation for 2024 of $424 million and $428 million, or a full-year adjusted earnings per share of between $0.58 and $0.60.
Also, JFrog’s revenue grew 27% year over year to $97.3 million.
Founded in 2008, JFrog boasts that its products seamlessly integrate with practically any development environment on Earth, from legacy code to the most recent containers and micro-services. JFrog says that it is on a mission to enable the flow of software “seamlessly and securely from the developer’s keystrokes to production.” The end-to-end, hybrid JFrog Platform, boasts the company, provides the “tools and visibility required by modern software development organizations to fully embrace the power of DevOps.”
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JFrog’s universal, multi-cloud DevOps platform is available as open-source, self-managed and SaaS services on AWS, Microsoft Azure and Google Cloud. JFrog has millions of users and thousands of customers, including a majority of the Fortune 100 companies that depend on JFrog solutions to manage their mission-critical software delivery pipelines.
Meanwhile, Israeli cyber startup KTrust came out of stealth bringing in $5.3 million in a Seed round of fundraising.
Founded in 2023, KTrust boasts that the firm redefines Kubernetes (K8s) security. By “mastering” K8s attack flows, the company empowers DevSecOps by uncovering innovative paths, continuously validating real exposures, and automating mitigation for each unique ecosystem.
The K8s-native Continuous Threat Exposure Management (CTEM) platform blends CVEs, MITRE, and proprietary unique K8s attack flows, ensuring businesses are always one step ahead of evolving threats.
Kubernetes, also known as K8s, is an open-source system for automating the deployment, scaling, and management of containerized applications.
“KTrust introduces a proactive approach to K8s security that has been missing until now. KTrust continuously assesses your K8s security threat posture by challenging your critical assets with advanced attack pathways,” said Nadav Toledo, CEO and co-founder. “Our in-house research lab is dedicated to uncovering novel attack vectors to constantly refine our attack algorithms, ensuring validation and identification of attack vectors tailored to every dynamic environment.”
