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M&A Deal Summary

JFrog Acquires Qwak AI

On June 25, 2024, JFrog acquired internet software and services company Qwak AI

Acquisition Highlights
  • This is JFrog’s 4th transaction in the Internet Software and Services sector.
  • This is JFrog’s 4th transaction in the United States.
  • This is JFrog’s 1st transaction in New York.

M&A Deal Summary
Date 2024-06-25
Target Qwak AI
Sector Internet Software and Services
Buyer(s) JFrog
Deal Type Add-on Acquisition

Target

Qwak AI

New York, New York, United States
Qwak AI helps data science teams from infrastructure concerns, enabling them to focus on what matters most. Our scalable platform simplifies and automates the creation of tailored AI & ML solutions. Qwak AI was founded in 2020 and is based in New York City.

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Buyer(S) 1

Buyer

JFrog

Sunnyvale, California, United States
Category Company
Founded 2008
Sector Software
Employees1,600
Revenue 428M USD (2024)
DESCRIPTION

JFrog is a provider of software management and distribution for all DevOps needs. JFrog’s four products, JFrog Artifactory, the Universal Artifact Repository, JFrog Bintray, the Universal Distribution Platform, JFrog Mission Control, for Universal Repository Management, and JFrog Xray, Universal Component Analyser, are used around the world and available as open-source, on-premise, and SaaS cloud solutions. JFrog was formed in 2008 and is based in Sunnyvale, California.

DEAL STATS #
Overall 8 of 8
Sector: Internet Software and Services M&A 4 of 4
Type: Add-on Acquisition M&A Deals 8 of 8
State: New York M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Upswift

Tel Aviv, Israel

Upswift is a scalable, cloud-based platform that delivers continuous monitoring, visibility, control, and secure, over-the-air (OTA) updates to a wide range of edge and IoT devices. Upswift was founded in 2018 and is based in Tel Aviv, Israel.

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