JFrog Ltd.’s development tools are used by more than 4,500 companies, including Amazon.com Inc., Google LLC, Facebook Inc. and 70 percent of the Fortune 100. The startup’s investors are betting that it can continue growing this installed base.

JFrog today announced that it has secured $165 million in new late-stage funding at a valuation exceeding $1 billion. The Series D round was led by Insight Venture Partners with backing from more than a half-dozen other backers, including Dell Technologies Inc.’s venture capital arm.

Sunnyvale, California-based JFrog is best known as the maker of the open-source Artifactory system. Whereas platforms such as GitHub are geared towards hosting code, Artifactory is used to store binaries, the files that are created when developers convert their raw code into a functioning software component. The system boasts more than 5 million users worldwide.

JFrog sells a commercial version of Artifactory for enterprises alongside other paid products that serve various complementary functions. In May, the startup introduced JFrog Enterprise Plus, a platform that combines the tools into an integrated offering. The platform enables companies to create internal binary repositories, check every file for security issues and create workflows to automate the release of software.

The solution is positioned as a “universal” platform for managing application updates. JFrog’s tools work with both on-premises and cloud environments, as well as a wide range of enterprise technologies ranging from the Docker software container engine to popular software release automation tools.

JFrog said that the new funding will be used to fuel continued product development, geographic expansion and “both organic and inorganic growth.” This latter point indicates that the startup’s business plans include more acquisitions. It has made four to date, the most recent of which was the purchase of development consulting firm Trainogic Ltd. last week.

JFrog has raised a total of $226 million in funding from investors. This latest round comes only a few weeks after GitLab Inc., a prominent GitHub competitor, joined the unicorn club as well with a $100 million funding round.

JFrog founder and Chief Executive Shlomi Ben Haim spoke last year with theCUBE, SiliconANGLE Media’s video studio:

Photo: JFrog