- JFrog, known for DevOps solutions, acquires Qwak AI for $230 million.
- Qwak specializes in AI and MLOps platforms, streamlining ML development.
- Acquisition aims to enhance JFrog’s ML model capabilities and integrate MLOps solutions.
- Qwak’s technology bridges gap between data science and development teams.
- Combined efforts to offer unified platform for DevOps, DevSecOps, and MLOps.
Main AI News:
Israeli tech firm JFrog, renowned for its DevOps and DevSecOps solutions, has announced the acquisition of fellow Israeli company Qwak AI in a significant deal valued at $230 million. JFrog, listed on Nasdaq with a market cap of $3.6 billion, aims to enhance its machine learning (ML) model capabilities with this acquisition, offering a cohesive solution for DevOps, Security, and MLOps stakeholders. This move enables seamless model deployment from development to operational use.
Founded in 2020 by Alon Lev, Lior Penso, Ran Romano, and Yuval Fernbach, Qwak has made waves in the tech scene with its AI and MLOps platform. The startup, backed by $27 million from investors like Bessemer Venture Partners and Leaders Fund, streamlines the machine learning development process. By bridging the gap between data science and development teams, Qwak provides an efficient workspace that accelerates project completion and ensures models are seamlessly integrated into production environments.
Anticipated to double its sales from the previous year, Qwak’s integration into JFrog’s ecosystem promises enhanced functionalities for AI-driven application development. This strategic alignment aims to deliver a unified platform that leverages automation and modern DevOps practices, prioritizing security throughout the software supply chain.
“We’re thrilled to welcome Qwak into the JFrog family,” stated Shlomi Ben Haim, CEO and Co-founder of JFrog. “By integrating Qwak’s MLOps capabilities with our platform, we empower customers on their AI journey. Utilizing JFrog Artifactory as the model registry and JFrog Xray for secure scanning, our unified solution will optimize efficiency across DevOps, DevSecOps, MLOps, and MLSecOps.”
Alon Lev, CEO and Co-Founder of Qwak, echoed this sentiment: “Joining forces with JFrog marks an exciting chapter for us. Our vision has always been to revolutionize collaboration between software developers and Data Scientists in deploying AI assets. With JFrog’s Software Supply Chain Platform, we’re pioneering a streamlined approach to integrating secure AI models into applications, ensuring reliability and scalability.”
Conclusion:
This acquisition positions JFrog at the forefront of AI integration within the software supply chain market. By incorporating Qwak’s advanced MLOps capabilities, JFrog strengthens its ability to deliver secure and efficient AI-driven solutions. This move not only enhances JFrog’s product offerings but also underscores a strategic commitment to meeting evolving market demands for integrated DevOps and AI solutions.
