JFrog acquires Qwak AI for MLOps boost

JFrog Ltd. (NASDAQ: FROG) has recently announced its definitive agreement to acquire Qwak AI Ltd., a move aimed at enhancing JFrog's solution with advanced MLOps (Machine Learning Operations) capabilities. The acquisition is expected to provide a unified and scalable solution for DevOps, security, and MLOps stakeholders.

The integration between JFrog and Qwak solutions, based on JFrog’s “model as a package” approach, is anticipated to streamline the process of bringing models to production, eliminating the need for separate tools and compliance efforts. This development aligns with the growing market demand for a single platform experience across the software supply chain.

According to the press release, the acquisition of Qwak will expand JFrog's solutions with various capabilities, including a unified platform for DevSecOps and MLSecOps, fast and straightforward model serving into production, model training and monitoring, and ensuring provenance and security of AI in the development workflows.

The company also reaffirmed its Q2 and FY2024 financial guidance, originally provided on May 9, 2024.

JFrog's CEO and co-founder, Shlomi Ben Haim, emphasized the importance of the acquisition, stating that the integration of Qwak's MLOps solution with JFrog's platform will empower customers' AI journey, enhance user efficiency, and provide a unified platform experience for various operational aspects.

The press release also highlighted the role of MLOps in the operationalization of AI, citing Gartner's projection that 75% of companies will shift from piloting to operation of AI by the end of 2024.

JFrog plans to assimilate Qwak’s talent into the company and accelerate the process of technology integration to bring Qwak technology into the JFrog platform. Additionally, the company aims to continue delivering integrations with other leading MLOps ecosystem partners to provide developers and ML engineers with the freedom of choice.

The market has reacted to these announcements by moving the company's shares 3.2% to a price of $34.85. If you want to know more, read the company's complete 8-K report here.

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