(Beginning from left) JFrog co-founders Yoav Landman, Shlomi Ben Haim, and Fred Simon. Photo credit: JFrog

There’s been yet another filing for a public listing over the past day, this time that of JFrog, a Sunnyvale, California-based company that develops software tools used by software developers. JFrog has listed the size of its intended offering as $100 million, that figure being a placeholder that’s prone to change. JFrog is looking to go public 12 years after its founding and with over $200 million raised as a private company. The company’s most recent funding round was a $165 million Series D in 2018 that valued it at more than $1.5 billion.

Scouring through JFrog’s S-1 filing, the company scored $94.6 million in revenues in 2019, compared to $56 million a year before. JFrog isn’t profitable, with $5.4 million in 2019 losses, down from $26 million a year earlier. For the first six months of this year, JFrog scored roughly $64 million in revenue and $426,000 in losses. Currently, JFrog has more than 5,800 enterprise customers, including 75% of the Fortune 100. The company’s business is spread globally, with customers across 90 countries.

Venture capital firms including Insight Venture Partners, Sapphire Ventures, and Scale Venture Partners hold sizeable pre-IPO stakes in JFrog and are set for possible windfalls on the public markets. Data storage giant EMC (now DellEMC) is also a shareholder.