Israeli company Jfrog, which develops software for the DevOps sector, has announced the acquisition of startup Qwak.
The deal is valued at $230 million. Founded just three years ago, Qwak has developed a platform that reduces the need for infrastructure in developing machine learning models, allowing users to focus on the core aspects of their work.
Jfrog, whose shares are traded on the NASDAQ, is valued by the market at $3.3 billion.
