Here's the one-hundred eighteenth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every weekend by the team at OSS Capital, creators and stewards of COSS Community and Open Core Summit.
We deliver only the most fresh 😋 news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).
Last week saw $85.7M in funding announcements from Descope, Oligo, and Pydantic, a public announcements for FOSS Infrastructure funding from OSS Capital, news about AI and gaming, and Nostr updates.
💰 COSS Funding: $85.7M
- Descope, an authentication and user management tool, announced their $53M Seed led by Lightspeed Venture Partners. Link
- Oligo, a security solution for open-source libraries based on eBPF, announced $28M in Seed and Series A funding led by Lightspeed Venture Partners. Link
- Pydantic, a Python library and data validation framework, announced their $4.7M Seed led by Sequoia. Link
- JJ: "CFP: Call For Proposal ... As @OSSCapital grows into a meaningful business, I'd like to publicly follow through on this promise I've made: we are committing 1% of our carried interest and 1% of our fees to under-funded and critical FOSS. Please DM or email me at email@example.com... https://t.co/nMOb9tTWzQ" Link
📚 COSS Content
JJ: "Setup a new PS5. The number of seemingly endless (10+ minutes worth) of privacy setting hoops and "do you agree to share this 29th type of data?!?" questionnaires blocking the gaming experience... Open source gaming platforms cannot come soon enough, from the engine to the... https://t.co/RuLF7k5Ent" Link
JJ: "Free idea: @Cloudflare should launch a totally subsidized (aka free) paid Nostr relay network with 100,000+ compute nodes --- randomized delegated infra control from rack space (memory / chip / networking specs) to bandwidth management. Expose a standard open source stack on each... https://t.co/PWlH1CJSWQ" Link
nocodb: "Time for some Monday Magic ✨ Did you know NocoDB can auto-generate table schemas from file imports? Then you can manage all the data from the frontend! Upload your favorite #Superbowl stats in CSV, JSON, AirTable, and Excel files and keep track. 🏈 https://t.co/0ohu3Ob5hs" Link
Juan Linietsky: "While generally low profile, there has been a good amount of contribution to @godotengine development from @W4Games during the past year, mainly in the areas of rendering and networking. There will be much more to come this year! https://t.co/Uvymjn8XFZ" Link
nocodb: "Catch us on Youtube exploring the latest merges to NocoDB in our new series, "Merge Alert." 🚨 Our first episode presents innovations to our Display Value Column! 📊 Be the first to watch here: https://t.co/ZyBuB8Uv8F https://t.co/Wgo2lAb8AR" Link
Juan Linietsky: "The transition of Godot to its own independent foundation is going well, but once its done, the project will need to signidicantly increase its funding. The development peace required for releasing Godot 4 burned through more funds than the current income can sustain.. https://t.co/nByuZQxzGG" Link
Automattic: "Our very own @photomatt wrote the foreword, and Automatticians Akshay Kapur, Anne McCarthy, and Steph Yiu were 3 out of 30 experts consulted on leadership, coaching, and DEI in remote workplaces. If you'd like to get your hands on a copy, head to https://t.co/EaNByNs8oU 📖" Link
JJ: "TIL about a big enterprise intent on migrating fully off Salesforce onto an open source CRM. 🔥" Link
Open Source Startup Podcast🎙: "New Open Source Startup Pod featuring @nikitabase, CEO of serverless postgres database platform @neondatabase⚡️ In this episode, we dig into starting a scalable alternative to AWS Aurora, why separate storage & compute, the "DevCloud" movement & more 🎧 https://t.co/RqUBbvqWGX https://t.co/dTwHcgFYST" Link
Dries Buytaert: "I recently discovered #Nostr, a decentralized social network that I find exciting and promising. In this blog post, I share my initial impressions on Nostr, compare Nostr with #Mastodon and #ActivityPub, and discuss the potential of Nostr's Zaps. https://t.co/yOkdDECza8" Link
Elad Gil: "No Priors ep #3 is out, w/@EMostaque of @StabilityAI! @saranormous and I talk: -the LLM landscape -scaling laws -progress in different modalities -making money in own source -frameworks for AI governance -and why the future of AI is open https://t.co/0hkgDEqcc2... https://t.co/UsZ5Vv72Eg" Link
Ry Walker: "The Dual Flywheels of Modern Open Source Commercialization 1. Open source your core. 2. Build a managed SaaS around it ASAP. 3. Keep the OSS and SaaS flywheels spinning at ~ the same speed. Doesn't have to be perfect. 4. If one starts spinning faster than https://t.co/HbUU9dDHqj... https://t.co/NzpeK4W7aL" Link
Wei Lien Dang: "Hot take 🔥: In some markets, OSS companies have an unfair advantage and building w/ #OSS is better than going fully closed source. Today we're announcing @Unusual_VC's new OSS Field Guide, an in-depth resource to help founders go from open-source idea to product-market fit. 🧵 https://t.co/rtuKjZyeJu" Link
JJ: "LLMs may replace keystrokes and mouse/cursor movements and clicks by orders of magnitude ... imagine if you could simply tell your app in natural language which state/config you want it in? 10-100X faster than clicks + cursor movements by hand. All apps will build for this............ https://t.co/jyjZh95204" Link
Chris Aniszczyk (@firstname.lastname@example.org): "I'd like to see more VCs (and startups) do this type of thing, @theopenssf has a list of critical FOSS that can be useful for this too! https://t.co/F4Wl8Xv64r" Link
JJ: "Open source maximizes the pace of human progress. Closed source rate-limits the pace of human progress. Choose your own adventure." Link
Elon Musk: "@GRDecter OpenAI was created as an open source (which is why I named it "Open" AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all." Link
Algora: "✨ OSS Interviews #9 | @liyasthomas founder of @hoppscotch_io 👽 Open source API development ecosystem 👏 1M+ active users 🥳 100k+ MAUs ⭐ 50k stars! 🥰 Liyas shared sponsorships with contributors 🎥 Full interview (33min): https://t.co/BlcTufehro #opensource #oss #coss https://t.co/TB5gd8IkdK" Link
JJ: "'Linux is a cancer.' - Steve Ballmer 'The way to deal with runaway AI is to make sure it never runs away.' - Satya Nadella" Link
Elad Gil: "'AI Platforms, Models, and Open Source' Highly speculative, overly long, probably incorrect post on: -Do foundation models become an oligopoly market? -Do OS LLMs get back by major co, country, or philanthropy? -GPT N vs GPT N-1 https://t.co/IMs82ZJvc2" Link
JJ: "WordPress is only 9% away from powering the majority of websites on the entire internet. What an incredible achievement for an open source project --- truly Linux level success." Link
💸 COSS Liquidity (M&A + IPOs)
No COSS Liquidity announcements this week.
🛠️ COSS Jobs
- 3,885 jobs and 264 companies hiring! Link
- Scott Draves: "Interested in joining the generative AI revolution? Good news: https://t.co/wiukcBnAPD, the open source leader of the field, is hiring across the board world-wide. I just started here three weeks ago and I can't tell you how excited I am to share this with you. 1/" Link
📊 $COSS - Public Markets
$COSS markets up 7.56% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.