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Cover image for ⭐ COSS Weekly #100 ⭐
Joseph (JJ) Jacks for COSS Community

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⭐ COSS Weekly #100 ⭐

Here's the one-hundredth issue 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 $47.8M in funding for Eclypsium, CrowdSec, and Lightdash, major milestones and discussions from OSS Capital, ambitious updates from Rome Tools and ClickHouse — and the start of Hacktoberfest, including COSS participants AppflowyBoxy, and MindsDB!

Enjoy COSS 100!!! 🚀🚀🚀


💰 COSS Funding: $47.8M

  • Eclypsium, a firmware security platform for devices, announced their $25M Series B led by Ten Eleven Ventures. Link
  • CrowdSec, a collaborative Intrusion Prevention System and security suite, announced their €14M Series A led by Supernova Invest. Link
  • Lightdash, a BI tool for dbt, announced $8.4M in funding led by Accel and Moonfire Ventures. Link
  • Bloomberg Technology: "MuleSoft founder Ross Mason is seeking investment for a $100 million venture capital fund to back software startups at their earliest stages of development https://t.co/1xDcmJv1aGLink

📚 COSS Content

  • JJ: "4 years ago yesterday!!! Flew by... Here's to another 40 🤝 https://t.co/gTjP4F3tA6Link

  • Sid Sijbrandij: "It is amazing how successful the Etherium merge was: the Proof of Work (PoW) alternative, Ethereum PoW ($ETHW), has a value of less than 1% of the proof of stake coin. BTW Is there an organization that shorts PoW coins with little hash power and does a 51% attack? Probably legal." Link

  • John Carmack: "Stable Diffusion has got to be one of the most appealing targets for serious GPU optimization in the open source world — what kind of efficiency analysis has been done on the original PyTorch model, and what gains have been demonstrated so far? Has Nvidia hand optimized it yet?" Link

  • Open Source Startup Podcast🎙: "E55 of the Open Source Startup Podcast is UP🎙️ Check out @amanda_robs & @tnachen convo w/ @glcst, the founder of backend-as-a-service co @ChiselStrike https://t.co/lRg4DUeSuaLink

  • Rome Tools: "We just released v0.10.0! https://github.com/rome/tools/blob/main/CHANGELOG.md#0100... - improved performance and memory usage - our old diagnostics are back - many new lint rules added - the formatter surpassed 90% in terms of compatibility with Prettier! - you can now ignore folders and file"  Link

  • ClickHouse, Inc.: "ClickHouse Cloud is publicly available! Sign up for a free trial at http://clickhouse.com, and read about the launch here: https://clickhouse.com/blog/clickhouse-cloud-public-betaLink

  • JJ: "All COSS startups are "Web 3.0" startups. But not all Web 3.0 startups are COSS, and they should be! Over the last 12 yrs, COSS went from a $10B~ non-category (mostly Red Hat) to a $500B+ space today... > 10 real IPOs, > $30B in revenue, > 100,000 employed, > 1,000 companies. 👀" Link

  • Peer Richelsen 🗓🍊: "new metric on https://t.co/moetYjKRMQ: distribution of our GitHub issues by label https://t.co/EuDMmFOhUrLink

  • OpenBB 🦋: "Our Goal with #OpenBBBot is to have a bot where you can share investment ideas and data with your trading community across your favorite social media platform. 🧵 https://t.co/qjMC0c8Az6Link

  • Innovation Partnerships: "Interested in learning more about open source software licensing strategy? Join us TOMORROW, October 6th, as software licensing thought-leader and founding partner of @OSSCapital @HeatherMeeker4 provides a one-of-a-kind webinar on this topic! Learn more: https://t.co/0IMJ8DV0pdLink

  • JJ: "That's how open source works. You have the keys. Your enemies do too. https://t.co/Tj3743Zz4ALink

  • JJ: "WOW. From @fpodoo, founder of @Odoo ... giant application-layer COSS in the making. > $400M NTM revenue run rate growing > 65%. They are next-generation SAP coming for all core enterprise apps. $100B+ COSS giant in the making. 👏🏼 🚀 https://t.co/9SVHmaiETxLink

  • JJ: "It would be considered ethically wrong to relegate the advancement of neuroscience to proprietary industry. Similarly, we should not relegate AI progress to proprietary industry. Thankfully, this is becoming less concerning as truly open source AI takes the world by storm." Link

  • PyQuant News: "A Bloomberg Terminal costs $27,660 per year (raising to $30,000 in 2023). It's the portal to all the world's financial data. Reserved for the Wall Street elite to outfox the normal investor. Unaffordable for 99.9% of us. Until now:" Link

  • JJ: "A lot of people ask me "How does @OSSCapital work?" ... Here's the answer: https://t.co/Cb9fHrg3Z9Link

  • Open Source Startup Podcast🎙: "E56 of the Open Source Startup Podcast is LIVE🎙️ Ft the cofounders of @HasuraHQ 👉 @rajoshighosh & @tanmaigo who talk about their journey building the platform to add @GraphQL APIs to your data Join the 22K others learning how to build an open source co👇https://t.co/wCrMN2wWzjLink

  • Rocket.Chat: "Prost! — #Hacktoberfest is here! 🍻 Participate and contribute to @RocketChat's project: everyone is welcome, regardless of your background experience! We'll love to have you along on this ride. 🚀 Learn more about how to participate here 👇 https://t.co/R1CwUDFfFULink

  • Kaya 🇰🇪: "Open-source alternatives to popular SaaS ◆ Calendly: @calcom ◆ Google Analytics: @PlausibleHQ ◆ Segment: @jitsucom ◆ Algolia: @meilisearch ◆ Rewardful: @useReflio ◆ Bitly: @Dubdotsh ◆ Shopify: @MedusaJS ◆ WorkOS: @BoxyHQ ◆ Notion: @AppFlowy ◆ Airtable: @nocodbLink

  • Emad: "Gonna to build the fastest supercomputer in the World and make it available to open source AI only, particularly to developers in emerging markets. Let's compress the World's information and make it usable everywhere. Let's make these models diverse and representative 🚀✨ https://t.co/jGZh380J7pLink

  • Jim OShaughnessy: "I haven't used or seen the OpenBB Terminal, but this doesn't surprise me--anticipate such disruptive technologies to become the norm over the next few years. https://t.co/GmPoEpViYoLink


💸 COSS Liquidity (M&A + IPOs)

No COSS Liquidity announcements this week.


🛠️ COSS Jobs

  • 6,811 jobs and 244 companies hiring! Link
  • Ben Halpern: "Hey folks, we have some open software engineering jobs! https://t.co/PofwA2HuiU Work on @ThePracticalDev and @CodeNewbies via our @forem software. Almost all open source work. Company really hitting its stride. 🙂" Link
  • Emad: "Folk have no idea how fast generative AI creation is going to advance in the next years. Come join @StabilityAI if you'd like to help shape the future of infinite creative potential, we're about to cross 100 amazing folk and 100k community members careers@stability.ai <= 🦾🚀✨" Link

📊 $COSS - Public Markets

  • $COSS markets up 1.07% last week

  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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