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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #103

Here's the one-hundred third 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 $52.3M in funding for Fermyon, Devtron, Cosmonic, Grafbase, Netmaker, and, Elon Musk's first days at Twitter, big updates from Godot, and StabilityAI making news again!


💰 COSS Funding: $52.3M

  • Fermyon, building serverless dev tools for Web Assembly, announced their $20M Series A led by Insight Partners. Link
  • Devtron, a low-code platform for Kubernetes, announced their $12M funding round led by Insight Partners. Link
  • Cosmonic, a WebAssembly PaaS, announced their $8.5M Seed led by Vertex Ventures. Link
  • Grafbase, a serverless backend, announced their $7.3M Seed led by Next47. Link
  • Netmaker, a virtual networking platform, announced their $2.3M funding led by Lytical Ventures. Link
  •, a community building platform for dev tools, announced their €2.2M pre-seed led by Seedcamp and Lightbird. Link
  • JJ: "There are now exactly 2 well-funded ($100M+ each) platforms focused exclusively on investing in COSS founders at the earliest stage: @OSSCapital ("seed VC" approach, led by me - launched in 2018) and @OpenCoreVenture ("incubator" approach, led by @sytses - launched this year) 🧵" Link
  • The Information: "The Information Scoop: The CEO of Stability AI, on the heels of three equity funding deals, recently talked to investors about raising another $1 billion.

📚 COSS Content

  • Heavybit: "Milestones for founding an #OSS startup: ✅ Roadmap ✅ Messaging ✅ License ✅ Community ✅ Infrastructure ✅ Funding ✅ BusinessModel

  • Elad Gil: "Fireside chat w @EMostaque CEO of @StabilityAI in SF TONIGHT Oct 24 7pm PT Livestream: * journey *Stable Diffusion & Generative AI *Use cases & startup opptys *Open source & AI *AI safety *Global AI" Link

  • JJ: "Open Source ALWAYS transcends every transitory hype cycle: Open AI > Closed AI Open Web3 > Closed Web3 Open SaaS > Closed SaaS" Link

  • Igor Kotua: "Finally, open-source fintech is coming! Check out these awesome products - @formancehq - @uselotusio - @GetLago - @TigerBeetleDB - @openbb_finance - @moovLink

  • Thomas Dohmke: "For the first time, GitHub has surpassed $1 billion in ARR. This achievement is a direct testament to the ingenuity and dedication of our Hubbers, and the longstanding trust held in us by the developer community and our customers. And we know this is just our beginning.(1/3)" Link

  • Mitchell Hashimoto: "10 years ago to the day, I filed the articles of incorporation to form HashiCorp! (Technicality: this is the CA corp, we reincorporated in Delaware the following year)

  • Matt Asay: "If I'm reading this right while maths macro economy had a negative effect on Google's earnings its cloud business outperformed. Google Cloud's open approach to innovation and partnering seems to be paying off.

  • Juan Linietsky: "Same stats as of 2022: Peak daily active users: 33k Installs: ~4-8m Unique monthly website visits: 750k @godotengine is on 🔥🔥.

  • Emad: "Finalising details for an independent #stablediffusion foundation as discussed on Monday talk with @eladgil, Getting trademarks, governance etc set up with great input from open source experts Looking forward to seeing this grow for the good of all 🙏" Link

  • Juan Linietsky: "More Godot stats, very large growth these past year in Google Trends (people looking for it), with a large notch some months ago (wonder why.. 🤔)

  • OpenBB 🦋: "OpenBB Bot price update! Check out our new plans, and join over 25,700 OpenBB Bot users 🦋

  • AppFlowy: "v0.0.6 is out, a major upgrade to AppFlowy's editor experience 🆕 Support '/' to insert contents, Markdown syntax, and more shortcuts 🆕 Say Hello to appflowy_editor, a highly customizable rich-text editor for Flutter by @appflowy

  • Sebastian: "Huge advantage for @rometools is how quickly we lint after even a single keystroke. Shown below is a video comparing Rome and ESLint and how much a difference it makes. Especially when VSCode/ESLint clears lint errors during a refresh. Results in a hover delay.

  • "Answer is available! An Open Source Q&A Community Software. #OpenSource #community #developers

  • MJ: "The difference between Next and Remix is largely a philosophical one. We'll both eventually have similar features. They even have an "app" folder now 😅 I don't agree with the Next philosophy, so I built Remix. Read more about our philosophy here 👇

  • MJ: "Got it! So crazy. You all rock 🤘 Building React Router has been one of the most rewarding experiences of my career. Open source is so cool. Onward to 2 billion!

  • JJ: "Can't wait for this ...

  • clem 🤗: "We just crossed 1,000,000 downloads of Stable Diffusion on the @huggingface hub! Congrats to Robin Rombach, Patrick Esser, Compvis, @runwayml @StabilityAI, everyone who participated and the whole open-source community. Such a milestone!

  • JJ: ""Open source AIs will transform our digital existence from an internet of consumption to an internet of creation" --- @EMostaque Strongly agree. Probably the most exciting shift in technology since the discovery of the computer itself." Link

  • JJ: "Open vs Open alternatives are AS necessary as Open vs Closed. For example, @TauriApps offers step function improvements over @electronjs. Similarly, @hoppscotch_io offers step function improvements over @getpostman. Both examples are in their infancy but profoundly promising." Link

  • JJ: "On this day exactly 1 year ago, I drew this for the first time --- visualizing our multi-decade thesis @OSSCapital. This drawing was motivated by an important question Bob Young (co-founder of Red Hat) asked me... "Why are you doing this?". I've since digitized the scribble. 😊

💸 COSS Liquidity (M&A + IPOs)

  • Vercel: "Vercel has acquired Splitbee, the privacy-friendly analytics platform, to help eliminate cookie banners and third-party tracking on the Web.

🛠️ COSS Jobs

  • 6,739 jobs and 249 companies hiring! Link
  • Sebastian: "Rome is hiring. Actively. If you're excited about JavaScript tooling in Rust, are building something amazing then we want to hear from you. We are a company that can give you and your projects the support they need." Link

📊 $COSS - Public Markets

  • $COSS markets up 2.74% last week

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

Koyfin market data

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