COSS Community 🌱

Cover image for COSS Weekly #103
Joseph (JJ) Jacks for COSS Community

Posted on

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 πŸ˜‹ 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 Crowd.dev, Elon Musk's first days at Twitter, big updates from Godot, and StabilityAI making news again!

Enjoy!


πŸ’° 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
  • Crowd.dev, a community building platform for dev tools, announced their €2.2M pre-seedΒ 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:Β @OSSCapitalΒ ("seed VC" approach, led by me - launched in 2018) andΒ @OpenCoreVentureΒ ("incubator" approach, led byΒ @sytsesΒ - launched this year) 🧡"Β 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.Β https://t.co/2hFlY3dwxS"Β Link

πŸ“š COSS Content

  • Heavybit: "Milestones for founding an #OSS startup: βœ… Roadmap βœ… Messaging βœ… License βœ… Community βœ… Infrastructure βœ… Funding βœ… BusinessModelΒ https://t.co/jU2ogEEwHOΒ https://t.co/0zEPSeWJ9h"Β Link

  • Elad Gil: "Fireside chat wΒ @EMostaqueΒ CEO ofΒ @StabilityAIΒ in SF TONIGHT Oct 24 7pm PT Livestream:Β https://t.co/RWuXW34KC8Β *https://t.co/4lEIh87s5vΒ journey *Stable Diffusion & Generative AI *Use cases & startup opptys *Open source & AI *AI safety *Global AI"Β Link

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

  • Igor Kotua: "Finally, open-source fintech is coming! Check out these awesome products -Β @formancehqΒ -Β @uselotusioΒ -Β @GetLagoΒ -Β @TigerBeetleDBΒ -Β @openbb_financeΒ -Β @moov"Β Link

  • 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)"Β 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)Β https://t.co/llDyUCrOWV"Β Link

  • 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.Β https://t.co/7iiiDPlT5x"Β Link

  • Juan Linietsky: "Same stats as of 2022: Peak daily active users: 33k Installs: ~4-8m Unique monthly website visits: 750kΒ @godotengineΒ is on πŸ”₯πŸ”₯.Β https://t.co/q1BJQK4bGA"Β Link

  • Emad: "Finalising details for an independent #stablediffusion foundation as discussed on Monday talk withΒ @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 πŸ™"Β 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.. πŸ€”)Β https://t.co/OWJh2MAfBr"Β Link

  • OpenBB πŸ¦‹: "OpenBB Bot price update! Check out our new plans, and join over 25,700 OpenBB Bot users πŸ¦‹Β https://t.co/w3qVBlA6NM"Β Link

  • AppFlowy: "v0.0.6 is outΒ https://t.co/Hq5Lk8LSzH,Β a major upgrade to AppFlowy's editor experience πŸ†• Support '/' to insert contents, Markdown syntax, and more shortcuts πŸ†• Say Hello to appflowy_editor, a highly customizable rich-text editor for Flutter byΒ @appflowyΒ https://t.co/h5Be6MPhQYΒ https://t.co/lh4KYECTG1"Β Link

  • Sebastian: "Huge advantage forΒ @rometoolsΒ 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.Β https://t.co/JiyBBFykOS"Β Link

  • Answer.dev: "Answer is available! An Open Source Q&A Community Software. #OpenSource #community #developersΒ https://t.co/UlCnmAydD2"Β Link

  • 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 πŸ˜… I don't agree with the Next philosophy, so I built Remix. Read more about our philosophy here πŸ‘‡Β https://t.co/IF4kWeMTfJ"Β Link

  • 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!Β https://t.co/rmpzHPDnWH"Β Link

  • JJ: "Can't wait for this ...Β https://t.co/SMfyd5BoFX"Β Link

  • clem πŸ€—: "We just crossed 1,000,000 downloads of Stable Diffusion on theΒ @huggingfaceΒ hub! Congrats to Robin Rombach, Patrick Esser, Compvis,Β @runwaymlΒ @StabilityAI, everyone who participated and the whole open-source community. Such a milestone!Β https://t.co/XwW3CSX02SΒ https://t.co/w15oTeRR7K"Β Link

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

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

  • JJ: "On this day exactly 1 year ago, I drew this for the first time --- visualizing our multi-decade thesisΒ @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. 😊 https://t.co/W9osd9w5Oo"Β Link


πŸ’ΈΒ 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.Β https://t.co/C1lZ83mc0P"Β Link

πŸ› οΈ COSS Jobs

  • 6,739 jobs and 249Β 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. sebastian@rome.tools"Β Link

πŸ“Š $COSS - Public Markets

  • $COSS markets upΒ 2.74%Β last week

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

Koyfin market data

Top comments (0)