Here's the one-hundred fifteenth 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 $26.6M in funding announcements from AtomicJar and Argilla, RedHat crossing $1 billion in ARR with OpenShift, $100M+ in acquisitions from Dell and Mirantis, Cal.com at #1 on HackerNews, COSS on the Tim Ferris podcast, and updates on Nostr, Godot, Rowy, NocoDB, and more!
Enjoy!
💰 COSS Funding: $26.6M
- AtomicJar, making Testcontainers for dev workflows, announced their $25M Series A led by Insight Partners. Link
- Argilla, transforming data labeling NLP, announced their $1.6M funding round led by Zetta Ventures and Caixa Capital Risc. Link
📚 COSS Content
JJ: "Super smart of @NS1 to embrace a fast growing open source community, then spin up/out a dedicated COSS business around it --- not to mention highly relevant to their core business. 👍🏼 Would LOVE to see more of this as a corporate-originated COSS startup formation/funding motion... https://t.co/hofYyBgzy1" Link
JJ: "Nostr is really taking off as a leading open source decentralized (token-less!) social media protocol... Learn more: https://t.co/aLTb3Aefvt https://t.co/9V9Zwskhte" Link
JJ: "SaaS companies all just wrap and exploit open source with a nice UX + business logic. Nothing wrong with that. On the other hand, COSS companies directly sustain open source by being existentially dependent on an open source core... providing fundamental incentives to contribute." Link
hardmaru: "Happy to have @Scott_Draves join @StabilityAI as VP of Engineering. Scott joins from Meta's Reality Labs (formerly CTRL-Labs). He's the inventor of Fractal Flames and created the distributed evolutionary computing project called Electric Sheep in the 90s. https://t.co/MYK3RMyfSC https://t.co/4R9AqokLj6" Link
OpenBB 🦋: "Learn from our PM @JerBouma how to use the OpenBB Terminal for market reports. 900+ commands, data sources, API keys & more in our recorded session with Athens University. Check out our latest blogpost for more details. 🦋 https://t.co/AGS3XCUFQ5" Link
Patrick DeVivo: "did you know @github maintains a public database (it's a giant git repo) of CVEs and security advisories for open-source codebases? It's what powers @dependabot from what I can tell. we took it for a spin in @mergestat to see what we could learn: https://t.co/JBakG2kaEW" Link
PodRocket: "Michael Jackson (@mjackson) joins to talk about Remix joining Shopify! We cover topics like Hydrogen (the Shopify stack for headless commerce), the future of Remix, and more! Apple: https://t.co/H3KeoqHReg Spotify: https://t.co/BFmGxykNbQ Google: https://t.co/7Awx33H3Vm #Remix https://t.co/YpmgcWdMPp" Link
OCV: "Open source is more than a license. It's a company charter. The OCV Public Benefit Company (OPBC) charter is designed to prevent the bait and switch in open core. Thanks to @HeatherMeeker4 for her input. https://t.co/6qha1gfIJg" Link
Rowy: "⭐ We crossed 4K stars on Github 😍 and have over 1K members on Discord Join our community of makers, builders, and lowcode / nocode developers: https://t.co/PZ6GvCwKDv" Link
Ondsel: "It's official! Ondsel is now launched. We're an open-core company building around the incredible @FreeCADNews project. We're excited to be working with @OpenCoreVenture. In the coming weeks and months we'll be expanding our team and talking about the exciting plans we have" Link
JJ: "Super excited to share that @pabloselener is the latest execute hire we just announced last week at @W4Games --- creators and stewards of @godotengine. 🤝🤖 https://t.co/5yj5rh0iJT https://t.co/jNy3ylBWRa" Link
JJ: "Love to see it. Always learn something (sometimes many things) from the orange site comments. #1 this time! // @calcom 🗓️ 🥇 https://t.co/XpEnFx2KRm https://t.co/GAaxcmD68P" Link
Open Source Startup Podcast🎙: "E71 of the Open Source Startup Podcast is LIVE🎙 @amanda_robs & @tnachen talk with @TommyDANGerouss, CEO of @mage_ai, about building data plumbing without the 💩 This was a super fun episode, check it out!👇 https://t.co/PQLH0VOSjK" Link
JJ: "Nice! Finally someone built an open source Midjourney implementation based on Stable Diffusion! 👀 https://t.co/JsH7qxpxR2" Link
Theatre.js: "Introducing 💫Theatric💫, a pane library for React! - Zero setup -- one hook - Tweak values in your components - Undo/redo your changes, even after a refresh - Upload images (into 👉 browser storage or localhost) - Animate things with @theatre_js https://t.co/FOd5T5sb2x" Link
JJ: "'Open source eats everything' can be expressed in different terms as follows ... Over time, everything will become democratized and commoditized. The trick is to figure out when and how that is happening, then act accordingly." Link
JJ: "Nostr might represent the future of open source, decentralized social media --- no blockchain required. Very impressive progress so far with dozens of clients popping up. Getting better fast across all platforms like mobile and more beyond the browser: https://t.co/aLTb3Aefvt" Link
Mike Little: "20 years ago today, I commented on Matt's blog & kicked off the project that became WordPress. Now WordPress powers over 43% of most popular domains. It is made by a worldwide community of thousands of contributors & millions of users. Wow! https://t.co/4TcUF6rBSR #WordPress https://t.co/4utuufuV3C" Link
GitHub: "There's 100 million of you on GitHub. Talk about being in good company. https://t.co/JVYss1YwxB https://t.co/SoJTUQkjUA" Link
JJ: "Wow.. @bgurley just spent nearly 10 minutes here talking about COSS and how profound it is ... mentions of Kubernetes, Linux, open standards for nuclear fusion, hardware, RISC-V, why the end of IP might be a good thing and more. 🔥🔥👌🏼 https://t.co/v6rppf6CjT" Link
Rowy: "Open-source roadmap app to get customer feedback. Live on product hunt now 🎉 Show us your support if you like it 🙂 https://t.co/qTtyZ9z4aN" Link
Sam Lambert: "narrative violation https://t.co/8xJphU4dUm" Link
Brad Gerstner: "Excited about the power of @LangChainAI to accelerate use cases around LLMs. Posted bounty on @Replit to build a knowledge chatbot pulling data from @SnowflakeDB + Wiki using @streamlit. 🔥🔥@amasad @hwchase17 https://t.co/VHj52Srom1" Link
JJ: "The key secret to making the world exponentially better is to invest heavily in open source." Link
Patrick DeVivo: "We're playing with a @mergestat-lite + OpenAI integration to translate natural language prompts into SQL, and the results so far are really cool... "distinct authors of https://t.co/jVgUpZ8COB in the last year" is the prompt here https://t.co/FXb6oVRtXY" Link
nocodb: "Now announcing... 🚀 NocoDB Feature Release 0.104.0 : ERD fullscreen, fixed row height, easy row browse, multi-file download. Read our release note to learn more: https://t.co/ry2eLHo9n5 Watch our 0.104.0 Demo: https://t.co/GKzAfHGtON Stay tuned for the latest features. ⚡️ https://t.co/fjUrRFFObH" Link
Didier Lopes 🦋: ""OpenBB and Python will become one-stop shopping for my quant finance projects!" #iykyk 👀 https://t.co/XQDCvgTkpE" Link
JJ: "Open source has never been a hype cycle. Instead, it is a secular trend --- unaffected by macro or micro changes. Web 1.0 was built on open source. Web 2.0 was built on open source. Web 3.0 was built on open source. Web 4.0 and beyond will be built on open source." Link
Juan Linietsky: "So you get an idea of how massive the works towards Godot 4 Beta is among the largest projects on Github: I hope you folks build a statue of @Akien somewhere after 4.0 is out. https://t.co/zEVEk7XuPU" Link
Peer Richelsen 🗓🍊: "20 amazonians now in our @calcom community 🎉 https://t.co/pfdg7yXOkw https://t.co/kwpFIdgcrQ" Link
JJ: "Yep big announcements next week --- both @OSSCapital related. Very excited. 🔥" Link
Peer Richelsen 🗓🍊: "a 19y/o student from connecticut who randomly posted @calcom on hackernews caused 2x more sign ups than our carefully planned launch in 2021 https://t.co/PFUTMY5Zop" Link
JJ: "Did you know @godotengine is a Top 10 open source project above Kubernetes, Spark, Elastic + more? Just phenomenal. So very proud to be the founding lead investor in @W4Games --- stewards of Godot. Open source will transform the gaming industry this decade! 🎮 💥 https://t.co/4HNGmOqX7V" Link
JJ: "👀 👩⚖️ https://t.co/ExkKb3MR2m https://t.co/ty7y2IKheq" Link
Alex Buraks: "You probably heard about Yandex, it's the 4th biggest search engine by market share worldwide. Yesterday proprietary source code of Yandex was leaked. The most interesting part for SEO community is: the list of all 1922 ranking factors used in the search algorithm [🧵THREAD] https://t.co/6x82AAmbON" Link
Jeff Booth ⚡️: "The combination of: Seamlessly being able to move to a client/app that better suits your needs, while retaining your followers, content, and data. & Integrating it with payments so you can escape being farmed by advertisers. ...is a pretty big deal! #Nostr #Bitcoin" Link
Derek Ross ⚡⛓️: "The rate of development and innovation has me more bullish than ever. #nostr https://t.co/OQJedPBWNy" Link
Lee Robinson: "Next.js is a free open-source framework. The creators, Vercel, fund its development. How is this possible? Why would they give it away for free? Let's talk about funding open-source software (OSS)." Link
💸 COSS Liquidity (M&A + IPOs)
TechCrunch: "Mirantis acquires Shipa https://t.co/g2IcC22Gr1 by @fredericl" Link
Kevin Xu (interconnect.substack): "Confluent, in its 8K, announced an ~8% layoff and projects 30% revenue growth in 2023, after achieving 51% in 2023 That's a 41% DECELERATION (!) in growth $CFLT https://t.co/PZeqF13RXt https://t.co/1dCKVHgJka" Link
Techmeme: "Dell acquires Israel-based Cloudify, which offers a platform for cloud orchestration and infrastructure automation; sources say the deal was valued at ~$100M (@ingridlunden / TechCrunch) https://t.co/2KYIj6X5m6 https://t.co/HV9ToeK2C8" Link
JJ: "The leading @kubernetesio product just crossed $1 billion in ARR inside @RedHat 👏🏼 https://t.co/9v9A4oNbaw" Link
Adam Jacob: "I want to dig in on why Red Hat is better at generating revenue from open source than anyone who has ever done it. This is a perfect example. Do you know how rare it is to generate $1B/ARR? Hashicorp is half that number. Let that sink in. https://t.co/zHsxHnixpN" Link
🛠️ COSS Jobs
4,428 jobs and 259 companies hiring! Link
JJ: "PSA: One of our core portfolio @OSSCapital is hiring their founding cloud ops engineer to build & launch a cloud platform! This is a very exceptional opportunity in a COSS startup growing faster than almost anything I've seen. Please DM if you resonate. #security #multicloud #k8s" Link
rustdesk: "Looking for a contributor to write a simple GUI for @rustdesk Server with @TauriApps https://t.co/GPGAdn9loG" Link
📊 $COSS - Public Markets
$COSS markets up 9.18% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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