COSS Community 🌱

Cover image for COSS Weekly #117
Joseph (JJ) Jacks for COSS Community

Posted on

COSS Weekly #117

Here's the one-hundred seventeenth 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 $154.5M in funding announcements from InfluxData, ProjectDiscovery, Flox, MindsDB, APITable, Streamdal, Ramatak, and MedArc, acquisitions by IBM and dbtLabs, and Godot in the spotlight, and more!


💰 COSS Funding: $154.5M

  • InfluxData, a time series data platform, announced their $51M Series E led by Princeville Capital and CitiVentures and their $30M debt facility. Link
  • ProjectDiscovery, democratizing cybersecurity through intelligent automation, announced their $25M Series A led by CRV. Link
  • Flox, making development environments sharable, announced their $16.6M Series A led by NEA. Link
  • MindsDB, an applied ML platform, announced their $16.5M Series A led by Benchmark Capital. Link
  • APITable, a low-code AirTable alternative, announced $10M in funding led by IDG Capital. Link
  • Streamdal, a platform for streaming data performance monitoring, announced their $5.4M Seed led by Work-Bench. Link
  • Ramatak, a solution for building and developing mobile games with Godot, announced their funding led by OCV. Link
  • MedArc, applying AI to healthcare, announced their funding led by Stability AI. Link

📚 COSS Content

  • JJ: "There's no money in open source. There's only niche money in open source. There's definitely money in open source. Most of the money is in open source. The only money is in open source. There is no money, there's only open source." Link

  • Umbrel ☂️: "Nostr fam, we've been cooking something special for you. 🤙 Introducing Nostr Relay on Umbrel --- Your Nostr activity, backed up in real-time. Connect @damusapp or any Nostr client to your relay to ensure that your activity is not lost even if you are censored by public relays.

  • JJ: "Are you one of those obsessed Open Source maintainers with eyes glued to your metrics like stars, downloads, contributors and more? Well, @didier_lopes has you covered with a new iOS widget that displays GitHub metrics + pip installs from last day. 🔥 👀

  • OSS Capital: ".@StarHistoryHQ knows what's up... 💫

  • JJ: "Who's building AI startups powered by / built on @LangChainAI ? 👀 Seems like there might be an ecosystem materializing here." Link

  • Godot Engine: "🚎 Want to make a game while waiting for the bus? You can now download the #GodotEngine editor from the Play Store on your Android devices! 📱 Touchscreen and multi-touch support, live debugging, and much more!

  • JJ: "There are only 1,000~ (at most) COSS startups in existence. Nearly HALF of these have already raised serious VC funding. COSS is an insanely high area for alpha (out-performing capital/equity). The world needs 10,000+ more COSS founders than currently exist." Link

  • David Tolnay: "@rustlang's crates .io had more downloads over the past year (13.5 billion) than the previous 7+ years put together (13.2 billion)." Link

  • Balaji: "Introducing the Network State Podcast. The first episode features me and @VitalikButerin. We talk about starting new countries, upgrading Ethereum, and improving yourself!

  • JJ: "First open source medical device to get FDA approval. HUGE milestone for open source health care ... ❤️‍🩹

  • JJ: "Open source is eating the gaming industry.

  • Marc Campbell: "Newest episode of the @readkubelist podcast is out with @mojombo. Tom was a fun guest -- shared so much about the origins of GitHub, open source in general, and more. Too much to describe here, check it out:

  • JJ: "We are witnessing the greatest reshuffling of power since the rise of the internet. Open source is at the epicenter of it all and driving it all. Those who embrace and contribute to that reality will win." Link

  • rustdesk: "Do you know the @rustdesk author was engaging in asset management solutions in the past 10 years?

  • Runa Capital: "Last week, we unveiled our first annual ROSS index. Today it's time for the original quarterly index! Here are the top 20 fastest-growing open-source #startups in Q4 2022 👇

  • Emad: "Being the only company that folk can work with to build any type of custom model = 📥 🔥 May declare email bankruptcy soon unless I can build mailGPT" Link

  • Peer Richelsen 🗓🍊⚡️: "one year ago i was embarrassed of our onboarding and overall product, now you read testimonials like this 🥰😍

  • JJ: "YES!!! 🌱 ❤️ Open source is transforming agriculture:

  • JJ: "Most of my limited partners at @OSSCapital are way smarter and more accomplished than me, having built many of the most legendary COSS businesses of all time from zero. I wake up every single day in pure amazement, gratitude and humility over this fact." Link

  • tobi lutke: "I think @remix_run will win the JS framework space. This will become much more clear over the next 12 months" Link

  • Net Jacobsson |: "Wow! Blown away by @openbb_finance ! What an amazing too for financial analysis. And all from the terminal too! Love it! @naval #fintech #finance #wallstreet #stocks #crypto #trading #cli #commandlinetools #Python" Link

  • shadcn: "I picked @calcom because they embody the principles of transparency in true open startup sense. It's not just MRR charts at /open. You get an in-depth look into their operations, including their code, salaries, docs, and even their Slack is open for anyone to join.

  • JJ: "Seeing so many of these on a daily basis ... 👏🏼 @calcom --- take full control of your time through open source!

  • Peer Richelsen 🗓🍊⚡️: "ding ding ding 60k!! 🎉🍻🥳🎊✨ thank you all for the support ❤️📈

  • JJ: "Prediction: Closed AI will try to use regulations to prevent themselves from being displaced by Open AI.

  • Adam Wathan: "In open source, your documentation is your most critical marketing asset. Tailwind wasn't the first of its kind by a mile but it was the first that anyone could really learn without basically reading the source. If people can't learn it, they can't use it." Link

  • Kevin Fischer: "Bold prediction for 2023-2024 'Open AI' will not be the language model provider at the infrastructure layer anymore 1 / 🧵" Link

  • Varun: "Going through the source code of huge open source repositories is the best way to learn. I learnt tons from @spacedriveapp and @calcom. It honestly became 100x easier to create and maintain huge codebases (20k+ LOC) for clients after I went through those codebases." Link

  • Lucas Smith: "In following with @shadcn's tweet, this week I'm going to read through the @calcom source code and note my findings towards the end of the week. Thanks to @peer_rich and the team for their commitment to open source." Link

  • JJ: "I just posted a $3,500 @Replit bounty for this " Link

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

  • 3,972 jobs and 259 companies hiring! Link
  • "We'd also like to share that we've raised $25M in Series A funding. This is a huge milestone for us, and we're hiring! If you love what we're doing and want to join us to democratize cyber-security, we'd love to have you on board. See our openings" Link

📊 $COSS - Public Markets

  • $COSS markets down 6.50% last week

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

Koyfin market data

Top comments (0)