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COSS Weekly #126

Here's the one-hundred twenty-sixth 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 $31.9M in funding announcements from Fivecast, Otterize and the GitHub accelerator, the release of an OpenBB natural language tool, and more!


💰 COSS Funding: $31.9M

  • Fivecast, an intelligence provider, announced their $20M Series A led by Ten Eleven. Link

  • Otterize, a platform for intent-based access controls, announced their $11.5M Seed led by Index Ventures. Link

  • GitHub: "Announcing the inaugural cohort of the GitHub Accelerator: 20 projects embarking on a 10-week journey to build a sustainable funding model.

📚 COSS Content

  • Emad: "Open source LLMs for the win. The underlying model for Dolly 2.0 is Pythia which was trained by @AiEleuther & supported by @StabilityAI on our Ezra-1 cluster This is part of a broader scaling suite to help understand LLMs that will likely be extended

  • Databricks: "WATCH NOW 🎥 Our CEO @alighodsi sits down with @jonfortt @CNBC to chat about exciting new #Dolly updates, data management in the #AI era, and so much more!

  • JJ: "Top NN (neural net) engineers are getting paid $5-20M annual compensation packages. I've now heard this from 4 different extremely reputable sources but I don't see people talking about it publicly yet so here goes... What are the implications of this insanity ?!?!?!? ... 🧵" Link

  • Sid Sijbrandij: "The Red Hat model will never be repeated. Low rake, a complicated multi-product model, and the constant threat of disruption make its success an outlier. Open core is the pathway to hypergrowth for open source-based companies.

  • Didier Lopes: "This is not BloombergGPT but our own AskOBB which allows users to interact with the OpenBB Terminal through natural language. i.e. an open source BloombergGPT. Still early days, but I'm excited. Strap in.

💸 COSS Liquidity (M&A + IPOs)

No COSS Liquidity announcements this week.

🛠️ COSS Jobs

  • 3,595 jobs and 271 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 2.61% last week

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

Koyfin market data

Top comments (1)

carlosvirreira profile image
Carlos Virreira

Great update!

Fivecast looks intriguing.