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COSS Weekly #127

Here's the one-hundred twenty-seventh 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 $129M in funding announcements from Semgrep, Weaviate, Tableland, Qdrant, CoreDB, and Astral, JJ's upcoming talk with GitHub, IBM's acquisition of Ahana, major AI updates, and achievements from OpenBB and Hoppscotch!


💰 COSS Funding: $129M

  • Semgrep, a code security platform, announced their $53M Series C led by Lightspeed. Link
  • Weaviate, building an AI native vector database, announced their $50M Series B led by Index Ventures. Link
  • Tableland, a web 3 database, announced their $8M Series A led by Coinfund. Link
  • Qdrant, a vector database for AI, announced their $7.5M Seed led by Unusual Ventures. Link
  • CoreDB, a fully-extensible hosted Postgres service, announced their $6.5M Seed led by Venrock. Link
  • Astral, the company behind Ruff for Python, announced their $4M Seed led by Accel. Link

📚 COSS Content

  • Together: "Announcing RedPajama --- a project to create leading, fully open-source large language models, beginning with the release of a 1.2 trillion token dataset that follows the LLaMA recipe, available today! More in 🧵 ...

  • OpenBB 🦋: "One more Big Mark achieved We have no words to tell you how much we appreciate every single one of you... Without your help, nothing would be possible. We are counting on you to build the best investment research platform. Thank you. Open Source for the People by the People 🦋

  • JJ: "ICYMI, this is a MASSIVE release milestone for @hoppscotch_io --- serving millions of developers building and scaling their APIs. New website and a whole lot more... 👽

  • PyQuant News 🐍: "A Bloomberg Terminal costs $30,000 per year. Unaffordable for everyone except the Wall Street elite. Not for long... And on April 26th, you're invited to find out why. (Voice-to-text commands are just the start.) Here's what's happening:" Link

  • JJ: "The people ♥️ open source LLMs and @OpenBB_Finance. All is well in the universe.

  • Ramin Hasani: "In a new article published today in Science Robotics @SciRobotics, we showed a class of neural nets can understand the task they are given (flight navigation)! These are AI systems that WE understand what they do and THEY understand what they do! (1/n)

  • Godot Engine: "We're planning to hold a GodotCon in Munich, Germany this October. It's been a long time since the last one so we need to have an up to date estimate of attendance. Help us by voting below 👇" Link

  • OpenBB 🦋: "OpenBB is now the most starred project in Finance on #github. We are so proud of this Community. 🦋

  • Gitcoin (🤖, 💚): "🚀 BIG NEWS! Today we release our first impact report! 🌟 As we move further into a decentralized future with the launch of new open-source products, we're celebrating our impact, our community & over $50,000,000 in public goods funding - check it out👇

  • Logan.GPT: "I am a deep believer in open source, yet have not heard a compelling argument around how open sourcing cutting edge LLM's will cause more good than harm. What am I missing on this? 🤔🧵 Please only make good faith arguments, I am tired." Link

  • Heavybit: "Successfully investing in #COSS projects requires more than finding the GitHub projects with the most stars. @IVP General Partner @CackF has led investments in successful infrastructure companies such as Cribl and CircleCI, and this is what she looks for.

  • JJ: "NVIDIA has optimized the H100 for: 1) Transformer nets 2) Quantization 1 will soon prove to be highly computationally inefficient vs. future superior NN architectures. 2 will prove useful only to extent that it buys more time to delay disruption from 1." Link

  • Nathan Lile: "Just 1 day since #StableLM launch, & GitHub stars already skyrocketing 🌟 To prevent Y-axis congestion, GPT-NeoX, Pythia etc left out. Featuring LLaMA, Alpaca, Dolly, & Vicuna below. Adoption is accelerating, but this is just the start - Buckle up, folks! 🚀

  • clem 🤗: "Open-core for AI! I expect to see more and more successful companies follow this framework. Share your open-source AI on @huggingface (models, datasets, demos) to increase your visibility, credibility, and monetization. Similar to mongo, elastic, confluent but for the AI times.

  • DogeDesigner: ""We open sourced the recommendation algorithm. We're gonna open source the entire thing. Complete transparency is the only path to trust." --- Elon Musk 📹 @NBCUniversal

  • Liyas Thomas: "At @hoppscotch_io, we believe in providing our users with the best possible experience when it comes to API development. I recently wrote a blog on why we decided to migrate from our current rolling releases to calendar version releases. #DEVCommunity

  • Theo - "Memes aside, @calcom is hilariously better than Calendly. We finally moved earlier this year and I'm annoyed we didn't earlier. A calendar scheduling app with good UX? Hard to believe I know" Link

  • GitHub: "Join GitHub for Startups for a conversation on the state of open source with industry leaders from GitHub and our special guest, @JosephJacks_, founder at OSS Capital. Register here. ⬇️

  • Runa Capital: "Yesterday we dropped the Q1 2023 vintage of ROSS index. ⭐ @sensorpunk at @tech_eu ranked the leading European #opensource startups in his write-up today 🗞 🔝.

  • Emily Omier: "This week @TylerJewell, managing director at Dell Technologies Capital, joins me to chat about open source business strategy. The Business of Open Source:

  • JJ: "Interesting stance on open source by the creators of @AtomEditor and @electronjs. 🧐

  • Emad: "GitHub stars are to the upcoming dot ai bubble what clicks were to the dot com bubble" Link

  • JJ: "IMO, roughly 50% of venture capital dollars deployed into COSS startups are indistinguishable from open source philanthropy. Over the last 3 ~ years, > $30 billion has been invested into COSS startups by VC. 🧐" Link

  • Didier Lopes: "A cheat sheet of the OpenBB Terminal 3.0 new interactive charts and tables

💸 COSS Liquidity (M&A + IPOs)

  • Dipti Borkar: "📣 In case you missed it, IBM acquired @AhanaIO and is now part of @prestodb ! So grateful to the team who believed in Ahana 🙏 ! The #Startup journey for founders is a🩸 😓 😢 🎢 - not for the faint hearted! many learnings! The joy is in the journey!

🛠️ COSS Jobs

  • 3,580 jobs and 271 companies hiring! Link

📊 $COSS - Public Markets

  • $COSS markets up 0.07% 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

Love to be part of the COSS ecosystem!