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COSS Weekly #128

Here's the one-hundred eighth 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 $115.4M in funding announcements from Replit and Chroma, new open-source AI tools, an interview with JJ and GitHub, and the launch of OpenBB v3.0!


💰 COSS Funding: $115.4M

  • Replit, building tools to empower the next billion developers, announced their $97.4M Series B extension (at $1.16B valuation!) led by a16z. Link
  • Chroma, an AI-native open-source embedding database, announced their $18M Seed led by Quiet Capital. Link
  • "$235m has been invested into Vector Databases in the past year: - @qdrant_engine - $7.5m Seed - @tryChroma - $18M Seed - @weaviate_io - $50m Series A - @milvusio - $60m Series B - @Pinecone - $100m Series B For reference, MongoDB raised $300m from start to $1.2b IPO." Link

📚 COSS Content

  • AK: "Godot-dodo 🦤 The godot-dodo project presents a pipeline to finetune open source language models on human-created, language-specific code retrieved from GitHub github: models:

  • Max Howell: "If your open source app wouldn't work without a third party, proprietary, remote API---it's not open source---it's a thin layer of open source around a closed source black box." Link

  • JJ: "Details on @OpenCoreSummit III dropping soon... LFG." Link

  • Max Stoiber: "$144 bounty on my feature request for @calcom 💰" Link

  • JJ: ""Linux is a cancer!!!" vibes .. 😂

  • Julien Chaumond: "Some people said that closed APIs were winning... but we will never give up the fight for open source AI ⚔️⚔️ Today is a big day as we launch the first open source alternative to ChatGPT: HuggingChat 💬 Powered by Open Assistant's latest model -- the best open source chat...

  • W4 Games: "📢Exciting news! Applications for our Early Access Program for W4 Cloud and Console Ports are now open! Fill in the EA form to participate and get a sneak peek into the software before it launches. Learn more: #gamedev #indiedev #earlyaccess #godotengine" Link

  • Didier Lopes: "This chart slaps

  • Abby Cabunoc Mayes: "In < 3 HOURS, I'll be chatting with @JosephJacks_ on the state of open source, OSS Capital, and his advice for founders. Join us:

  • "2.2k 🍴 17.9k ⭐️ if you haven't already, check out our GitHub to keep up to date with all new features, and fixes

  • JJ: "This has to be one of the coolest websites ever designed... the official U.S. Space Force, built on @theatre_js 🎭

  • JJ: "May 4th in SF. I'll be there 👋🏼 Great to see more COSS events by sharp folks. Thanks ⁦@heavybit⁩ for organizing!

  • Open Source Startup Podcast🎙: "MAJOR Open Source Startup Podcast release featuring @snyksec founder @guypod 🎧 @amanda_robs & @tnachen dig into selling security products to developers, the pros & cons of being open source (Snyk is not!), how Snyk has evolved over the years & more 🎙

  • JJ: "Was so honored to do this earlier and kick off this series for @github ... online soon. Thank you to @abbycabs for the fun conversation 🥰

  • Derek Cheung: "Openbb 3.0 (@openbb_finance) is available! Wow, what a huge upgrade. I'm just starting to test-drive it and already love the new dashboard. Super cool! Will be exploring more. Congrats @didier_lopes and team!

  • Replit ⠕: "At #ReplitDevDay, we announced we've trained and are open-sourcing our first Complete Code model. Introducing replit-code-v1-3b: - 2.7B params - 20 languages - 525B tokens - 40% better than comparable models - Trained in 10 days Take a look at the benchmarks yourself 🧵

  • OpenBB 🦋: "Hey, OpenBB Community! Thanks for coming to our Terminal 3.0 Launch! We've got: - OpenBB Hub - Cool tables & charts - Scripts & routines - Style it your way Missed it? No worries! Watch here:

  • Derek Cheung: "Here is the repo with the OpenBB SDK (@openbb_finance) integration into #AutoGPT I've also included a brief overview of how AutoGPT works and where to get started in the code to add in new OpenBB commands. Let me know what you think. Especially the use...

  • Abby Cabunoc Mayes: "I'm still thinking about this chat with @JosephJacks_, kicking off the @github for Startups Venture Series. Absolutely loved picking his brain on open source business models -- so much to unpack here! Watch the recording:

  • Alexandr Wang: "Open Source models have, overall, greater adoption than Cloud API models. With better and better open-source models coming out every month, I expect this trend to certainly continue.

  • Peer Richelsen 🗓🍊⚡️: "in SaaS: - send bug report to support - hear back 7 days later - support make a ticket - PM assign an engineer - EM picks a milestone - IC fixes tiny bug in OSS: - customer sees bug - customer fixes bug - submits PR - merges" Link

  • "the most public private company open analytics open heart open mind open source check em out ⬇️

  • JJ: "Open source is deflationary. AI is hyperdeflationary. Open source AI is ultrahyperdeflationary." Link

  • Sudip Chakrabarti: "Open Source innovation in Generative AI has been nothing but frenetic, and the latest edition of GenOS Index reflects that: 18 new entrants with a median age of only 41 days, and the topmost project, AutoGPT, racking up 117k stars in 7 weeks!

  • JJ: "Here's some AI startups @JeffDean (head of Google AI) angel invested in recently ... fascinating. Deal flow for Google, or ..? 🤓 --- @Perplexity_AI --- @CovariantAI --- --- @Rosebud_AI --- @LelapaAI --- @Samaya_AI --- @ArteraAI ---

  • TechCrunch: "Jack Dorsey thinks Elon Musk isn't doing right by Twitter

  • Andreas Klinger 🏝: "🔥 👇

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

📊 $COSS - Public Markets

  • $COSS markets down 3.14% last week

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

Koyfin market data

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