Here's the one-hundred thirty-fifth 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 $132.4M in funding announcements from Mistral AI, Deepchecks, ResearchHub (led by OSS Capital!), and SimpleX Chat, as well as an acquisition by Virtana, new COSS projects, and more!
Enjoy!
💰 COSS Funding: $132.4M
- Mistral AI, an open-source challenger to Open AI, announced their $113M Seed (at $260M valuation) led by Lightspeed Venture Partners. Link
- Deepchecks, a continuous ML validation platform, announced their $14M Seed led by Alpha Wave Ventures. Link
- ResearchHub, a crypto platform for scientific research, announced their $5M Series A led by OSS Capital. Link
- SimpleX Chat, a decentralized and privacy-first messaging platform without user IDs, announced their $375k pre-seed led by Village Global. Link
📚 COSS Content
GDQuest 🔜 Game Camp France: "Godot is already bigger than you might think. There are a bunch of companies with millions in funding based on Godot. W4, Ramatak, Padho Labs, The Mirror... At GDQuest, we are 16 now (12 on payroll, 4 freelance). Entirely self-funded, just doing education and open-source." Link
JJ: "Great interview with @rauchg, founder of @vercel. Doubling revenue at $50M+ ARR is hard. Awesome to see this COSS success story unfold. https://t.co/Z8KwxuAJCx" Link
Heather Meeker: "My book has been published in Chinese! https://t.co/OMEgDrhAn1" Link
JJ: "Here's the open source license breakdown across all 50~ @OSSCapital portfolio companies: MIT, Apache 2.0 and AGPL are dominant. https://t.co/VdPjEuTHi8" Link
Open Source Startup Podcast🎙: "Ep 91 of the @OssStartup Podcast is UP⚡️ And it's all about permissions-as-a-service 🤝 Why should permissions be open source? Can companies use multiple policy engines? Check out @amanda_robs & @tnachen convo w/ @permit_io CEO @OrWeis to find out👇 https://t.co/fyW9JFQaqk" Link
DeFi Dad ⟠ defidad.eth 🦇🔊🐼: "🎙️ New must-see @Edge_Pod, featuring @EMostaque of @StabilityAI! 🫡 Turns out one of the most sought after AI experts in the world is also one of us--a crypto native. 👀 We ask every burning question including how AI can leverage crypto, tokenization for AI startups and more... https://t.co/5gCcljgF24" Link
JJ: "https://t.co/NdV4Og2JZd" Link
Nevo David: "I was just on the way to implementing the OSS initiative (a great one) by @formbricks. So I looked at @calcom's "Open Startup Page," and I was pretty much shocked by all the information. I really can't believe they don't share their employee's lunch 🤷🏻♂️ https://t.co/1Lq8m6XvKA https://t.co/RrQnxG7MU7" Link
jack: "This seems to be a misunderstanding by @apple of how this feature works and what it's for. It's a critical part of the future of the internet. It has the capacity to bring people around the world into the economy without the traditional gatekeepers. Please reconsider @tim_cook. https://t.co/ALwZGxU0du" Link
Activeloop: "(1/14) Introducing: SalesCopilot, an open-source alternative to @Gong_io and @chorus_ai, built with #DeepLake & @LangChainAI. - Transcribes calls in real-time - Detects customer objections - Suggests responses based on a custom knowledge base stored in Deep Lake with GPT-4 Demo https://t.co/7KfPYSbi3d" Link
Nat Friedman: "Daniel and I have setup a cluster for startups: https://t.co/FMmfA7MQm3 https://t.co/cx4NkPVdFI" Link
JJ: "Great exchange with @jimkxa on why @risc_v (open source chips/hardware) will win... https://t.co/cj1sw0OeQv" Link
Webstudio: "Fellow Designers, Visual Developers, and NoCoders, Webstudio Beta, an Open Source alternative to Webflow, is now live on @ProductHunt 🎉 It is our first production-grade version! https://t.co/Gpq7KydjFe Here is why we are so excited about it 🧵🧵🧵 https://t.co/ORldpjPPSz" Link
Atila: "Exciting updates to #stablediffusion with Core ML! - 6-bit weight compression that yields just under 1 GB - Up to 30% improved Neural Engine performance - New benchmarks on iPhone, iPad and Macs - Multilingual system text encoder support - ControlNet https://t.co/wVMDG5FZjc 🧵" Link
Henrique Schmaiske: "Wow, @BaileyPumfleet & @peer_rich, you guys did a fantastic job with @calcom! It's really amazing, and I love it! Keep up the great work!" Link
Open Source Initiative @osi@opensource.org: "We are seeking proposals for our #DeepDiveAI webinar series. Those accepted will be asked to present their talk online in a webinar during the months of September through November Submit your proposal today! https://t.co/I7MjbnuoJn https://t.co/KBNbppwBpV" Link
Zed: "We're excited to announce our plan to open source Zed... on Zed! Zed has always been more than just an editor. We're building a communication platform for software engineers, and we're going to use this platform to open source itself! (1/6) https://t.co/1jh6fiI80g" Link
Patrick Joyce: "It's a dream to wake up every morning and spend my time working on this problem. I feel very lucky to be a part of @ResearchHub Big time shout out to @patricklu10 and his team from @quantfive for doing most of the heavy lifting building @ResearchHub's product so far https://t.co/Yv0ac6X4Lq" Link
Slashdot: "YouTube Tells Open-Source Privacy Software 'Invidious' to Shut Down https://t.co/p2XZQMVsM6" Link
Amir Efrati: "~Big~ news in AI land--- Meta wants to make the next version of LLaMA --- its open source LLM ---available for commercial use. https://t.co/t67zjI1cku @SylviaVarnham @jon_victor_ https://t.co/bOTvp4o3TH" Link
JJ: "I wonder what folks think of this idea today ... something we fleshed but didn't launch from some years back: https://t.co/gOxJD8eK3c" Link
JJ: "Here's the latest OpenAI regulatory capture propaganda pushing the government to make it illegal for anyone to do advanced matrix multiplication aka use computers...👇🏼 https://t.co/6XXKY1DJQm https://t.co/oM0hN1m0XX" Link
Vadim Demedes 🇺🇦: "I published a short primer about money and open source → https://t.co/daSp1x9ZrX. I wrote my opinion on what maintainers could be doing differently. Then I reviewed some approaches that have worked for other developers, so we can learn from them." Link
Heather Meeker: "https://t.co/xNHrrSGtvl" Link
JJ: "It is definitionally difficult to discern contrarian views that may end up being right or wrong...given both positions can sound crazy. E.g: believing AGI should be open source and unregulated for the betterment of humanity sounds (to many) just as crazy as the opposite view." Link
PyQuant News 🐍: "OpenBB Access the world's financial market data from the same place. All for free. Get the Terminal and SDK on GitHub: https://t.co/EJVn6JTPSD" Link
JJ: "The regulatory capture industrial complex (led by Microsoft / OpenAI) is in FULL swing ... https://t.co/uvFwmXeGIT" Link
George Hotz: "A good intro to the tiny corp for people who want to come work here." Link
💸 COSS Liquidity (M&A + IPOs)
- Chris Aniszczyk (@cra@macaw.social): "💸 "Virtana Acquires Cloud and Kubernetes Observability Solution Powered by Advanced AI and Open-Source Telemetry Collection, OpsCruise" https://t.co/UBeYzKu8Ob" Link
- JJ: "TIL @getajobmike's COSS startup for @sidekiq is nearing $10M ARR... 🤯 All with one employee and zero funding. 🔥 Today, many AI startups with less revenue get valued in the billions. 🫠 Here's my awesome interview with Mike from almost 3 years ago: https://t.co/AYP209Cayi https://t.co/guwlxhR4jB" Link
- Amir Efrati: "TIL @cloudera generates >$2B in annual revenue. #hadoop https://t.co/0NpV5PRSry by @anissagardizy8 https://t.co/ZNV3Lax40Q" Link
- COSS Community 🌏: "Cloudera just crossed $2B in revenue, doubling 2021 revenue. They have 3K~ employees and raised $1B in VC. Last valued at $5.3B. Databricks just crossed $1B in revenue, growing 60%. They have 6K+ employees and raised $3.5B in VC. Last valued at $38B. 🧐" Link
🛠️ COSS Jobs
- 3,559 jobs and 286 companies hiring! Link
- JJ: "🔥 Hiring a senior Next/React dev to join a fully remote + 🚀 growing COSS startup. Details: implement RT functionality (IndexedDB), > 10x speed improvement, build a component library, state management migration to MobX, and optimizing text editors. DM if this is you! 👀" Link
📊 $COSS - Public Markets
- $COSS markets up 1.64% last week
- Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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