COSS Community 🌱

Cover image for COSS Weekly #135
Joseph (JJ) Jacks for COSS Community

Posted on

COSS Weekly #135

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!


💰 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.

  • Heather Meeker: "My book has been published in Chinese!

  • JJ: "Here's the open source license breakdown across all 50~ @OSSCapital portfolio companies: MIT, Apache 2.0 and AGPL are dominant.

  • 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👇

  • 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...

  • JJ: "

  • 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 🤷🏻‍♂️

  • 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

  • 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

  • Nat Friedman: "Daniel and I have setup a cluster for startups:

  • JJ: "Great exchange with @jimkxa on why @risc_v (open source chips/hardware) will win...

  • 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! Here is why we are so excited about it 🧵🧵🧵

  • 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 🧵" 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 "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!

  • 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)

  • 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

  • Slashdot: "YouTube Tells Open-Source Privacy Software 'Invidious' to Shut Down

  • Amir Efrati: "~Big~ news in AI land--- Meta wants to make the next version of LLaMA --- its open source LLM ---available for commercial use. @SylviaVarnham @jon_victor_

  • JJ: "I wonder what folks think of this idea today ... something we fleshed but didn't launch from some years back:

  • 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...👇🏼

  • Vadim Demedes 🇺🇦: "I published a short primer about money and open source → 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: "

  • 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:

  • JJ: "The regulatory capture industrial complex (led by Microsoft / OpenAI) is in FULL swing ...

  • 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 ( "💸 "Virtana Acquires Cloud and Kubernetes Observability Solution Powered by Advanced AI and Open-Source Telemetry Collection, OpsCruise"
  • 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:
  • Amir Efrati: "TIL @cloudera generates >$2B in annual revenue. #hadoop by @anissagardizy8
  • 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.

Koyfin market data

Top comments (0)