Here's the one-hundred thirty-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 $441.3M in funding announcements from Odoo, Runway, Redpanda, Acryl Data, BentoML, Memphis.dev, and Infisical, a $1.3B merger between Databricks and MosaicML, HashiCorp's acquisition of BluBracket, milestones and upcoming news from COSS projects, and more!
Enjoy!
💰 COSS Funding: $441.3M
- Odoo, a business software applicaiton provider, announced their €150M growth funding round led by General Atlantic. Link
- Runway, an AI video maker, announced their $141M Series C extension led by Google and Nvidia. Link
- Redpanda, a data streaming platform, announced their $100M Series C led by Lightspeed Venture Partners. Link
- Acryl Data, a control plane for data, announced their $21M Series A led by 8VC. Link
- BentoML, a platform for AI app development, announced their $9M Seed led by DCM Ventures. Link
- Memphis.dev, an event streaming platform, announced their $5.5M Seed led by Angular Ventures and boldstart Ventures. Link
- Infisical, a secrets management platform, announced their $2.8M Seed led by GradientVC. Link
📚 COSS Content
Hoppscotch: "Well, what in the world could that be? 🤨" Link
OpenBB 🦋: "Waking up to 10K users on the OpenBB Hub, what else can we ask for today? The only thing we can say is just, thank you, everyone 🦋. Just by curiosity, what is your name on the Hub? One thing I can guarantee you, the next feature will be wild, so get a good name while you can!" Link
clem 🤗: "This is my 5-minute testimony before the US Congress! Open science and open source AI distribute economic gains by enabling hundreds of thousands of small companies and startups to build with AI. It fosters innovation, and fair competition between all. Thanks to ethical..." Link
Aria Minaei: "Signed our first doc on @documenso. Nice open source alternative to DocuSign. Go @ElTimuro 💪" Link
Brian Armstrong: "https://t.co/v9XCZ4VGVO" Link
Sid Sijbrandij: "I've created a set of categories to standardize how we talk about AI licensing. To start, I propose we use the terms Open Weights and Ethical Weights to distinguish between open source and ethical license types." Link
JJ: "Really enjoyed this in person. Well done @josephruscio & @heavybit" Link
JJ: "Instead of just cold-contacting open source founders with fancy emails, VCs should roll up sleeves and actually contribute code/fixes via GitHub to projects they want to win over... we will start doing this @OSSCapital. 🛠️ 🤝" Link
JJ: "This is fundamentally false and @RedHat should be deeply ashamed of this post. https://redhat.com/en/blog/red-hats-commitment-open-source-response-gitcentosorg-changes" Link
Juan Linietsky: "Can you imagine Godot suddendly prioritizing crypto or AI integration? I can't, either. Godot focus has always been mainly what contributors (who many in large part are users) want to work on. There is very little decided and done vertically." Link
Michael Aubry: "Open Sourcing https://motionbox.io this week" Link
Thomas Dohmke: "Our numbers show AI-powered developer tools could boost global GDP by over 1.5 trillion. This is a pretty mind blowing number considering it's genAI's impact on just one group of workers." Link
OSS Capital: "Imagine being able to say: "Hey @SpacedriveApp AI, can you cleanup my iMac desktop and delete all the duplicate files, put all the screenshots in a single folder but categorize them by month and re-name all the PDFs as a sequence of numbers starting with the NDA ones"... 🪄 ✨ ✅" Link
TechCrunch: "Proton launches its password manager Proton Pass https://t.co/o3NcNzD7lD by @romaindillet" Link
JJ: "Midjourney for investing = @openbb_finance https://t.co/tAxGRruOyP" Link
clem 🤗: "There's no money in open-source! https://t.co/tVdvI1Jh0k" Link
JJ: "Elon is figuring out what Open Core Twitter looks like. Fascinating. 🤔 Today, the recommendation algorithm is the open core w/ basically everything else representing the closed "crust"...now including TweetDeck. Maybe Elon should also open source the code for encrypted DMs." Link
Peer Richelsen 🗓🍊⚡️: "we're reviewing applications without name, without a picture, without knowing the location ✨ https://t.co/Ki1W4C2Ao0" Link
clem 🤗: "I don't know any proprietary AI that is not heavily based on open science and open-source (PyTorch, tensorflow, attention is all you need, transformers, diffusers,...). This is the rising tide that lifts all boats!" Link
Open Source Startup Podcast🎙: "New Open Source Startup Podcast 🎙️ Why should foundation models be open source? How is @LambdaAPI helping make it a reality? Listen in on the latest convo from @amanda_robs & @tnachen with Lambda founding team members @boborado & Mitesh to find out 👇 https://t.co/JrfB0CGtC9" Link
Open Source Startup Podcast🎙: "Ep 92 of the @OssStartup Podcast features @wanghong230 from @akuityio - the app delivery platform for kubernetes based on Argo 🐙 How do you remove kubernetes complexity? How does Argo work? Check out @amanda_robs & @tnachen convo to find out 👇 https://t.co/vgYnYQA26t" Link
jack: "SimpleX TestFlight is really good (censorship resistant messaging, no phone number or email needed) https://t.co/sDzbR49KIR" Link
Heavybit: "On May 4th, 200 founders, product leaders, and open source experts came together in San Francisco to discuss how to turn developer love into an enterprise-scale OSS business. You can now rewatch all of the talks and panels in the Heavybit Library. https://t.co/aGiZzWn0Dm https://t.co/4eo4l2RREm" Link
JJ: "Ohhh... @planepowers (open source Jira +++) is coming to mobile 📲 ✨ Blown away at how well this team is executing. 🔥 https://t.co/yTAH3hyPnX" Link
Vihar Kurama: "creating issues with github sync on @planepowers is my favourite thing to do now. if you're an oss project, do give it a try. it will provide both contributors and maintainers an exceptional experience 🔥! https://t.co/ZMtCn7hWGe" Link
Valentin | L'Automatiseur: "Calendly c'est finit ❌ Sa domination du marché est bientôt terminée car un petit nouveau est sur le point de tout rafler 🥶 - Meeting - Workflows - Personnalisations - API & intégrations Le tout ILLIMITÉ & GRATUIT 🤯 Son nom ? Cal Suit le guide pour remplacer ton Calendly" Link
💸 COSS Liquidity (M&A + IPOs)
- JJ: "First major COSS merger in 6 months since Thoma Bravo merged Talend with Qlik for $6B in Jan earlier this year..Huge congrats to Naveen and team @MosaicML👏" Link
- Naveen Rao: "Today we're announcing plans for @MosaicML\ to join forces with @databricks! We are excited at the possibilities for this deal including serving the growing number of enterprises interested in LLMs and diffusion models." Link
- HashiCorp: "HashiCorp is excited to announce the acquisition of\ @blubracket, whose secrets-scanning functionality will complement HashiCorp #Vault and help prevent accidental leaks and fight secret sprawl. Learn more here: https://hashi.co/43284DO" Link
🛠️ COSS Jobs
- 3,505 jobs and 288 companies hiring! Link
- Cal.com: "we're hiring again! this time for a Principal Full Stack Engineer What you'll do: -Improve performance of existing API endpoints and UI -Identify areas lacking of good caching and improve upon them -Work on complex timezone logic, availability blocking and calendar APIs... https://t.co/x08d9FFvYe" Link
📊 $COSS - Public Markets
- $COSS markets up 4.13% last week
- Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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