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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #140

Here's the one-hundred fourtieth 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 $86.75M in funding announcements from RISC Zero, Wing, FedML, Ethena, Snowstorm, Resend, dltHub, ReworkdAI, and ToolJet, an amazing lineup of Open Core Summit speakers, a big job opportunity with W4Games, major funding rumors for Hugging Face, and more!


💰 COSS Funding: $86.75M

  • RISC Zero, building zero-knowledge virtual machine tooling, announced their $40M Series A led by Blockchain Capital. Link
  • Wing, making a unified programming language for the cloud, announced their $20M Seed led by Grove Ventures. Link
  • FedML, an open and collaborative ML platform, announced their $11.5M Seed led by Camford Capital. Link
  • Ethena, a stablecoin and digital bond platform, announced their $6.5M Seed led by Dragonfly Capital. Link
  • Snowstorm, a decentralized microproxy network, announced their $3M Seed led by Seed Club Ventures. Link
  • Resend, a developer's tool for transactional emails, announced their $3M Seed led by Y Combinator. Link
  • dltHub, a tool to democratize data loading for Python, announced their $1.5M pre-seed led by Dig Ventures. Link 
  • ReworkdAI, a tool for AI Agents, announced their $1.25M pre-seed led by Y Combinator and Panache. Link
  • ToolJet, a low-code platform for internal tools, announced their funding round led by M12 (Microsoft's GitHub fund). Link
  • hardmaru: "HuggingFace reported to be reviewing competing term sheets for a funding round that could raise at least $200M at a valuation of $4B. 🔥 Happy to see @HuggingFace build a highly impactful business by positioning themselves at the center of open-source ML.

📚 COSS Content

  • Formbricks: "Statistical significance is reached sooner than most people think ☝️ If you have 10.000 users, go for 95% confidence level and a margin of error of 5% it's sufficient to get 370 responses. With Formbricks, you can now limit how many responses will be collected ✅

  • Open Source Startup Podcast🎙: "Ep 94 of the @OssStartup Podcast features @Quentin_dQ, CEO of open source search engine @meilisearch 🔍 We dig into: ⚡️The massive TAM for search ⚡️Working with the Rust community ⚡️Meilisearch's roadmap (hint: AI) ⚡️The co's focus on DEI Check it out 👇

  • Emad: "In the interest of transparency and to set the record straight, I must address the unfounded lawsuit filed by my former colleague, Cyrus Hodes, against Stability AI and I on Thursday. He alleges that he was deceived into selling his shares to me when he voluntarily left the...

  • Erica Brescia 🇺🇦: "17 of the 24 early stage companies that made the ⁦@Redpoint⁩ InfraRed 100 are open source :) OSS FTW! Great insights from the fantastic ⁦@jordan_segall⁩!

  • Eliot: "No one wants to contribute to closed source problems, if you want to build an ecosystem it needs to be open source. Especially when you want to work with multiple languages, cloud source, etc." Link

  • JJ: "Deeply true words of wisdom from @photomatt, creator and steward of @WordPress. 🙇🏻‍♂️

  • Open Source Startup Podcast🎙: "E95 of the Open Source Startup Pod is all about open source feature flags 💪 @amanda_robs & @tnachen interview @GetFlagsmith CEO @ben_rometsch to figure out: ⚡️Why feature flags should be open source ⚡️Why it's beneficial to build in a profitable way

  • Liyas Thomas: "2 years ago, back in 2021, I left my job to start my own company. Why am I doing this? What problem are we solving? Why now?" Link

  • JJ: "✨ Announcing our keynote lineup for Open Core Summit III ✨ We're selling out only 1,000 capacity. Register: Founders of @GitHub@GitLab@MongoDB@Vercel@Automattic@StabilityAI@RedHat and the amazing Daniela Rus who runs @MIT_CSAIL 🔥

  • Alexandr Wang: "With @MetaAI's the launch of Llama 2---@scale_ai will also be: 🌎 open-sourcing scale-llm-engine, our library for hosting and fine-tuning open-source LLMs ⚡️ releasing the fastest way to fine-tune Llama 2 💼 launching Scale Custom LLMs for enterprises Read more in 🧵

  • Liyas Thomas: "Hoppscotch is Trending on @github 🤌✨

  • "Since day one @calcom runs on @deel -- with more than 20 team members in over 13 countries Today we're excited to share a case study of how @deel has achieved a 20% increase in their CSAT using our scheduling solution. #DeelSpeed meets #CalSpeed ⚡ 🙏

  • OSS Capital: "👽 🤝 // @hoppscotch_io

  • OSS Capital: "CONGRATSSSS to @MahrajSuraj for being our 5,000th follower. 🦾🦾🦾

  • Plane: "Ready for takeoff? ✈️ v0.9-dev is now out 🔥, packed with some of the most requested features! Unroll the 🧵 to see what's new!" Link

  • Stability AI: "Stability AI was recently selected as one of @TIME's top 100 most influential companies! #TIME100Companies

  • Juan Linietsky: "I can vouch that @OSSCapital has been an awesome lead investor for @W4Games. They fully understood the community driven and independent nature of Godot, and that from the first day the company would remain independent and in synergy...

  • Wasmer: "Usearch, A smaller and faster vector search engine from @unum_cloud is now available on Wasmer Registry 🔥. #wasm #wasmer #unum #cloud #vectorsearch #search" Link

  • Vihar Kurama: "confused seeing an unusual spike on our GitHub stars, and found out this 😍.

  • jack: "great update. no phone number or email needed to use. highly recommended.

  • Runa Capital: "🥴 Europe's #ai landscape is confusing 🤨 🇪🇺 Europe is home the world's most popular open-source AI #startups, yet it's also leading the race to regulate AI ⚖️ 🤔 🤔 Luckily @Cate_Lawrence explains it all..." Link

    • * * \ *💸 COSS Liquidity (M&A + IPOs)**
  • TechCrunch: "Red Hat saved IBM's bacon this quarter

🛠️ COSS Jobs

  • 3,513 jobs and 289 companies hiring! Link
  • JJ: "We are hiring a world class Head of People Ops to join and lead @W4Games (creators of @godotengine) as we scale past 20 team members globally. 🍀 🤖 🚀 Please apply if you wish to accelerate an open future in the video game industry:
  • Brian Armstrong 🛡️: "We created a VIP page to hire people with extraordinary ability @coinbase. If you've shipped a popular open source library, built a large online following, won a math/eng/gaming competition, were part of a special forces unit, or built something awesome, say hello....

📊 $COSS - Public Markets

  • $COSS markets down 0.54% last week
  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin market data

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