Here's the one-hundred forty-fourth 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 $37.25M in funding announcements from Project Discovery, Highlight.io, Configu, and Documenso, OSS Capital coming to India in April 2024, major news in open-source AI, and more!
Enjoy!
💰 COSS Funding: $37.25M
- Project Discovery, a cloud security platform, announced their $25M Series A led by CRV. Link
- Highlight.io, a monitoring platform, announced their $8M funding round led by Craft Ventures and AforeVC. Link
- Configu, a config orchestration platform, announced their $3M pre-seed led by Cardumen Capital. Link
- Documenso, the document signing tool, announced their $1.25M pre-seed led by OSS Capital and John Harrison. Link
- Timur Ercan 🌏: "Today I'm happy to announce that we closed a $1.25M Pre-Seed round for @documenso @JosephJacks_ @OSSCapital John Harrison (@Orrick) welcome to the inner circle of the open signing revolution, we are glad to have you 🙏🚀 Full Story here: https://t.co/bNOXKCUCkI" Link
- JJ --- e/acc: "Excited to announce @OSSCapital's latest founding investment in @Documenso! eSignature market will grow by 10X from $4B to $40B+ over the next decade --- and is one of the most critical parts of the software stack yet to be transformed by open source... until now. ✍️ ✅ https://t.co/SznwOloEec" Link
📚 COSS Content
The Information: "Some Databricks employees are pursuing an unusual deal to turn their private stakes into $30 million in cash. It's a sign of the extended IPO drought. By @coryweinberg https://t.co/OtIVCVv1gq" Link
Joe Previte: "finally set up my @calcom account 😎 https://t.co/DncNQOOZVe" Link
JJ --- e/acc: "I really love this. Objectively. Not an investor, so unbiased. https://t.co/Nmi87H5qeX" Link
Didier Lopes: "Bloomberg Terminal is cool. But can you use it to record a macro with your investment research workflow? And then share it with other users? Community routines coming soon to OpenBB 🔥 https://t.co/itE3KMiXNn" Link
viet: ""I advise everybody to pursue open source." - Guillermo Rauch It was fun having @rauchg, founder and CEO of @vercel & @nextjs, over in Europe and chatting about open-source, AI, and much more. Full vid in the comments 👇🏽 https://t.co/uTVGDD3NEj https://t.co/w0y2dLQDfj" Link
JJ --- e/acc: "I'm visiting Hyderabad India 🇮🇳 during our first @OSSCapital tour there in April 2024. We have seven (!) portfolio founders across India, but if you are a rising open source star 💫, and would like to meet, please fill out this @formbricks survey: https://t.co/7V4Zi92DFO" Link
JJ --- e/acc: "OCS III is coming up and we have the largest group of open source AI founders taking about how they build products and scale their startups - foundation models, vector databases, MLOps and a lot more. Join us! Streaming first day only. 🌉 https://t.co/Zkf8X27j0N" Link
JJ --- e/acc: "Ship publicly. Iterate on user feedback. Improve. Repeat. 🔂 If you are not consistently doing this as a startup, you will fail. Period!" Link
Vamsi Kurama: "Announcement 📣 For all the Open-source founders, enthusiasts, fanatics out there in India, and around Hyderabad. Fill in the form and mark your calendars. #opensource #India #Hyderabad https://t.co/nbKNQRRhtB" Link
Emily Omier: ""The more fundamental the need is, the harder it is to tweak it, and it's best that before going to the next stage up, you just make sure that you know your foundation is solid." - @VladAIonescu on The Startup Hierarchy of Needs 🎧: https://t.co/LJSu1wWJnG" Link
Jim Fan: "You'd know that an idea has reached peak popularity when a VC scrambles a team to reproduce an AI paper and open-source the platform! @a16z builds AI Town, inspired by Stanford Smallville. It is a JS starter kit that handles global states & multi-agent transaction to help you... https://t.co/Ef1StTRLMh https://t.co/MHNwvbXGCe" Link
JJ --- e/acc: "Someone build an open source challenger to @Rippling ... https://t.co/NzGjRFsMSi" Link
ThePrimeagen: "a note on open source sustainability: to me, the only true answer to open source sustainability is a more convenient option that @github sponsors. Please @github allow us to set a budget for OSS and have a way to automagically distribute the funds. Here is my basic idea.... https://t.co/S70ixe0Whl" Link
The New Stack: "For founders of open source startups (and the sales teams they eventually hire), what is unique about sales when there's a free alternative your company is also promoting? https://t.co/xL0HpVrvuX #OpenSource #SoftwareEngineering #Engrepreneur #Entrepreneurship #Startup" Link
OpenAI: "OpenAI has acquired the team at Global Illumination. The entire team has joined OpenAI to work on our core products including ChatGPT. The team previously designed and built products early on at Instagram and Facebook and have also made significant contributions at YouTube,... https://t.co/CtgPCahuNS" Link
Umbrel ☂️: "Introducing LlamaGPT --- a self-hosted, offline and private AI chatbot, powered by Llama 2, with absolutely no data leaving your device. 🔐 Yes, an entire LLM. ✨ Your Umbrel Home, Raspberry Pi (8GB) Umbrel, or custom umbrelOS server can run it with just 5GB of RAM! https://t.co/KUfYSoh2mO" Link
OpenBB 🦋: "Version 3.2.1 is out, why should you install it? Because of our newest feature, Community Routines. But what's this newest feature about? A 🧵 : https://t.co/1Nud5uTEy6" Link
The Information: "New from @coryweinberg & @amir: Databricks is in talks to raise hundreds of millions of dollars in cash, after posting $380 million in operating losses in its last fiscal year. https://t.co/UMl80Qx6pk" Link
hardmaru: "Personal Announcement! I'm launching @SakanaAILabs together with my friend, Llion Jones (@YesThisIsLion). https://t.co/nMIl8fzE73 is a new R&D-focused company based in Tokyo, Japan. We're on a quest to create a new kind of foundation model based on nature-inspired intelligence! https://t.co/jAPe8kN60d" Link
JJ --- e/acc: "If "flux" means explosive growth over the last decade, I'm all for more flux... https://t.co/nry7ULTACg" Link
Umbrel ☂️: "dayumm, LlamaGPT crossed 500 stars on GitHub in one day 🚀 → https://t.co/EJSt4r7Uev https://t.co/XmiizCbu9G" Link
Meredith Whittaker: "📢NEW PAPER! Where @davidthewid, @sarahbmyers & I unpack what Open Source AI even is. We find that the terms 'open' & 'open source' are often more marketing than technical descriptor, and that even the most 'open' systems don't alone democratize AI 1/ https://t.co/xRwEBc5LvO https://t.co/5RGojdRBxD" Link
Emily Omier: ""Open source definitely drives innovation. We see this, we want to be part of that initiative, and therefore we have decided a long time ago to be fully open source and we still remain fully open source." - @FKarlsberger The Business of Open Source: https://t.co/NUA4wcvJaT" Link
Documenso: "Open Source, Open Metrics. https://t.co/MIAbtHb2j7 https://t.co/OakgnFeapc" Link
TechCrunch: "SUSE goes private again https://t.co/JizBurvUgQ by @fredericl" Link
mayank is hiring ☂️: "Whoa, LlamaGPT at #1 trending today on GitHub. 1k+ stars in 2 days 🤯 https://t.co/3JVwS13ggH https://t.co/OgcB9KfYPJ" Link
💸 COSS Liquidity (M&A + IPOs)
- JJ --- e/acc: "From $TDD (@TheTradeDesk) '22 10-K --- Spectacular business trading at $34B~ EV on $1.7B LTM ARR. 15% EBITDA. This strikes me as a rich area for open source disruption. Targeted and surgically precise ads will become even more important in the era of AI. https://t.co/ikI4j9oCpc https://t.co/SAkk2K3q0o" Link
🛠️ COSS Jobs
- 3,575 jobs and 293 companies hiring! Link
📊 $COSS - Public Markets
- $COSS markets up 0.26% last week
- Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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