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COSS Weekly #157

Here's the one-hundred fifty-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 πŸ˜‹ news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

Last week saw $6.2M in funding announcements from Plane and Defog, a discount code for Open Core Summit in Dec (opensourcefrens), exciting releases from major projects, and more!


πŸ’° COSS Funding: $6.2M

  • Plane, the project management tool, announced their $4M Seed led by OSS Capital. Link
  • Defog, an LLM for data analysis, announced their $2.2M round led by Script Capital. Link
  • JJ β€” e/acc: "Today we announce our $4M founding seed investment in @planepowers β€” the brothers Vamsi and Vihar are absolute forces of nature and it is a total honor to work with them. LFG." Link
  • Vamsi Kurama: ".@JosephJacks_ of @OSSCapital has been a firm believer of Open-source and @planepowers from the very beginning, even before our funding round. His support has been unwavering, extending beyond mere capital. With this partnership, Plane is now set to go supersonic!!! ." Link

πŸ“š COSS Content

  • emozilla: "One more YaRN goodie! @NousResearch in collaboration with @laion_ai is releasing Yarn-Llama-2-70b-32k 70 billion parameters, 32k context length, do with it as you please" Link

  • George Hotz: "This is my application to be CEO of OpenAI. If chosen, I will let the past be the past and return OpenAI to its open source roots. For my resume, last November I was a Twitter intern, so I have experience joining companies in crisis." Link

  • Tauri: "Our partner @CrabNebulaDev has been working on making Tauri even more accessible; their OSS packager system (based on Tauri's) now supports building for many app frameworks, and will soon introduce updates for all of them as well. #buildinpublic" Link

  • JJ β€” e/acc: "Use JAX / Torch but get constantly frustrated with performance issues & complexity? Try Burn." Link

  • JJ β€” e/acc: "Join us in SF on December 6-7th to meet founders of @github, @gitlab, @automattic, @wordpress, @bluesky, @ResearchHub + many @OSSCapital portfolio founders and ecosystem friends. And here's a discount code for FOSS builders: 'opensourcefrens'" Link

  • JJ β€” e/acc: "I'm so thankful for everyone who relentlessly contributes to open source, in particular all our @OSSCapital portfolio founders across 15+ different countries globally. Thank you everyone. Keep up the continuous day zero mindset. Onwards." Link

  • Stability AI: "Today, we are releasing Stable Video Diffusion, our first foundation model for generative AI video based on the image model, @StableDiffusion. As part of this research preview, the code, weights, and research paper are now available. Additionally, today you can sign up for our waitlist to access a new upcoming web experience featuring a Text-To-Video interface. To access the model & sign up for our waitlist, visit our website here:" Link

  • okio: "Introduction Nendo - The AI audio tool suite for developers, powering next-gen audio applications. Read the launch post: and get Nendo Core: - it's free and open source." Link

  • Sid Sijbrandij: "Early-stage open source startups have an advantage over non-open-source startups. Popular projects that grow quickly benefit from early product-market fit indications, a community of passionate people, and an existing user base." Link

  • "OSSHack challenges v bounties - what's the difference? bounties are lower stake but closed and paid immediately once solved challenges are higher stake but will have a first place winner with the best solution and prizes will go out at the closing ceremony" Link

  • JJ β€” e/acc: "We didn't need the OAI fiasco to illustrate that truly open source (weights) AI is the way.. but it sure has accelerated things. Big time." Link

  • Git Round: "For our second program (GRQ124), starting the first week of January 2024, please apply here:" Link

  • Timur Ercan: "Time go get @revertdotdev over the 500" Link

  • AppFlowy: "Another great appflowy standalone #flutter package, Code Block, for #flutterdev is now available on" Link

  • Umbrel: "Tomorrow. 6:00 AM EST." Link

  • JJ β€” e/acc: "Capitalism is the optimal form of philanthropy." Link

  • JJ β€” e/acc: "THIS is the way." Link

  • Emad: "Happy Thanksgiving #stablevideo By @pharmapsychotic" Link

  • Yann LeCun: "Built with MusicGen and Demucs, both open source packages from Meta-FAIR." Link

πŸ’ΈΒ COSS Liquidity (M&A + IPOs)

  • JJ β€” e/acc: "Atlassian just acquired Loom for $900M~ Here's the COSS alternative:" Link

πŸ› οΈ COSS Jobs

  • 3,735 jobs and 297Β companies hiring! Link
  • Vihar Kurama: "Exciting opportunity at @planepowers! We're seeking a skilled Technical Writer to join our team. Be a part of one of the leading and rapidly growing open-source project management tools. Interested? DM for more info!" Link

πŸ“Š $COSS - Public Markets

  • $COSS markets up 3.31% last week

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

Koyfin market data

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