COSS Community 🌱

Cover image for COSS Weekly #168
Joseph (JJ) Jacks for COSS Community

Posted on

COSS Weekly #168

Here's the one-hundred sixty-eighth 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 Notion's acquisition of Skiff, $121.1M in funding announcements from, Qdrant, Taiko, Ingonyama, Upstash, Saleor, and Coana, jobs at W4 Games, and more!


πŸ’° COSS Funding: $121.1M

  •, a leader in AI applications, announced their $30.5M funding led by Benchmark and Mayfield fund. Link
  • Qdrant, a vector database for AI applications, announced their $28M Series A led by Spark Capital, Unusual VC, and 42CAP. Link
  • Taiko, a ZK-rollup, announced $22M in funding led by Sequoia China and Generative Ventures. Link
  • Ingonyama, building ZK hardware, announced their $21M Seed led by IOSG Ventures, Walden Catalyst, and Geometry. Link
  • Upstash, a serverless data platform, announced their $10M Series A led by a16z. Link
  • Saleor, a headless e-commerce platform, announced their $8M seed extension led by Target Global and Zalando.Β Link
  • Coana, re-defining open-source vulnerability management, announced their $1.6M pre-seed led by Sequoia. Link

πŸ“š COSS Content

  • Nat Friedman: "Ten months ago, we launched the Vesuvius Challenge to solve the ancient problem of the Herculaneum Papyri, a library of scrolls that were flash-fried by the eruption of Mount Vesuvius in 79 AD. Today we are overjoyed to announce that our crazy project has succeeded. After 2000 years, we can finally read the scrolls..." Link

  • JJ --- oss/acc: "The @maybe UI//UX is beautiful." Link

  • Sami Kassab: "Last December, I released a thicc deep dive report on Bittensor. Since then, Bittensor has gone from a niche crypto x AI project to gaining broad recognition within the open-source AI community Since then, there's been a major network upgrade proposal known as Dynamic TAO" Link

  • JJ --- oss/acc: "Bittensor has nearly surpassed OpenAI's incentive output... > $1.3B / year in rewards paid to a decentralized and global ecosystem of AI model builders. Anyone can own Bittensor. Only a few misaligned few will own OAI." Link

  • Tauri: "Someone just told us that @TauriApps now has more stars on GitHub than @Bitcoin (and Tauri is still the third most starred Rust project on GitHub, right behind @deno_land and @rustlang itself). To long Tauri just go give us another star:" Link

  • Josh Pigford: "Maybe is back! But what the heck does that mean? To say the past four weeks has been a whirlwind would be the understatement of the century. Buckle in, because I've got quite a few updates for you. (Seriously, this is a really long update on the state of things.) tl;dr --- @Maybe is back as a commercial open source project. We recently added $1.5m in new funding ..." Link

  • JJ --- oss/acc: "It seems that every time @OSSCapital leads a seed round, the project gets pinned to the front trending page on @github. I swear we aren't pulling any strings! Seriously, go check out @maybe and contribute!" Link

  • Josh Pigford: "a lot can happen in a month." Link

  • Juan Linietsky: "Just a friendly and timely remember that #GodotEngine is as free and as yours as if you had made your own game engine. Nobody can ever purchase it and take it away from you." Link

  • AngelList: "Join thousands of companies that have moved their cap table to AngelList." Link

  • JJ --- oss/acc: "I'm so proud of the @OSSCapital portfolio... Many of the top emerging companies in AI, apps, gaming, infra, social and more." Link

  • JJ --- oss/acc: "$7 Trillion for heavily censored, centralized "AGI" .. politically lobotomized .. And what do you think uncensored, user-aligned and decentralized AGI by-humanity-for-humanity will be worth? A hell of a lot more than $7 trillion." Link

  • Juan Linietsky: "A day like today on Github. Exactly one decade ago. Happy as a FOSS project, #GodotEngine!" Link

  • Juan Linietsky: "A decade later: - Over 2k contributors. - One of the top 10 FOSS projects. - Huge and amazing community. - Dozens of thousands of games published. - Several hit titles using it. Can you imagine what it will be like in the next 10 years?" Link

  • Josh Pigford: "As someone who played a major role in popularizing the "open startup" movement, MRR is one of the biggest vanity metrics in SaaS. Easy to publicize. Easy to hide behind. Tons of SaaS companies with massive MRR who are losing money every month." Link

  • const: "Bittensor defines protocol to consume $7 trillion worth of compute" Link

πŸ’ΈΒ COSS Liquidity (M&A + IPOs)

  • JJ --- oss/acc: "Notion is becoming a COSS company with this acquisition. Only the beginning ..." Link

πŸ› οΈ COSS Jobs

πŸ“Š $COSS - Public Markets

  • $COSS markets upΒ 6.68% last week

  • Latest $COSS markets as of last Friday at market close, courtesy ofΒ Koyfin

Koyfin market data

Top comments (0)