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COSS Weekly #173

Here's the one-hundred seventy-third 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 $175.6M in funding announcements from Defense Unicorns, Adaptive, Guardrails AI, and Polar Signals, a major opportunity with (see the jobs section!), OSS Capital meeting with founders in India, and more!


πŸ’° COSS Funding: $175.6M

  • Together AI, a cloud platform for generative AI, announced their $106M Series A extension led by Salesforce VC. Link
  • Defense Unicorns, a provider for government agencies, announced their $35M Series A led by Sapphire Ventures and Ansa Capital. Link
  • Adaptive ML, building singular gen AI experiences, announced their $20M Series A led by Index Ventures and Iconiq. Link
  • Guardrails AI, building tools to monitor and mitigate AI risks, announced their $7.5M Seed led by Zetta Venture Partners. Link
  • Polar Signals, an infrastructure monitoring and profiling tool, announced their $6.8M Seed Extension led by Spark Capital. Link

πŸ“š COSS Content

  • JJ --- oss/acc: "ALL of future GDP is already on Android. Eventually, open source always wins." Link

  • Wasmer: "Introducing WinterJS 1.0 - the fastest WinterCG Javascript runtime in the world powered by Rust and SpiderMonkey ...and #WebAssembly compatible! Now supporting: - React Server Components - Cloudflare mode - 150k reqs/sec!" Link

  • JJ --- oss/acc: "Stuff like this (and even better) will get open sourced entirely in 6 months or less. Imagine AI recursively improving open source endlessly and fixing issues and submitting PRs left and right .. while we sleep. The future is literally s and s." Link

  • Soumith Chintala: "Here's details on Meta's 24k H100 Cluster Pods that we use for Llama3 training. * Network: two versions RoCEv2 or Infiniband. * Llama3 trains on RoCEv2 * Storage: NFS/FUSE based on Tectonic/Hammerspace * Stock PyTorch: no real modifications that aren't upstreamed * NCCL with some patches: patches along with switch optimizations get cluster to have pretty high network bandwidth realization * Various debug and fleet monitoring tooling, stuff like NCCL desync debug, memory row remapping detection etc." Link

  • JJ --- oss/acc: "2010: Won't Google just do this? 2024: Won't open source just do this?" Link

  • JJ --- oss/acc: "I'm in Hyderabad visiting forces of nature brothers and founders of @planepowers --- @vamsi_kurama and @viharkurama. We led a $4M founding seed @OSSCapital last year just 9 months ago and what they have accomplished since is nothing short of mind blowing." Link

  • Vihar Kurama: "Experiencing @JosephJacks_ energy and his love for Open source is nothing less than infectious. We will carry this energy and excitement into tomorrow and throughout #OSSGuild, our first in-person event for OSS founders and enthusiasts. Come say hi." Link

  • "Our new release (v3.9) is out today! Among new features and improvements you can find: - more powerful Managed event types, - linking more email addresses to your account, - improved OOO feature, - and a new banner for organizations. Since the last release there have been 167 merged PRs which gives almost 6 PRs a day! Our team continue being on fire" Link

  • "open source alternative open source successor" Link

  • JJ --- oss/acc: "I spent the last few days in person in Hyderabad with three of our top founders ... @vamsi_kurama and his brother @viharkurama of @planepowers and @liyasthomas of @hoppscotch_io. We are deeply honored to be founding partners with these phenomenal forces of nature." Link

  • Vamsi Kurama: "Work AI ~ 1 year to accomplish Fire up your phone to discuss your inbox and achieve zero unread messages --- all with minimal voice input. Display your entire calendar, provide summaries, and assist with scheduling. Manage all tasks, launch applications or complete them within the same app. Handle all your communications and wrap up your workday." Link

  • Beff Jezos --- e/acc: "Bill Gurley calling out the AI Doomer-lobbyist complex and how open source is crucial to maintain Western competitiveness." Link

  • const: "When you break the limiting thought that distributed training needs to work the same way as torch.dist gradient sharing ... And then, instead, reconfigure it as collectively incentivizing "lowest loss, least cost" -- you get subnet 9 on Bittensor. Unreal competition married with the best allocation method to put compute behind those same engineers. Beautiful to see in action. We beat them at 1B ..." Link

  • W4 Games: "W4 Games + Meta = a match made in gaming heaven. We've partnered with the Meta Quest Platform to enhance the game developer experience with Godot Engine, empowering developers to create and publish extended reality (XR) games. Read more in our blog:" Link

  • John Forstmeier: "The @OSSCapital thesis has absolutely come into its own in the last few years." Link

  • Steven Tey: "After over 1 year of building @dubdotco, we are finally launching on @ProductHunt next Thursday (03.21.2024). Here's the teaser page for our launch β†’ Would really appreciate your support then" Link

  • JJ --- oss/acc: "OpenAI CTO: We trained on public videos Interviewer: What kind of public videos Mira: Silence Interviewer: Like Youtube Mira: I don't know" Link

  • bluesky: "Bluesky is built to give users control over their social spaces online. Today, we're open sourcing Ozone, a tool that lets users collaboratively inspect and label content on the network. Later this week, we're opening up the ability for users to run their own independent moderation services. Sign up here (no invite code required):" Link

  • JJ --- oss/acc: "Ok, we need to open source Boeing. What a disaster. Open aviation is safer than Closed aviation for the same reasons Opening AI is vastly safer than Closing AI." Link

  • JJ --- oss/acc: "Heavily funded AI companies actively shipping open models: @AbacusAI, @Meta, @StabilityAI, @cohere, @MistralAI, @TogetherCompute, @NousResearch, @Aleph__Alpha, @RunwayML, @HuggingFace, @Databricks, @AdaptiveML, @Grok (soon). Who did I miss?" Link

  • Y Combinator: "Open source is a powerful way to gain developer adoption and enables companies to move faster. It's also a great way for startups to mature and sell to enterprises much sooner. YC has funded over 150 open source companies to date, and we want to fund more. @dessaigne" Link

  • COSS Community: "Elon is now a COSS founder." Link

πŸ’ΈΒ COSS Liquidity (M&A + IPOs)

No COSS Liquidity news this week.

πŸ› οΈ COSS Jobs

  • 4,346 jobs and 302 companies hiring! Link
  • Peer Richelsen --- oss/acc: "we are hiring a head of sales at @calcom pls RT, like, share, intro and apply!" Link

πŸ“Š $COSS - Public Markets

$COSS markets down 2.67% last week

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

Koyfin market data

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