Here's the one-hundred seventy-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 😋 news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).
Last week saw $250M in funding announcements from Rivos, a $5B rumor for Mistral, Hoppscotch passing 60K stars on GitHub, details on Plane's new self-hosted offering, and more!
Enjoy!
💰 COSS Funding: $250M
- Rivos, building secure software for RISC-V hardware, announced their $250M Series A-3 led by Matrix Capital Management. Link
- Silicon Angle: "Open-source LLM startup Mistral AI reportedly seeking new funding at $5B valuation" Link
📚 COSS Content
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JJ: "Meta is incentivized by lower capex costs to open source Llama in the same way they saved billions by doing
@OpenComputePrj. Zuck acknowledged this in his recent interview with @dwarkesh_sp. Now consider the universal incentive to produce more compute efficient AI / machine intelligence --- this measures in the trillions (perhaps hundreds of)." Link
JJ: "'Open source AI has risks, but it's potentially a much bigger risk that one institution controls the most powerful AI'" Link
Liyas Thomas: "We just passed 60K stars on GitHub." Link
JJ: "Incredible pace of progress by @planepowers in their first year of existence: 'Plane, like any other open-source B2B software, offers both a Cloud hosted edition and a self-managed one. While our Cloud users far outnumber our self-hosted users, it's nice to see for an early-stage start-up like ours an estimated 50,000+ active self-managed Plane instances.' https://plane.so/blog/streamlin" Link
💸 COSS Liquidity (M&A + IPOs)
No COSS Liquidity announcements this week.
🛠️ COSS Jobs
- 4,702 jobs and 311 companies hiring! Link
📊 $COSS - Public Markets
- $COSS markets down 4.99% last week
- Latest $COSS markets as of last Friday at market close, courtesy of Koyfin
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