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Joseph (JJ) Jacks for COSS Community

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COSS Weekly #180

Here's the one-hundred eightieth 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 $264.75M in funding announcements from Vercel, LanceDB, Pythagora AI, and Parseable, a $6B deal in the works for Mistral, exciting project updates, and more!


πŸ’° COSS Funding: $264.75M

  • Vercel, the front-end cloud, announced their $250M Series E at $3.25B valuation led by Accel. Link
  • LanceDB, a multi-modal AI database, announced their $8M Seed led by CRV. Link
  • Pythagora AI, an AI dev tool, announced their $4M Seed led by Y Combinator. Link
  • Parseable, building log analytics for the cloud era, announced their $2.75M Seed led by Surge. Link
  • Christophe Fiessinger: "Mistral AI is nearing a deal to raise funds at a $6 billion valuation---nearly tripling its level from six months ago wsj.com/tech/ai/french... via @WSJ" Link
  • OpenSats: "OpenSats has received an additional donation of $21M from #startsmall - @jack's philanthropic initiative. $15,000,000 going to our General Fund. $5,000,000 to our Nostr Fund. $1M to our operations budget. Let us proceed together apace. Onward. opensats.org/blog/opensats-..." Link
  • JJ: "Non-AI COSS raising at > 30X ARR. We are back." Link

πŸ“š COSS Content

  • Richie - oss/acc: "Cap is currently on top of Show HN" Link

  • JJ: "What a year..." Link

  • Star History: "1.8K Cap: #OpenSource Loom alternative. @richiemcilroy star-history.com/#CapSoftware/C... #starhistory #GitHub" Link

  • JJ: "Conflating product experience with technology experience is fatal." Link

  • ResearchHub: "Exciting news! We've just rolled out our improved search feature on ResearchHub! Check out this quick video to see how it's easier than ever to find the research you need. Watch it now!" Link

  • Vihar Kurama: "We've seen lots of traction from companies working in various sectors: - Client management - E-commerce - Automotive - and more These are growing teams who don't want to commit to a fixed number of seats. It's working, folks." Link

  • Sid Sijbrandij: "Open source software isn't useful if people can't rely on the project remaining open source. Adopting Open Charter offers open source users predictability amidst the growing licensing switch trend opencoreventures.com/blog/2024-05-o..." Link

  • Richie - oss/acc: "Cap has reached 2.5k stars and is trending on GitHub Big release coming in the next few days." Link

  • Nous Research: "Today we are releasing an experimental new model in collaboration with @chargoddard and @arcee_ai, Hermes 2 Θ, our first model merge, combining Hermes 2 Pro, and Llama-3 Instruct, and then further RLHF'ed from there. Available on HuggingFace: huggingface.co/NousResearch/H... This model surpasses both Hermes 2 Pro and Llama-3 Instruct on almost all benchmarks tested, retains its function calling capabilities, and in all our testing, achieves the best of both worlds result. GGUF also available: huggingface.co/NousResearch/H... Huge thanks to Akash network for sponsoring the compute for this model. The Hermes Θ model was built from the efforts and collaboration of @teknium1, @chargoddard, @arcee_ai, @intrstllrninja, @theemozilla, @karan4d, and @huemin_art." Link

  • Nikita: "Never been more excited about where @LearnAnything_ is going The designs by @straykov are too good Link has some draft slides from for presentation on LA I will do All feedback is welcome. Building it out for both website and mobile, release soon. nikiv.dev/slides/la-apri..." Link

  • Cal.com: "Introducing 4.1 cal.com/blog/v-4-1 We didn't take much time to rest after the big release, so we also have our usual roundup of improvements, fixes and updates with our engineering team keeping up their relentless pace of shipping!" Link

  • Peer Richelsen --- oss/acc: "WHAT?! organize group meetings in less than 12 seconds?!! new in 4.1 cal.com/blog/v-4-1" Link

  • Richard Poelderl: "Scheduling is becoming a breeze. With @calcom Platform & dayjs, you will have everything you need to create a scheduling based SaaS, marketplace, ATS, you name it..." Link

  • Garrett Scott: "Just realized that @calcom has all of their historical internal metrics, team morale, and even payroll open on their website at /open. Taking open source to the next level. Mad respect @peer_rich." Link

  • Vihar Kurama: "We put a ton of thought into this post -- it's not just about the hype. Why OSS/COSS isn't always a guaranteed win Keeping open source alive & thriving Pricing models that break the mold... & more! Your thoughts are gold. Give it a read & let us know what you think!" Link

  • Taelin: "10/10 video about Bend. Content 100% accurate. Thanks for making it @fireship_dev youtube.com/watch?v=HCOQmK..." Link


πŸ’ΈΒ COSS Liquidity (M&A + IPOs)

No COSS Liquidity announcements this week.


πŸ› οΈ COSS Jobs

  • 4,705 jobs and 312 companies hiring! Link
  • Extropic: "x.com/i/jobs/1790921..." Link

πŸ“Š $COSS - Public Markets

  • $COSS markets up 4.40% last week
  • Latest $COSS markets as of last Friday at market close, courtesy ofΒ Koyfin

Koyfin market data

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