Here's the one-hundred ninetieth 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 $35M in funding announcements from Onehouse, updates from Plane and Hoppscotch, a software engineering opportunity with Cap.so, and more!
Last week saw $155.3M in funding announcements from Chainguard, Namma Yatri, and Toddle, releases from Appflowy and Rustdesk, opportunities with Cal.com and Dub, and more!
Enjoy!
💰 COSS Funding: $155.3M
- Chainguard, securing the software supply chain, announced their $140M Series C led by Redpoint. Link
- Namma Yatri, a ride-sharing app, announced their $11M round led by Blume Ventures. Link
- Toddle, a collaborative programming platform, raised their $4.3M round led by Inventure. Link
📚 COSS Content
Bill Gurley: "For those that wonder why the closed AI model execs & their investors spend so much time in WashingtonDC, it is because they feared this day would come. When open-source becomes the market leader. Glad @FTC, @linakhanFTC are playing attention." Link
JJ: "Zuck isn't new to investing billions to make open standards that produce massive abundance for the world AND save + make Meta billions more ... Hardware = @OpenComputePrj Frontend = @reactjs Deep learning = @PyTorch LLMs = @AIatMeta SQL = @prestodb K/V store = @RocksDB" Link
JJ: "Just announced during the latest @opentensor community call : Bittensor $TAO support is coming to @Ledger" Link
Steven Tey: "Good news: We just crossed 500 paying customers at @dubdotco It took us 1 year to go from 0 to 250 customers, and just 5 months to go from 250 to 500 customers. Next stop: 5,000 customers" Link
rustdesk: "reddit.com/r/rustdesk/com..." Link
AppFlowy: "v0.6.5 is out! Publish your database as a web page This feature comes in handy for sharing a variety of content such as roadmaps, content calendars, and insightful data. Please find an example of how we use it to share our Q3 roadmap using Kanban: appflowy.com/5fca8c8a-8126-..." Link
Kelsey Hightower: "Switzerland now requires all government software to be open source. "public money, public code" zdnet.com/article/switze..." Link
Plane: "You save more than 70% of your spends on project and knowledge management software when you switch to Plane. Seventy percent! Seven zero! You don't have to take our word for it. See for yourself ↓. plane.so/pro" Link
JJ: "The world is moving toward more transparency, not less. Open source increases acceleration. Closed source increases deceleration." Link
💸 COSS Liquidity (M&A + IPOs)
- Gokul Rajaram: "From @axios: "India captured the highest share (37%) of overall exit value across all global markets not counting North America and Europe, over the last 18 months --- even surpassing China, which made up 29% of exit value. -Public market exits: $12.9 billion in 2023, $8.1 billion in H1 2024. -Secondaries: $6.6 billion in 2023, $2.2 billion in H1 2024. -Strategic M&A: $5.8 billion in 2023, $1.1 billion in H1 2024." Going long India this century is one of the easiest macro bets one can make. No doubt there will be bumps but the combination of demographics and democracy is a potent one." Link
🛠️ COSS Jobs
- 4,721 jobs and 316 companies hiring! Link
- Peer Richelsen --- oss/acc: "Aufgepasst! we are hiring our first marketing engineer, reporting to our head of marketing! you love... - venn diagrams as much as kamala harris? - to work at the interception of marketing and engineering? - to work with nextjs? - to ship landing pages like no other? Apply! Please RT for visibility cal.com/jobs/ic1-junio..." Link
- Peer Richelsen --- oss/acc: "earlier this month we went on our annual @calcom retreat to Lake Bled in Slovenia here's a recap excited? join us--we're hiring! cal.com/jobs/ic1-junio..." Link
- Soleio ✦: "The person who joins Dub as founding designer is going to work on one of the basic building blocks of the entire internet: the URL Monster opportunity to be on the ground floor of something mighty --- send me your work if interested or learn more below:" Link
📊 $COSS - Public Markets
$COSS markets up 2.29% last week
Latest $COSS markets as of last Friday at market close, courtesy of Koyfin
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