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COSS Weekly #29

COSS Weekly, Issue #29: May 16th, 2021

Here's the twenty-ninth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every Sunday afternoon (Pacific Time) 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: Funding, Content, Liquidity and $COSS Public Markets.

Public markets stabilized a big last week, and we saw three (3) acquisitions and two (2) funding rounds! Congrats to Zepl, Vamp and FossID on their exits, and to Cyral and DataStax on their new funding rounds! Tons of awesome new content as well from many...


💰 COSS Funding: $76M 

  • DataStax, the COSS company behind the Apache Cassandra project, announced their first fund raise in nearly 7 years: $50M from Goldman Sachs. Link  
  • Cyral, an open-source-centric cloud data governance and security startup, announced their $26M Series B with participation by Costanoa, Redpoint, A.Capital and a strategic investment from Silicon Valley CISO Investments (SVCI). Link


📚 COSS Content

  • Nauta Capital released a new COSS report on how "open source is eating Europe startups" and how they see the category and opportunities. Link ❤️  
  • Lindsay Auchinachie, a product design manager at VMware Tanzu (fka Pivotal Software) wrote a post on the importance of open source project design. Link ✍️  
  • Hasura, a COSS company focused on Backed-as-a-Service tooling powered by GraphQL, just crossed 200M downloads. Link 📈  
  • The "OSS in Business" podcast run by Dave Neary at Red Hat, hosted Jeff Borek and Stephen Walli on the intricacies of open source and business models. Link 🎙️  
  • The first episode of the "Entrepreneurial Open Source" podcast landed with Don Pearson, CSO of Inductive Automation, a SCADA software company, as the first guest. Link 🎙️  
  • HeavyBit hosted Sam Ramji, CSO of DataStax, on the Developer Love show with Patrick Woods of Orbit - discussing the standardization of work. Link 🎙️  
  • WeWork CEO made some polarizing comments about why the future of work is NOT remote, and the leadership of GitLab, GitHub and HashiCorp chimed in. Link, Link and Link 🔥  
  • Red Hat CEO Paul Cormier was interviewed on open source in India. Link 🇮🇳  
  • Percona co-founder and CEO Peter Zaitsev shared with The Register that he believes open source developers are under pressure to adopt less permissive licenses. Link 😨  
  • Nathan LeClaire & Alex Ellis presented their views on "Learning to Serve Through Sales" and open source monetization in general. Link 🤔  
  • Niall Crosby, founder of AG Grid, was interviewed on Episode #55 of The Angular Show, on bootstrapping a startup. Link 🎙️


💸 COSS Liquidity (M&A + IPOs)


📊 $COSS - Public Markets:

  • Last week, $COSS stabilized a bit, and only dropped another -1.3%. 😬  
  • JFROG was hit hard, again, last week, seeing another -13% stock price drop! 😭  
  • Latest $COSS snapshot below, as of market close on May 14th, 2021 - Data generated thanks to Koyfin

Koyfin Market Data

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