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COSS Weekly #37

COSS Weekly, Issue #37: July 11th, 2021

Here's the thirty-seventh 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 πŸ˜‹ news from the previous week in COSS across: Funding, Content, Liquidity and $COSS (Public Markets).

This week saw an update from Runa Capital on the fastest growing open-source startups (a.k.a. the ROSS Index), security funding for Opaque and r2c as well as an acquisition for cybersecurity provider Capsule8, and a Seed extension for Mapped's" digital twin for data infrastructure".

Plus discussions and updates from across the space!


πŸ’° COSS Funding: $43M

  • Opaque, building a solution for secure analytics on sensitive data in the cloud (even when multiple organizations are involved), announced their $9.5M Seed round led by Intel Capital. Link

  • r2c, building world-class security tools that feel simple to developers, announced their $27M Series B round led by Felicis Ventures. Link

  • Mapped, building a universal API for connecting control systems across elevators, HVAC, and other physical assets (a "digital twin of data infrastructure"), announced their $6.5M Seed extension led by MetaProp and Allegion Ventures. Link


πŸ“š COSS Content

  • "DARPA is open sourcing the baseline RISC-V processor designs used by the SSITH program" – Calista Redmond, CEO of RISC-V International. Link

  • JJ, McCrory, and others discuss open source foundations, standards, and evolutions. Link

  • Podcast: Open source growth and venture capital investment: data, databases, challenges, and opportunities. Featuring Runa Capital Principal Konstantin Vinogradov. Link

  • Runa Capital releases the fastest-growing open-source startups of Q2 2021 (a.k.a. the ROSS Index) β€” led by NocoDB, Jina AI, Appsmith, Supabase, and Tailwind Labs. Link

  • "Physics fundamentals ALWAYS prevail over inefficient methods. In software company building, Open Core is fundamentally pareto superior to Closed Core." Link

  • The Changelog: Massive scale and ultra-resilience, with Spencer Kimball (CEO & Co-founder of Cockroach Labs). Link

  • "Help create a firewall against disinformation, by building open source tools for open source investigative reporting." Opportunity shared by Peter Reinhardt (CEO at Segment). Link\

  • GitHub CTO Jason Warner joins Redpoint as partner in the firm's new $725M growth fund. Link

  • State of Open: The UK in 20201, OpenUK Report β€” including OSPO experiences from Aiven. Link

  • Open-source audio software Audacity has denied accusations that its updated privacy policy has made it "possible spyware," due to the concern that "[user] data can be shared with [Audacity's] Russia-based infrastructure company, WSM, as well as regional law enforcement." Read more. Link

  • PostHog: How to monetize your open source product. Link

  • Q&A with Douwe Maan, founder and CEO of Meltano, about the new data startup's approach and where the company is headed. Link

  • JJ: Biggest problem in open source is lack of explicit expectation setting from creators/maintainers. (Thread) Link

  • Open source is everywhere in business. Here's what's driving adoption. (ZDNet). Link


πŸ’Έ COSS Liquidity (M&A + IPOs)

  • Sophos, a global leader in AI-powered cybersecurity protection and guidance, acquires Capsule8, a market leader in protection for Linux servers and containers across on-premises and cloud workloads. Link

πŸ“Š $COSS - Public Markets

  • $COSS rose again last week by 1.63% πŸ”₯ 🀯

  • Latest $COSS markets snapshot below as of close today courtesy of Koyfin:

Koyfin $COSS market snapshot

Corrections to Koyfin data:
- QTCOM market cap listed at $2.44B (Google)
- MDB market cap listed at $22.85B (Google)
- WAND market cap listed at $232.3M (Google)
- CLDR market cap listed at $4.58B (Google)
- SUSE market cap listed at $5.661B (Bloomberg)
- CFLT market cap listed at $11.56B (Google)
- PRGS market cap listed at $2.01B (Google)

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