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COSS Weekly #39

Joseph (JJ) Jacks
COSS missionary
Updated on ・14 min read

COSS Weekly, Issue #39: July 26th, 2021 

Here's the thirty-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 across: Funding, Content, Liquidity and $COSS (Public Markets).



This last week saw $51.5M in funding for Cube Dev, Julia Computing, Gravitee, and Serverless Stack, IPOs for Couchbase, Kaltura, and Instructure, and exciting progress from NocoDB, Hoppscotch, and Forem!



Enjoy!

 



💰 COSS Funding: $51.5M

  • Cube Dev, makers of an analytical API platform, announced their $15.5M Series A led by Decibel. Link   
  • Julia Computing, makers of the high-performance Julia programming language and JuliaHub cloud platform, announced their $24M Series A led by Dorilton Ventures. Link  
  • Gravitee, the open-source API management platform, announced their $11M Series A led by AlbionVC and Oxx. Link  
  • Serverless Stack, making it easy to build full-stack serverless applications, announces their $1M Seed round led by group including Greylock Partners, SV Angel, and Y Combinator. Link

 

📚 COSS Content

  • JJ: "The aggregate value of all COSS database companies is fast approaching 25% of @Oracle’s market cap of $244 Billion. My conservative prediction: By 2025, COSS databases will be worth > 50%.  Trends driving this: Platform specialization — graph, in memory, geo transactional, HTAP, etc. categories are splintering into mega players on their own, thus simultaneously dematerializing and threatening ORCL’s footprint. Open source at the core infra software layer has won." Link  
  • PlanetScale announces Sam Lambert as new CEO. Link  
  • JJ, in response to TechCrunch piece The end of open source? — "Probably the most poorly crafted click-bait headline I’ve ever read…. Open source does NOT mean “free for all unfiltered accepted contribution”. Link  
  • Kris Beevers: "Want to contribute to a high velocity open source project and community that already has a huge impact on the world's networks? There is no shortage of opportunity with #NetBox - get involved!" Link  
  • Jeremy Howard:"Copilot, from @github and @OpenAI, feels quite magical to use. It can auto-generate multiline functions, tests, and more, using all the context of your current code file. But part of me wonders: are the downsides are too great in practice? 1/". Link  
  • Abhishek Nayak: "Appsmith project crossed 5000 GitHub stars today.  Getting here was hard but we did it." Link  
  • shawn swyx wang: "I'm excited to finally share why I've joined @temporalio as Head of Developer Experience! Here's my explainer on 3 core opinions of Temporal, why they're hard to do well, and the business opportunities it presents." Link  
  • NocoDB, the open-source Airtable Alternative, launches on DEV. Link  
  • Image from Sourcegraph on the importance of Code Search in the hierarchy of needs. Link  
  • Entreprenerd: "It's unbelievable, but true: every quarter, there are still a handful of people who buy the second edition of "iText in Action" released in October 2010. I wish all those people would also buy a copy of my latest book 'Entreprenerd': https://entreprenerd.lowagie.com." Link  
  • Forem introduces Forem Self-Host! Link  
  • CockroachDB: Distributed Databases and Containerization with Spencer Kimball (SE Daily). Link  
  • Sid Sijbrandij: "GitLab has the right to migrate to the Netherlands for qualifying team members. Just added we can waive the 1 year tenure requirement if you are a member of an underrepresented group that is unsafe or if here is a lot of violence in your country."  Link  
  • The story of RapidAPI, the world's largest API Hub. Link  
  • JJ: "Hoppscotch just crossed 30K stars, one of the fastest growing open source platforms on the planet over the last 18 months, and perhaps fastest growing Indian startup in the world. Hearty congrats to @liyasthomas and team." Link  
  • Liyas Thomas: "Hoppscotch is celebrating the milestone of reaching 30,000 GitHub Stars. This is an achievement of our whole community. Thank you for each contribution, love, and all the commitments that you made to improve Hoppscotch. We are lucky to build this open source project with you." Link  
  • Peer Richelsen: "web3.0 is coming. it’s inevitable. and given the nature of decentralization, only open source companies can make the transition.Link  
  • JJ: "Every failed software startup should package up and open source their code… just to see what happens." Link  
  • JJ: "Apple spends billions on brain washing. Brainwashing you to think the iPhone = Privacy. This is one of the most profoundly harmful lies being told today. Privacy is fundamentally only possible through open platforms, to the core. Open core consumer devices are the future." Link  
  • Explore 200+ open-source alternatives to popular softwares. Link  
  • JJ: "One of the best investors of all time is all in on COSS." Link  
  • Sid Sijbrandij: "As far as we know at GitLab it isn't possible to set the default permissions of Google Docs to **Can Edit** and you have to change the permissions from **View** manually https://gitlab.com/gitlab-com/www-gitlab-com/-/merge_requests/86796/diffs We hope that Google adds this capability in the future so that everyone can contribute." Link  
  • Paul Sawers: "OSS Enterprise is VentureBeat's weekly newsletter dedicated to open source software. You can read previous issues and sign up here." Link  
  • Vitalik: "Retroactive public goods funding! Collaboration with the @optimismPBC team. Big thanks to them for also being willing to be the first to implement the mechanism!" Link  
  • Brink: "We're proud to announce our second round of open source developer grants! We've selected two very talented developers who currently contribute to Bitcoin Core." Link  
  • JJ, in response to 'Public blockchains are Marxist in their goals, Leninist in their implementations': "Open source is Communist in its goals, Capitalist in its implementations." Link  
  • Discover the AskGit project, creating tools to query git repositories with SQL. Link  
  • See what Gamestonk Terminal has been up to in this roundup thread. Link  
  • Christine Hall: "Somebody from Red Hat called me a 'technologist' in a discussion we were having on Twitter recently. Surprised the hell out of me just to be called that: 28 books recommended by open source technologists to read right now." Link  
  • Nocodb now at 15,000 stars! Link

 

💸 COSS Liquidity (M&A + IPOs)

  • JJ: "IBM Q2 earnings just reported that @RedHat revenue is up 20%." Link  
  • Apolicy, fusing security and compliance in the cloud-native development pipeline, has entered into a definitive agreement to join Sysdig, a leader in secure DevOps. Link  
  • JJ: "THREE new COSS IPOs this week: - @Instructure, creators of@CanvasLMS, raised $250M @ $2.7B.

    -
    @Couchbase, NoSQL DB, raised $200M @ $1.2B. - @Kaltura, open video platform, raised $150M @ $1.2B. Bringing $COSS to 16 companies! Link  
  • Grafana Labs announces acquisition of Pace.dev. Link  
  • Sean Michael Kerner shares thoughts on Couchbase IPO and the company's history and future. Link  
  • JJ: "Pretty incredible that in only 7 short years, ⁦ @confluentinc went from zero to $15B+ fully-diluted public company. It has taken ⁦@TIBCO 20+ years and several fundamental ownership transitions to capture half that much value." Link

 

📊 $COSS - Public Markets

  • $COSS markets down 1.39% last week  
  • Latest $COSS markets snapshot below as of close today courtesy of Koyfin.  
  • We are now up to 16 public COSS companies!
![Koyfin Market Data](https://www.coss.community/remoteimages/uploads/articles/wga6ydxvr8cn2irsq57b.png)

This issue of COSS Weekly is brought to you by Mayfield Fund

Mayfield Fund Graphic

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