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COSS Weekly #49

COSS Weekly, Issue #49: October 3rd, 2021

Here's the forty-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 $140.6M in funding for Materialize, TONIC, Forta, Appwrite, Profian, RunX, and Orchest!


💰 COSS Funding: $140.6M

  • Materialize, building a streaming database for real-time analytics, announced their $60M Series C led by Redpoint Ventures. Link

  • TONIC, helping developers mimic their existing production data, announced their $35M Series B led by George Matthew at Insight Partners. Link

  • Forta, a smart contract security project from OpenZepplin, announced their $23M in funding by a16z. Link

  • Appwrite, building an open-source backend-as-a-service, announced their $10M Seed led by Bessemer Venture Partners and Flybridge. Link

  • Profian, building solutions for Trusted Execution Environments, announced their $5M Seed led by Project A. Link

  • RunX, making it easier for developers to deploy cloud infrastructure, announced their $4.1M Seed led by Unusual Ventures. Link

  • Orchest, building an integrated development pipeline for data scientists, announced their $3.5M Seed led by Gradient Ventures and Basis Set Ventures. Link

📚 COSS Content

  • Rowy: "Introducing Rowy - an open-source low code platform that allows you to build on Google Cloud Platform in minutes. Manage Firestore data in a spreadsheet-like UI, write Cloud Functions effortlessly in the browser, and so much more! Read more here." Link

  • COSS Community: "Great interview with the open source magicians @NocoDB" Link

  • Vinay Iyengar: "The latest data from the TSV Open Source Index is live! The TLDR insights below." Link

  • JJ: " just blazed past 8,000 stars on GH from ZERO only 7 months ago... quite amazing to see the movement in open scheduling infrastructure take shape!!!! // @peer_rich @calendso." Link

  • JJ: "We JUST passed 1 year of running COSS Weekly! @COSS_Community" Link

  • AWS: "Amazon Managed Service for Prometheus simplifies monitoring containerized applications at scale. It opens the door to open source #Prometheus query language, and closes down having to manage underlying infrastructure!" Link

  • ^ JJ's response: "HUGE validation and amplified distribution for the @PrometheusIO project. Massive congrats to @juliusvolz and founding crew." Link

  • Oleg: "This lib went an interesting OSS model: you can install it for free, but to access github repository you have to become a sponsor." Link

  • Mitchell Hashimoto: "Randomly just found the email and gist we sent welcoming folks into the Vault closed beta before we ever released Vault publicly. I don't think anyone (us included) expected Vault to be as successful as it has become today!" Link

  • JJ: "Awesome post by @lianamelt on hiring contributors from your open source project for your COSS startup!." Link

  • Arianna Simpson: "I'm delighted to share that @a16z led a new round of funding in Forta, an enterprise-grade Web3 security platform that a group of partners (led by @OpenZeppelin) created to secure the open economy." Link

  • Rowy: " is thrilled to be a featured project @AnitaB_org @ghc today! One of the largest conferences of amazing #womenintech globally" Link

  • JJ: "Today is a special day for us @OSSCapital ... Exactly 3 years ago to this very minute, we announced our firm: Thank you to everyone who has supported and continues to believe in our COSS mission." Link

  • Mike Camel: "Very excited to come out of stealth mode as CEO of Profian. Here's my blog post to get you started: #startups #confidentialcomputing #seedround #security #CyberSecurity." Link

  • Authzed: "For Authzed's first birthday our whole team is ecstatic about our biggest announce yet: we've gone open source!." Link

  • JJ: "Open source distribution (frictionless, word-of-mouth, no marketing, low CAC) is the most authentic and efficient kind of digital technology distribution. Closed source dist. (high friction, ad dependent, paid marketing, high CAC) is the least authentic and most inefficient!" Link

  • Airbyte: "Today, we are announcing an important change about Airbyte and how we are going to future proof the commoditization of data integration with the Airbyte community. (1/7)." Link

  • Nithya Ruff: "Leaving for the west coast for the first time in 18 months to be at @saastr annual. To have a conversation with @alighodsi of @databricks on the future of #AI, #OpenSource and Enterprise #SaaS. Topics that are critical to #InnovationForEveryone. Join us." Link

  • JJ: "What if I told you that endowments, foundations, ultra-high-net worth individuals and sovereign wealths have funded open source to the tune of $10 BILLION + so far this year alone? ..." Link

  • Stephen Walli: "An OSI-approved license is a statement of outbound sharing and can have NO expectation of a return. A business model is defined by customers paying for value for a solution to a problem. The business must cover the cost of delivery of the solution." Link

  • Andreas Klinger: "In a few years it will be hard to imagine enterprise software thats not opensource." Link

💸 COSS Liquidity (M&A + IPOs)

  • No COSS Liquidity events this week

📊 $COSS - Public Markets

  • $COSS markets down 5.59% last week

  • Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.

Koyfin Market Data

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

Mayfield Fund Graphic

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