COSS Weekly #50

COSS Weekly, Issue #50: October 10th, 2021

Here's the fiftieth 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 $508.8M in funding for Chronosphere, Solo.io, Esper, Gretel, ArangoDB, Pluribus Networks, Appsmith, and Wasp!

Enjoy!

💰 COSS Funding: $508.8M

• Chronosphere, building data observability tools, announced their $200M Series C led by General Atlantic. Link

• Solo.io, building service mesh tools for application networks, announced their $135M Series C led by Altimeter Capital. Link

• Esper, helping organizations remotely scale, manage, secure, and update connected devices with DevOps practices, announced their $60M Series C led by Insight Partners. Link

• Gretel, building privacy engineering as a service, announced their $50M Series B led by Anthos Capital. Link

• ArangoDB, building an open source graph database, announced their $27.8M Series B led by Iris Capital. Link

• Pluribus Networks, enabling distributed cloud networking, announced their $20M funding round led by Morgan Stanley Expansion Capital. Link

• Appsmith, making low-code tools for internal business app development, announced their $8M Series A and $2.5M Seed led by Accel, Canaan Partners, and Bessemer. Link

• Polar Signals, building tools for continuous profiling storage, announced their $4M Seed led by GV and Lightspeed. Link

• Wasp, building a language for quickly programming business logic, announced their $1.5M Seed led by Lunar Ventures and HV Capital. Link

📚 COSS Content

• Wasmer: "Where has WebAssembly been successful? Our CEO @syrusakbary speaks about it in this video!" Link

• Peer Richelsen: "Product/Market Fit works differently for a COSS company (commercial open-source). You need to get Community, Product, Commercialization right to truly find Product/Market Fit." Link

• Tom Preston-Werner: "1. What do you want most out of an open source community? 2. What types of events or interactions draw you in and keep you there? 3. What project has the best community today?" Link

• JJ: "Token cap tables are starting to look more like Startup cap tables. Who saw that coming? I wonder what @balajis thinks.. https://tomtunguz.com/l1-ownership-over-time/ // @ttunguz." Link

• Rowy: "We are officially launched and LIVE on @ProductHunt would love for your support." Link

• ^ Balaji Srinivasan's response: "Open source Airtable, not bad!" Link

• Kent C. Dodds: "kentcdodds.com is the biggest

  @remix_run site in the world (so far) and it's completely open source: https://github.com/kentcdodds/kentcdodds.com." Link\
  

• JJ: "Congrats to the founders and team at Lenses! Another great outcome for a @kubernetesIO startup. // @cra @CloudNativeFdn @Chalkiopoulos." Link

• JJ: "COSS NFTs are coming to @OpenCoreSummit 2021 later this year ..." Link

• mjackson: "The @remix_run npm registry is built as a single cloud function running on Google Cloud Functions (via Firebase hosting). Over the past month we served up 55k requests. It cost us $0.22 Servers are basically free these days!" Link

• Umbrel: "Hey @jack, let's get a @bluesky "node" on Umbrel. Here's why it makes the perfect sense. [Thread continues]" Link

• JJ: ".@altcap and team at Altimeter are quickly becoming the worlds leading at-scale COSS investor... this is awesome to witness! Over the last few years alone, powerful growth investments in: @GitLab, @confluentinc, @MongoDB, @CockroachDB, @dbt_labs, @soloio_inc." Link

• Shilla Saebi: "Congratulations to our OSPO leader, @nithyaruff, on being the first woman, & woman of color to be promoted to Fellow at @comcast. It's hard to imagine #OpenSource w/out her .Well deserved! @ComcastWomen." Link

• Open source's slowly growing role in Fintech by Steven J. Vaughan-Nichols" Link

• JJ: "TWO new COSS unicorn announcements today.. congrats to everyone at @chronosphereio and @soloio_inc." Link

• Chainguard: "We are thrilled to announce our new company: Chainguard, Inc. We are just getting started, but if you are interested in improving your software supply chain security, we would love to hear from you! https://chainguard.dev/posts/2021-10-" Link

• Tom Preston-Werner: "My two-minute @RedwoodJS update video from @JamstackConf is up! Featuring me at 100% enthusiasm + a cowboy hat + a stuffed polar bear + SHIA LABOUUUUUUUF!" Link

• Calyptia: "Calyptia is the "First Mile Observability" company :) , you can read more about it in our official announcement: https://calyptia.com/2021/10/06/fluent-project-creators-announce-calyptia-cloud-the-first-mile-data-observability-platform-for-enterprises/ @fluentd @fluentbit @CloudNativeFdn #kubecon." Link

• The OSS Startup: "We talk all things data transformation with @jthandy of @dbt_labs Check out this episode and others through our @launchawesome page! https://oss-startup-podcast.launchnotes.io." Link

• Cal.com: "Proud to be mentioned in the latest episode of @github's Release Radar." Link

• Sam Ramji: "Announcing Apache Cassandra on Google Anthos. Hybrid, open, cloud - it's a hat trick IMHO. I'm uncomfortably excited about this." Link

💸 COSS Liquidity (M&A + IPOs)

• Software development platform Gitlab files to raise as much as $624 million in a U.S. IPO. Link

• Databricks acquires 8080 Labs to extend its low-code/no-code capabilities. Link

• Lenses.io: "We are thrilled to announce that http://Lenses.io is joining forces with @Celonis. Hear what @Chalkiopoulos has to say about this new chapter in bringing the power of real-time to the world through Lenses." Link

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📊 $COSS - Public Markets

• $COSS markets up 0.87% last week

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

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