COSS Weekly, Issue #54: November 7th, 2021
Here's the fifty-fourth 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, Jobs, Liquidity and $COSS (Public Markets).
Another week, another massive COSS IPO filing — congratulations HashiCorp! — and another near $500M in new funding for Treasure Data, H20.ai, OctoML, FingerprintJS, QuestDB, MindsDB, Ethyca, and Activeloop.
Enjoy!
💰 COSS Funding: $483.1M
Treasure Data, building the leading enterprise Customer Discovery Platform, announced their $234M funding round led by SoftBank Corp. Link
H2O.ai, building a cloud platform for AI systems development, announced their $100M Series E led by Commonwealth Bank of Australia. Link
OctoML, accelerating ML deployment, announced their $85M Series C led by Tiger Global Management. Link
FingerprintJS, building a fraud prevention fingerprinting service for the web, announced their $32M Series B led by Craft Ventures. Link
QuestDB, making an open-source time-series database, announced their $12M Series A led by 468 Capital and Uncorrelated Ventures. Link
MindsDB, accelerating ML adoption inside databases, announced their $7.6M Seed led by Walden Catalyst Ventures. Link
Ethyca, building APIs, tools, and analytics to help organizations adhere to privacy policies, announced $7.5M Series A extension led by Lee Fixel, IA Ventures, LGF, and Table Management. Link
Activeloop, building the Database for AI, announced their $5M Seed led by 468 Capital and CM Ventures. Link
📚 COSS Content
Jithin James: "99%* of all OSS receive no money, we do it in our free time because we love it. But @liyasthomas is building a company out of his opensource side-project and he shared his insights with us on how he did just that.." Link
Ajay Kulkarni: "MangoDB: 'The core of our solution is a stateless proxy, which converts MongoDB protocol queries to SQL, and uses @PostgreSQL as a database engine.' https://t.co/YWRLUUGMSq?amp=1" Link
Juan Linietsky: "I have been working the past month on doing a redesign on how we store animation data in Godot. These changes will allow for much higher flexibility and compatibility." Link
JJ: "The #1 open source API development infra (@hoppscotch_io) is now available for Teams. Unlimited teams. Unlimited shared collections. Unlimited team members. Role-based access control. Cloud sync. Multiple devices." Link
Mark Davis: "Cal Sans 1.0 has launched! excited to share the now publicly available point-oh release of the open source brand font created for @calendso. Give it a download, kick in its tires, but be sure to track out at smaller sizes. If you have feedback---share!" Link
Parallel: "@asynchio and @OSSCapital are the battery that powers not only the Augencore but all the Parallel." Link
^ JJ's response: "This feels like years ago" Link
Patrick OShaughnessy: "MongoDB was one of my model companies and when crafting our team's strategy for building and delivering software It's a fascinating company with a lot to teach us @jspujji and @RoNagpal (who also broke down Twilio) explain the business in detail Enjoy! https://joincolossus.com/episodes/44897." Link
Pomp: "New episode with @shl is now live! - asynchronous workflow - open-sourcing a traditional business - hiring people without talking to them - decentralizing ownership & work - investing This one will blow your mind. Enjoy!" Link
Thomas Dohmke: "I am thrilled to be taking on the role of @GitHub CEO on Nov 15th. Leading the home for all developers is a dream fulfilled. Thank you @natfriedman for your commitment to GitHub over the past three years and everything you have done for our community." Link
Nat Friedman: "BIG news! After an amazing three years at GitHub, I'm ready for my next adventure. Later this month, I'm passing the role of CEO to the very capable @ashtom." Link
Sudheendra Chilappagari: "Today, we @BatteryVentures release the State of the OpenCloud 2021 report. This is a pure labor of love from my partners @Dthakker02 @chiraag_deora @DanelDayan @JasonMendel94 @JackMattei. Here's a thread summarising the most interesting takeaways from our report " Link
JJ: "AWESOME move by @Roblox finally making Luau (their fork of @LuaLang) open source!" Link
Remix: "React Router v6 is here! Automatic layout handling with nested routes. Route ranking. Relative routing and links. Completely rewritten with React hooks. Over 50% smaller than v5. Read the blog post NOW" Link
Arseny Kapoulkine: "Thrilled to announce that Luau, a gradually typed language derived from Lua we've been working on for a few years now, is open-source! You can read the full announcement here: https://luau-lang.org/2021/11/03/luau-goes-open-source.html And get the repository here: https://github.com/Roblox/luau ." Link
Gitpod: "Thank you @Microsoft & all the great humans behind @code for open sourcing VS Code Server. We won't ship a cake this time, we promise Instead we released both @gitpod and OpenVSCode Server with the new upstream changes today. Blog post: https://gitpod.io/blog/vscode-se" Link
Changelog: "New episode of The Changelog! Connecting the dots in public featuring @swyx, hosts @adamstac @jerodsanto. #culture #learn #frontend." Link
Tim Sweeney: "This is such an awesomely good-spirited thing to do. Amidst investors salivating at the prospect of metaverse aspirants locking consumers into new walled gardens, Roblox, following a recent IPO, releases their core scripting tech under a permissive open source license!" Link
@Facebookai_: "We have been developing and open-sourcing parts of a touch-sensing ecosystem. This week, we announced that GelSight will be manufacturing DIGIT, a high-resolution, compact tactile sensor designed for robotic in-hand manipulation. Learn more: https://ai.facebook.com/blog/teaching-" Link
The OSS Startup: "Episode 10 of the OSS Startup Podcast is LIVE. Ft. @PrefectIO founder @jlowin." Link
Micro Services: "Why developers need an AWS alternative https://link.medium.com/ujpq4KDnWkb #aws #m3o #cloud #opensource" Link
Matt Huang: "Honored to be joining @patrickc, @collision, and the rest of the Stripe board. Stripe is one of the great companies of our time, and I'm excited to see them invest more energy into crypto/Web3." Link
Apollo: "In order to ensure that Federation always remains open and free for the community, we are adopting the Elastic License v2 for Apollo Federation 2. Learn more." Link
Fabien Potencier: "A quick definition of Open-Source." Link
Andreas Klinger: "If you are doing X but open-source i would love to talk about investing. X can be ATS systems, HR platforms, spell-checking, collaboration, design, etc." Link
Ed Sim: "What's Hot in Enterprise IT/VC - Issue #262. Breaking down HashiCorp's S-1 + playbook for building a massive OSS company + The Case for Cloud Native and Infra." Link
JJ: "COSS Founders: Here's a call to action to build an open core @Grammarly." Link
Tim Sweeney: "Simon Peyton Jones is joining Epic! Simon is a force of nature behind the Haskell programming language and has written amazing papers on type systems, transactional memory, and other fields that will be key in realizing the metaverse." Link
Skynet Today: "GPT-3 is amazing, but sadly @OpenAI opted to not release it for others to build upon. 1.5 years later, things have changed: more and more models akin to GPT-3 are getting developed, and in some cases released. Read all about that in our latest." Link
Heather Meeker: "NASA advised to study up on what open source, free software, and permissive licenses actually mean https://theregister.com/2021/11/05/nasa_software_licenses/ via @theregister." Link
💸 COSS Liquidity (M&A + IPOs)
JJ: "'Hashi' (橋) means bridge in Japanese. Earlier today, @HashiCorp dropped their S-1... $HCP has been one of the most anticipated IPOs in COSS history! Here's my thread covering the highlights: https://sec.gov/Archives/edgar" Link
Ed Sim: "Congrats to @HashiCorp @mitchellh @armon on S-1 filing! Lots of wisdom - founder letter reiterates the power of OSS/infra model. 1. Win hearts and minds of developers to win enterprise. 2. Why OSS matters 3. OSS culture showed way to hire best talent globally 4. Design Matters." Link
Jay Kreps: "Confluent Earnings #2: 67% year-over-year growth in total revenue, 245% (!!!) year-over-year growth in Confluent Cloud. I'm incredibly grateful to our team, investors, partners, and especially our customers for being part of it." Link
Ben Schaechter: "DigitalOcean - $DOCN - is now an $11B+ company. Interesting findings from their earnings: Capex as a percentage of revenue has gone from 44% to 24% in less than two years which is pretty impressive." Link
Snyk acquires CloudSkiff, makers of driftctl, a tool to manage infrastructure drift. Link
Nubank targeting valuation of $50B in proposed IPO. Link
🛠️ COSS Jobs
- Engineering Manager (Wasmer)
- Engineering Manager (Rome Tools)
📊 $COSS - Public Markets
$COSS markets up 3.88% 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
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