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COSS Weekly #58

Here's the fifty-eighth 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).

This last week saw $230.5M in COSS funding announcements from Panther, Upbound, Gradle, Conduktor, and Cerbos, plus updates from Wasmer, Merico, Hoppscotch, and more!


💰 COSS Funding: $230.5M

  • Panther, the cloud-scale security analytics platform, announced their $120M Series B at $1.4B valuation led by Coatue Management. Link

  • Upbound, building a Universal Cloud Platform on Crossplane, announced their $60M Series B led by Altimeter Capital. Link

  • Gradle, building software for developer productivity, announced their $27M Series C led by Triangle Peak Partners. Link

  • Conduktor, building an enterprise Apache Kafka platform, announced their $20M Series A led by Accel. Link

  • Cerbos, building the future of user permissions and authorization, announced their $3.5M Seed led by Crane with participation by OSS Capital. Link

📚 COSS Content

  • Eric Newcomer: "Here's a list of startups that raised at unicorn status with single digit millions (or less) in annual recurring revenue" Link

  • ^ JJ's response: "Lots of COSS in there ..." Link

  • "NEW POST: Top 3 Takeaways from Octoverse 2021 by @kevinsxu #OpenSource #Developers #GitHub #Octoverse " Link

  • Oxx: "Learn more about these awesome startups, and all about Product-Community Fit, via @architrathi: #opensource " Link

  • ^ "According to @OxxVC we were the fastest growing COSS startup in 2021!" Link

  • @levelsio: "@peer_rich ok I'm switching to, Calendly is an absolute piece of shit I can't deal with it anymore, almost threw my laptop out of the window" Link

  • Wasmer: "BREAKING NEWS: Wasmer 2.1 released. Features added, bugs smashed, don't wait, try it now! - Wasmer-JS - Virtual Filesystem - iOS Support - Singlepass in Windows - Faster Singlepass compilation - Deterministic builds - LLVM 13" Link

  • Merico: "Thousands of developers can't be wrong. DevLake will save you tons of time and give you insight, so you can spend more time building, and less time admin-ing. More Dev. Less Ops. #OpenSource #Developers #OSS" Link

  • Nick Schrock: "1/ It's an exciting day: Dagster Cloud, the new standard for productivity, scalability, and trust in enterprise data orchestration, is here. We're opening up for Early Access today." Link

  • Liyas Thomas: "A month since launching Hoppscotch for Teams:\
    150 companies signed up for Teams. 220 teams were created. 650+ team members. 25,000+ monthly active users. 520,000+ all-time users." Link

  • Red Hat: "Bob Young started a dream out of his wife's sewing closet, financed on credit cards. Little did he know that

    @RedHat would become a world-changing #OpenSource company. Bob Young joins @Aclater on #RedHatCoffeeHour on 12/7. Register now: " Link

  • Patrick DeVivo: "it's also possible to query for "average time to comment" or "average time to close/merge" for issues and PRs. That'll be a topic for another post. Whether it's a good idea to measure those things...remains to be seen " Link

  • JJ: "DeSci is the future of science." Link

  • Erica Brescia: "Today is my last day as COO of @GitHub. Serving as a leader of the home for all developers has been the honor and privilege of a lifetime, and I'm so incredibly grateful for having had the opportunity. (1/4)" Link

  • Godot Engine: "Congratulations to the whole @Blender community for this huge achievement! Your #opensource leadership continues to be a source of inspiration and admiration, and the ecosystem you build and maintain is so important for all content creators." Link

  • @kitten_beloved: "Simple linear regression on funding of open source startups suggests that each star on GitHub is worth $655 of funding Assuming companies are worth 5x their funding amount, this translates to ~$3000 of valuation per star Source:" Link

💸 COSS Liquidity (M&A + IPOs)

🛠️ COSS Jobs

  • No COSS Jobs this week.

📊 $COSS - Public Markets

  • $COSS markets down 3.83% 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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