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COSS Weekly #59

Here's the fifty-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, Jobs, Liquidity and $COSS (Public Markets).

This huge week saw $491M in COSS funding announcements from CloudBees, Anyscale, Replit, Buf, GitGuardian, Inrupt, TruffleSecurity, and Chainguard, and the long-awaited $1.2B IPO for HashiCorp! 🎉 🎉 🎉

Enjoy!


💰 COSS Funding: $491M

  • CloudBees, providing DevOps solutions for compliance-first organizations, announced their $150M Series F at $1B+ valuation led by Goldman Sachs Asset Management. Link

  • Anyscale, providing distributed computing for machine learning and AI applications, announced their $100M Series C led by Lee Fixel's Addition and a16z. Link

  • Replit, maker of the collaborative in-browser IDE, announced their $80M Series B led by Coatue. Link

  • Buf, makers of Protobuf for schema-driven development, announced their $68M Series B led by Lux Capital and Tiger Global, and likewise announced $93M across four funding rounds to date. Link

  • GitGuardian, helping developers secure their code, announced their $44M Series B led by Eurazeo and Sapphire. Link

  • Inrupt, leaders of the Solid platform for personal online datastores (PODs), announced their $30M Series A led by Forte Ventures. Link

  • TruffleSecurity, makers of the TruffleHog tool for identifying vulnerable API keys and secrets, announced their $14M Series A led by a16z. Link

  • Chainguard, helping companies secure their software supply chain, announced their $5M Seed led by Amplify Partners. Link


📚 COSS Content

  • Parallel: "Introducing 𝗜𝗻𝗯𝟬𝘅: end-to-end encrypted communication between wallets, secured by your Ethereum address. A service for anyone to send and receive messages to any wallet, using their ENS or 0x address." Link

  • The OSS Startup: "NEW OSS STARTUP PODCAST. Ft. @emaxerrno, Founder & CEO of @VectorizedIO Episode --> http://anchor.fm/ossstartuppodc " Link

  • MergeStat: "We now have a public API, run MergeStat queries in our hosted environment, curl is all you need" Link

  • Clickhouse: "Learn how @mindsdb adds mega value to their machine learning-based forecasts using ClickHouse" Link

  • GitHub: "Check out the technology preview for GitHub code search, the next iteration for search, discovery, and navigation on GitHub. https://github.blog/2021-12-08-imp" Link

  • @owcki: "'Even a billion dollars of capital cannot compete with a project having a soul.' ~ @VitalikButerin" Link

  • JJ: "The #1 most innovative NFT gaming infra team @ParallelNFT just launched inb0x: E2E encrypted wallet-to-wallet messaging" Link

  • Aaron Boodman: "DAOs, like Smart Contracts, are misnamed. They are neither decentralized (typically) nor entirely autonomous. It's super frustrating to watch the Twitterverse arguing back and forth based on this misunderstanding so ima just spell it out here (Thread continues)" Link

  • AppleInsider: "Apple has launched a new website focused on its open-source projects and collaborations -- including #Swift and #WebKit -- and says it plans to release its projects on GitHub. https://appleinsider.com/articles/21/12 " Link

  • Chatwoot: "Hey folks, today we have 3 major announcements. 1. 2.0 version 2.0 version ships with an updated dashboard that is completely redesigned for a better user experience." Link

  • nuclei: "Scanning Log4j RCE - CVE-2021-44228 using Nuclei Template shared by @_melbadry9 @daffainfo @DhiyaneshDK Template - https://github.com/projectdiscovery/nuclei-templates/blob/master/cves/2021/CVE-2021-44228.yaml Reference - https://github.com/advisories/GHSA-jfh8-c2jp-5v3q #hackwithautomation #bugbounty #pentest #security " Link

  • Aaron Boodman: "Awhile back I took a swing at the open source funding problem: https://github.com/tythe-protocol/tythe I talked to a lot of companies and it seemed like something they'd be on board with. Doesn't require maintainers to start writing contracts or knocking on doors." Link

  • Dan Lorenc: "Funding OSS is a hot topic today! I got to spend a lot of time over the last two years working on paying OSS maintainers at @Google. We spent a few million dollars and funded some relatively high profile work, in addition to a lot of smaller projects. A thread on problems I saw." Link

  • DavidKPiano: "Here's a controversial one: Investors (angel, institutional, etc.) will be the unlikely heroes of solving the 'funding open source' problem." Link

  • Boldstart Ventures: "'Investing In Open-Source Projects:Here's What VCs Are Looking For' https://buff.ly/31P70tm @shomikghosh21 spoke to @crunchbase 'One of the most attractive characteristics of OSS from an investment perspective is obvious:The enormous TAM of tens of millions of devs on the planet'" Link


💸 COSS Liquidity (M&A + IPOs)

HashiCorp IPO Reactions!

  • IPO Boutique: "HashiCorp Inc (HCP) priced a full-size deal of 15.3mm shares at $80 ($8 Above the $68-$72 range) and will debut on Thursday. #IPO $HCP" Link

  • HashiCorp: "Today's milestone was only achievable through the support of our community, customers, partners, investors, and employees. Our founders, @mitchellh and @armon, share a message of thanks to everyone involved in HashiCorp's journey: https://hashi.co/3y9fxDn" Link

  • Kelsey Hightower: "From HCL to HCP." Link

  • JJ: "$COSS approaching 20 public companies thanks to @HashiCorp IPO today." Link

  • Semil: "Searched back through the email archives tonight on the eve of $HCP" Link

  • Gamestonk Terminal: "#OpenSource #developers

    @HashiCorp go public tomorrow on NASDAQ, trading under the symbol, $HCP. The company aims to raise over $1B offering 15M shares priced between $68-72. #100DaysOfCode #Python Get our #free finance terminal today on @github: https://bit.ly/3r0LiwU" Link


  • MongoDB: "MongoDB, Inc. announces third quarter 2021 financial results: → Total revenue of $227 million, up 50% YoY → Over 31,000 customers → Atlas revenue up 84% YoY" Link

  • Jared Palmer: "I'm excited to share that @Turborepo is joining @Vercel! I'm leading a brand new build performance team while also working on the new http://turborepo.org open source project. The mission stays the same: make ship happen." Link


🛠️ COSS Jobs

  • Senior Backend Engineer, Head of Decentralization, Content Writer (Cal.com) Link

📊 $COSS - Public Markets

  • $COSS markets down 0.70% last week

  • The average value of all public COSS companies is now $10B, and the overall public index is approaching $200B!

  • 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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