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COSS Weekly #64

Here's the sixty-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 ๐Ÿ˜‹ news from the previous week in COSS across: Funding, Content, Jobs, Liquidity and $COSS (Public Markets).

This last week saw $337.1M in COSS funding announcements from Dremio, MinIO, Slim.ai, Aleph.im, Ridge, Sync Computing, and MeiliSearch, plus job announcements and conversations across the space.

Enjoy!


๐Ÿ’ฐ COSS Funding: $337.1M

  • Dremio, building high-performing BI dashboards and interactive analytics tools, announced their $160M Series E at $2B valuation led by Adams Street Partners. Link

  • MinIO, building the world's leading object store, announced their $103M Series B at $1B+ valuation. Link

  • SlimAI, building a platform for containerized apps, announced their $31M Series A led by Insight Partners and StepStone Group. Link

  • Ridge, building a platform for Kubernetes container orchestration, announced their $22M funding round. Link

  • Aleph.im, building a decentralized storage and computing network, announced their $10M funding round led by Stratos Technologies. Link

  • Sync Computing, building cloud provisioning tools for data/ML workflows, announced their $6.1M funding round led by Moore Strategic Ventures and National Grid Partners. Link

  • MeiliSearch, building tools for user-facing search, announced their $5M Seed led by CRV. Link


๐Ÿ“š COSS Content

  • Rajko Radovanoviฤ‡: "1/ New blog post - Open Source Challengers: Brief recap of trends, funding & deals Why OSS wins and why that is good for the OSS expands into the application layer The end of closed source software categories? OSS Challengers Below " Link

  • JJ: "Such a great privilege to know @liyasthomas, founder of @hoppscotch_io as both friend and partner this past year. He is pretty famous in India, and increasingly the world." Link

  • Liyas Thomas: "Here's an amazing tutorial on API Testing with Hoppscotch by Cyril George" Link

  • Gwen (Chen) Shapira: "New SaaS Community video (and a new series): Where @sriramsubram shares the story of Confluent Cloud journey to self-serve provisioning and the lessons learned on the way:" Link

  • The OSS Startupโšก๏ธ: "โšก๏ธNew Open-Source Startup Podcastโšก๏ธ Ft. @martin_c_mao, Co-founder & CEO of @chronosphereio๐Ÿฆ„ Full episode --> https://t.co/RqUBbvHZIX https://t.co/rFqyqBSIrR" Link

  • Mike Dolan: "Netfilter, iptables, and #Linux developers settle lawsuit against a former contributor who had been unilaterally enforcing GPL for monetary gain. Any enforcement will now require a decision by the then-current community. Read the community's statement here https://t.co/GQCh5iSQQo" Link

  • ethereum.org: "We've removed all uses of 'Eth2' terminology on https://t.co/v9gxnMUQFz Find out why ๐Ÿ‘‡ https://t.co/84uJXSD4q1" Link

  • Gamestonk Terminal: "Use our ETF menu to find all the weird stuff that you didn't know existed, like ProShares Decline of the Retail Store ETF ($EMTY). Will we see the rise of the small caps this week? It's #opensource and #free: https://t.co/LnDOnvzGqr #Python #ETFs #NASDAQ #SPX500 #VIX #bear #ETF https://t.co/48VH3DGcOx" Link

  • peerrich.eth ๐Ÿ—“๐ŸŠ: ""to open-source or not to open-source" -- Shakespeer I wrote a short piece (10min) about my decision-making process behind starting an open source company https://t.co/VZHJscs6Am" Link

  • Remix ๐Ÿ’ฟ: "๐ŸŽ‰ So excited to announce #RemixConf ๐Ÿ’ฟ โ›ฐ See you in Salt Lake City in May! https://t.co/nO2bEC8GIw" Link

  • Runa Capital: "SaaS is good, but have you tried open-source alternatives to well-known SaaS products? Our analyst @garrrikkotua launched an awesome list with 100+ such OS products by startups on Github. Please enjoy, contribute and don't forget to star our repo โญ https://t.co/GwdHJDbvg2" Link

  • Bill Gurley: "I view this as VERY positive for @risc_v. If you haven't gone deep on RISC V, check it out. Open source semiconductor CPU. No fees, no royalties, no nothing. Asymmetric competition for ARM. With momentum. https://t.co/WqnCbOr4Al https://t.co/fHDhJK4vAx" Link

  • COSS Community ๐ŸŒ: "@bgurley @risc_v ๐Ÿ‘Œ๐Ÿผ // @Calista_Redmond" Link

  • FOSSA: "NEW: Leading OSS license compliance expert Heather Meeker breaks down the AGPL and its key provisions covering network deployment. https://t.co/HDpNVUGoWN" Link

  • COSS Community ๐ŸŒ: "From the team build designed, launched and scaled the leading @ApacheKafka Cloud at @ConfluentInc --- great wisdom shared by @gwenshap / @sriramsubram โœจ๐Ÿฆ„โ˜๏ธ https://t.co/CaTBe05qIT" Link

  • JJ: "๐Ÿ‡บ๐Ÿ‡ธ The new tech head of the @DeptofDefense (harnessing a $100B+ annual budget) just mandated use of FOSS as much as possible, and to partner with industry when needed to ensure national security. AWESOME news for COSS founders. โœจ๐Ÿš€ https://t.co/PwYNyxUnno https://t.co/5uOvgXvtZR" Link

  • Remix ๐Ÿ’ฟ: "โœ๏ธ Not Another Framework! The web ecosystem changes fast. Though exciting, it's exhausting when your hard earned expertise in a piece of tech dies when you move on. We think Remix's focus on the web platform helps mitigate this, check out ๐Ÿ‘‡ https://t.co/eT1ugaopGA" Link

  • JJ: "Most SaaS co's are built on a graph (aka Rube Goldberg mashup) of other SaaS dependencies they don't control and are disincentivized to contribute to. Most COSS co's are built on a graph of other FOSS dependencies they easily control and are highly incentivized to contribute to." Link

  • Canvas: "We're thrilled to announce what we've been working on at Canvas! https://t.co/gKVeQw90v6" Link

  • Cal.com: "We've taken some time to write about our experience with building a commercial open source startup, with all of the advantages and disadvantages it brings. Read it here: https://t.co/P2HInXGoEE" Link

  • Kent C. Dodds ๐Ÿ’ฟ: "If you think that @remix_run is coming for you Next.js users... I mean, we'd love to have you as users of Remix and all, but you're not really our target... https://t.co/3Q0p8MPOTX" Link

  • peerrich.eth ๐Ÿ—“๐ŸŠ: "after months of messages and emails, we finally got @calcom ๐Ÿ‘๐Ÿ‘๐Ÿ”ฅ๐Ÿ’ฏ" Link

  • JJ: "Open source isn't important, until it suddenly is. https://t.co/ZXPiRl2Na6" Link


๐Ÿ’ธ COSS Liquidity (M&A + IPOs)


๐Ÿ› ๏ธ COSS Jobs

  • Vicki Cheung: "Hi! I'm looking for a couple of infrastructure engineers to join me at Gantry (https://t.co/szHVJW4s8x). We're a remote-first team, building ML infra to help teams ship and improve models in the real world. My DMs are open ๐Ÿ“จ" Link

  • JJ: "Are you an exceptional designer looking to make a dent in the future of web development @remix_run? Look no further --- this is an awesome opportunity to work with some awesomely talented people ๐Ÿ‘‡๐Ÿผ๐Ÿ”ฅ https://t.co/NgduIMKeCC" Link

  • JJ: "๐Ÿ‡จ๐Ÿ‡ฆ ๐Ÿ‡ฉ๐Ÿ‡ช ๐Ÿ‡ฌ๐Ÿ‡ง ๐Ÿ‡บ๐Ÿ‡ธ ๐Ÿ‡จ๐Ÿ‡ณ ๐Ÿ‡จ๐Ÿ‡ด ๐Ÿ‡ฎ๐Ÿ‡ณ ๐Ÿ‡ฎ๐Ÿ‡ช ๐Ÿ‡ฎ๐Ÿ‡ฑ ๐Ÿ‡ฒ๐Ÿ‡ฝ ๐Ÿ‡ต๐Ÿ‡ฐ ๐Ÿ‡ท๐Ÿ‡ธ Come join the fastest-growing, remote-friendly COSS application (infrastructure for time) startup around โœจ ๐ŸŒŽ ๐Ÿš€ // @calendso https://t.co/rMUjSGpOeg" Link


๐Ÿ“Š $COSS - Public Markets

  • $COSS markets down 0.32% last week

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

Koyfin market data

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