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COSS Weekly #78

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

Last week saw $416.1M in funding announcements from Teleport, Tailscale, Sentry, Prisma, LottieFiles, Graphite, Phylum, and Logseq, plus milestones for NocoDB, Appflowy, and Hoppscotch, and great COSS podcasts and content.


πŸ’° COSS Funding: $416.1M

  • Teleport, building tools for infrastructure access, announced their $110M Series C led by Bessemer. Link
  • Tailscale, making a zero-config VPN, announced their $100M Series B led by CRV. Link
  • Sentry, building developer-first application monitoring, announced their $90M Series E led by Bond and Accel. Link
  • Prisma, a NodeJS and TypeScript ORM, annoucned their $40M Series B led by Altimeter. Link
  • LottieFiles, making a lightweight and scalable animation format, announced their $37M Series B led by Square Peg Capital. Link
  • Graphite, making a code review dashboard, announced their $20M Series A led by a16z. Link
  • Phylum, securing the software supply chain, announced their $15M Series A led by ClearSky. Link
  • Logseq, a privacy-focused knowledge graph, announced their $4.1M Seed led by Patrick Collison. Link

πŸ“š COSS Content

  • Niels Rogge: "The closest thing to 🦩 that's open-source and free is @Aleph__Alpha's MAGMA (by training adapter layers on a frozen GPT-J). @Gradio demo here:" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "HUGE win for open source hardware generally (chips) and @risc_v specifically. Expressif manufacturers > 30 % of all WiFi / router chips globally. ⚑️" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "This is a phenomenal story. Orders of magnitude lower cost vs. @Mailchimp at similar scale." Link

  • Wasmer: "The state of #WebAssembly in 2022 πŸ”₯ A great infographic by @katopz" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "πŸ’₯πŸš€ BIG congrats to @NocoDB for blasting thru 27,000+ stars & many millions of downloads! Transforming any database into a smart spreadsheet for non-technical users has truly awesome implications...unlocking database superpowers for all computer users." Link

  • Andy Randall πŸ‡ΊπŸ‡¦: "My talk on the Business of Open Source: Oxymoron or Opportunity? is now posted. Thanks to @equinixmetal, @alexellisuk & @Penguin for being such great hosts! Like many hard things, the principles of building an OSS business are simple. The practice is hard." Link

  • Andy Randall πŸ‡ΊπŸ‡¦: "My talk on the Business of Open Source: Oxymoron or Opportunity? is now posted. Thanks to @equinixmetal, @alexellisuk & @Penguin for being such great hosts! Like many hard things, the principles of building an OSS business are simple. The practice is hard." Link

  • Peer Richelsen πŸ—“πŸŠ: "best open source typeform alternative?" Link

  • Zan McQuade: "An all-star lineup for @OReillyMedia's Open Source Software Superstream tomorrow; tune in for brilliant insight from @nithyaruff @rrafols @DivaDanese @josephjacks_ @aevavoom @edwarnicke @elchefe & @decodebytes, hosted by @kelseyhightower Register here:" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Shoutout to @amanda_robs and @tnachen who are absolutely KILLING it with the continuous generation of COSS builders interview content @OssStartup πŸ™ŒπŸΌ" Link

  • Eldad A. Fux: "We just did a massive step towards how we believe EVERY company should act. We're happy to announce our first ever $50,000 OSS Fund to support individual open source projects and maintainers. Tag maintainers that could use our support. πŸ”— #opensource" Link

  • Ed Sim: "All OSS + PLG cos eventually need a top down sales org. ❓is when. Holding off as long as possible is πŸ”‘ to drive efficient sales. However, hard to unlock 7 figure customer deals w/out building the top down expertise - finding balance on OSS/PLG will be different for each co" Link

  • Bucky Moore: "The MDS is step #1 toward a comprehensive data architecture that serves the full range of use cases (BI, operational analytics, ML, real-time). @RudderStack lays the foundation for this journey, and is quietly on a path to building a monster company. πŸš€" Link

  • Founders Talk: "πŸ™Œ New episode of Founders Talk! πŸ™Œ πŸ’¬ Making an open source Stripe for time ✨ with @peer_rich from @calcom ⚑️ hosted by @adamstac πŸ—‚ tagged #startups #oss πŸ’š" Link

  • Ars Technica: "Microsoft open-sourced the code for 1995's 3D Movie Maker because someone asked by @AndrewWrites" Link

  • Dev Mukherjee: "Found @OSSCapital thanks to a post by @maddieprez This is very interesting as we believe many arenas of software should be completely in the public domain." Link

  • Nithya Ruff: "I like this discussion in that it is bringing this debate to a common ground. What both @josephjacks_ & @DivaDanese are saying is we want companies to succeed not by crippling #opensource or changing its definition, but do it by sustaining and contributing to opensource." Link

  • Buoyant: "Today we're happy to announce the next evolution in service mesh operation: Linkerd as a Service. 🎈 Announcing Fully Managed @Linkerd with Buoyant Cloud. Any cluster, any cloud." Link

  • AppFlowy: "v0.0.4-beta.3 is out. Downloadable packages for macOS, Windows, and Linux. Improved Table-view Database (alpha). New: πŸ“„ Row record open as a page πŸ”’ Support more number formats & more πŸ†˜Help us test the Grid and provide feedback" Link

  • James Q Quick: "This is a phenomenal write-up from the @remix_run team on comparing Remix and Next.js. I had loads of questions that were answered in-depth here. Really incredible how they've taken such a different approach to building an amazing new platform!" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "As we know, Elon is speeding this up quite a bit..." Link

  • Open Source Startup PodcastπŸŽ™: "New Open Source Startup Podcast: @EvidentlyAI ⚑️ @amanda_robs & @tnachen talk with Evidently AI CEO @elenasamuylova πŸŽ™ The company provides open source tools to evaluate πŸ“Š, test 🚦, and monitor πŸ“ˆ ML models Check out the full episode πŸ‘‡" Link

  • Open Source Startup PodcastπŸŽ™: "πŸŽ™οΈNew Open Source Startup Podcast ReleaseπŸŽ™οΈ Ft. @nicolass_hrd πŸ‘‰ CEO of @QuestDb Check it out πŸ‘‡" Link

  • PingCAP: "πŸ“£@OSSInsight helps you quickly compare different GitHub projects and gain the most up-to-date #OpenSource intelligence from 4.6 billion @github events.🀯 Give our platform a try and let us know what you think. Have fun! #GitHub" Link

  • COSS Community 🌏: "@seobrien" Link

  • Liyas Thomas: "Excited to launch the all-new Hoppscotch CLI πŸ€– β˜‘οΈ Command-line collection runner for @hoppscotch_io β˜‘οΈ Build CI/CD pipelines to continuously test and monitor APIs ⚑ β˜‘οΈ Extensible and open source ❀️" Link

  • EMMJAY: "It's kind of incredible to me how quickly @remix_run has grown beyond my ability to track everything. There are literally hundreds of contributors, conversations, extensions, and vendors we are working with. The web is a vast place! I'm grateful for an amazing community!" Link

πŸ’Έ COSS Liquidity (M&A + IPOs)

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "By my math, > $50B in COSS equity value has been captured by teams who developed open source projects that were subsidized&scaled by their tech employers.πŸ’₯ Here's an idea for the @LinkedIn's, @Shopify's, @Uber's and @Meta's of the world to get in on this more systematically:" Link

πŸ› οΈ COSS Jobs

πŸ“Š $COSS - Public Markets

  • $COSS markets down 5.12% last week

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

Koyfin market data

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