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COSS Weekly #79

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

Last week saw $546M in funding announcements from Aiven, HuggingFace, Supabase, HiveMQ, Komodor, CIQ, StackHawk, Novu, Predibase
and Socket, plus news from Cloudflare, Open AI, and NVIDIA, and major product milestones.


πŸ’° COSS Funding: $546M

  • Aiven, a cloud platform for open source infrastructure, announced their $210M Series D led by Eurazeo. Link
  • HuggingFace, building tools for open and collaborative machine learning, announced their $100M Series C led by Lux Capital. Link
  • Supabase, making an open-source cloud backend, announced their $80M Series B led by Felicis Ventures. Link
  • HiveMQ, provider of the enterprise MQTT messaging platform, announced their €40M Series A led by Molten Ventures. Link
  • Komodor, building tools for troubleshooting Kubernetes, announced their $42M Series B led by Tiger Global. Link
  • CIQ, makers of the Rocky Linux distribution, announced their $26M Series A led by Two Bear Capital. Link
  • Stackhawk, building developer-first security tools, announced their $20.7M Series B co-led by Sapphire Ventures and Costanoa Ventures. Link
  • Predibase, an alternative to AutoML based on the open source Ludwig and Horovod projects developed at Uber, announced their $16.25M Series A led by Greylock. Link
  • Novu, building an API for notification management, announced their $6.6M Seed led by Crane Venture Partners. Link
  • Socket, building tools to secure the open source software supply chain, announced their $4.6M Seed led by Elad Gil. Link

πŸ“š COSS Content

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Very exciting community taking shape ⁦@rustdesk⁩ --- Open source virtual / Remote Desktop infrastructure for everyone! Written in ⁦@rustlang⁩ πŸ¦€ ⚑️ πŸ’»" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "HUGE congrats + kudos to @Cloudflare for doing this....!" Link

  • Remix πŸ’Ώ: "Kent is excited to see you at #RemixConf in ~2 weeks. Over 300 attendees all there to learn, teach, and collaborate on building with the web platform. 31 amazing sponsors. Sweet swag, meals, and activities. Do you have your tickets yet? πŸ’ΏπŸŽŸπŸ’ΏπŸŽŸ πŸŽŸπŸ’ΏπŸŽŸπŸ’Ώ" Link

  • Peer Richelsen πŸ—“πŸŠ: "remote works @deel" Link

  • TechCrunch: "How Red Hat became the tip of the spear for IBM's rejuvenation strategy by @ron_miller" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "We @OSSCapital are working toward doing something pretty radical. As a fast growing $100M+ AUM VC firm, this is the first time in history the private equity industry this level of transparency will be unlocked..." Link

  • nixCraft: "Oh my. NVIDIA is now publishing Linux GPU kernel modules as open source with dual GPL/MIT license, starting with the R515 driver release. You can find the source code for these kernel modules in the NVIDIA Open GPU Kernel Modules repo on GitHub." Link

  • Thomas Kurian: "Today at #GoogleIO, we're thrilled to announce AlloyDB for PostgreSQL. Based on our decades of experience designing and managing database systems, it provides superior performance and scale for the most demanding enterprise workloads." Link

  • Stripe: "Today we're open-sourcing Markdoc, the content-authoring system that powers the Stripe docs. You can now freely build documentation, static pages, or tooling with the same tools we use: ✍️" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Remember: Open source has infinite runway and zero burn rate." Link

  • Open Source Startup PodcastπŸŽ™: "πŸŽ™οΈNew Open Source Startup Podcast EpisodeπŸŽ™οΈ Ft. @technosophos co-founder & CEO of @fermyontech⚑️ Great convo about WebAssembly & the next gen of cloud computing ☁️" Link

  • Scott Hanselman πŸ‡ΊπŸ‡¦: "Wow" Link

  • OSS Capital: "We just crossed 3,000 Twitter followers 🎈" Link

  • Cloud Native: "Shared success in building a safer open source community @google" Link

  • Tauri: ""Das ist der hammer!" - 40K ⭐️on GitHub, which also basically puts us in the top 200 open-source projects on GitHub as well. A deep and heartfelt thankyou to all of our supporters! OSS Forever πŸ’™" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "I wonder if @elonmusk will base @Twitter on the open source work started by @jack here:" Link

  • Hugging Face: "Last week @MetaAI publicly released huge LMs, with up to β˜„οΈ30B parameters. Great win for Open-SourceπŸŽ‰ These checkpoints are now in πŸ€—transformers! But how to use such big checkpoints? Introducing Accelerate and ⚑️BIG MODEL INFERENCE⚑️ Load & USE the 30B model in colab (!)⬇️" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "πŸš€ Open source is eating Remote Desktop software faster than remote is eating office work. πŸ’» ✨// ⁦@rustdesk⁩" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "SOLID piece by @federicowengi from @pauaventures 🎯" Link

  • JS Party πŸŽ‰: "πŸ”₯ New episode of JS Party! πŸ”₯ πŸ’¬ A JS framework for startups: Redwood goes 1.0 😎 with @mojombo ⚑️ your host @kbal11 πŸ—„οΈ #javascript #frameworks #startups πŸ’š" Link

  • Armon Dadgar: "Amazing to reflect that @HashiCorp Series B was a $24M raise on a $95M post. We also had 6 products, multi-million revenues, huge community, and >100% growth rate. Recent raises of >$100M with stratospheric post-money valuations really are head scratchers." Link

  • Timescale: "⭐️⭐️ We hit 13,000 GitHub stars this week! ⭐️⭐️ Biggest thank you to everyone who's starred us, submitted issues and helped make TimescaleDB better. Haven't checked out our repo yet? You can find it πŸ‘‡" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "COSS representing top 20% of SaaS performers 🦾🦾 // $GTLB $MDB" Link

  • OSS Capital: ".@OpenAI's DALLE-2 generated this image based on the input: "Linus Torvalds celebrating the open sourcing of OpenAI" πŸ˜‚ // courtesy of @_pranavnt" Link

πŸ’Έ COSS Liquidity (M&A + IPOs)

πŸ› οΈ COSS Jobs

  • 10,344 jobs and 222 companies hiring! Link

πŸ“Š $COSS - Public Markets

  • $COSS markets down 4.80% last week

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

Koyfin market data

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