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 😋 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.
Enjoy!
💰 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
📚 COSS Content
Joseph Jacks (JJ) 🇺🇦: "Very exciting community taking shape @rustdesk --- Open source virtual / Remote Desktop infrastructure for everyone! Written in @rustlang 🦀 ⚡️ 💻 https://t.co/ifepFQfsNT" Link
Joseph Jacks (JJ) 🇺🇦: "HUGE congrats + kudos to @Cloudflare for doing this....! https://t.co/P0eiyn5dQe" Link
Remix 💿: "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? 💿🎟💿🎟 https://t.co/nO2bECqhA4 🎟💿🎟💿 https://t.co/Y0oSDTZeYF" Link
Peer Richelsen 🗓🍊: "remote works @deel https://t.co/BwihT81mpi" Link
TechCrunch: "How Red Hat became the tip of the spear for IBM's rejuvenation strategy https://t.co/kTEU7l58I4 by @ron_miller" Link
Joseph Jacks (JJ) 🇺🇦: "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. https://t.co/G5Vpoi9dNh" 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. https://t.co/yVTkQPSY5b https://t.co/GPVWypyGv7" 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: https://t.co/YPrlspQ3Ye. ✍️ https://t.co/JbfflVMaUZ" Link
Joseph Jacks (JJ) 🇺🇦: "Remember: Open source has infinite runway and zero burn rate." Link
Open Source Startup Podcast🎙: "🎙️New Open Source Startup Podcast Episode🎙️ Ft. @technosophos co-founder & CEO of @fermyontech⚡️ Great convo about WebAssembly & the next gen of cloud computing ☁️ https://t.co/FqWAKGPgbT" Link
Scott Hanselman 🇺🇦: "Wow https://t.co/anu0aJmL2x" Link
OSS Capital: "We just crossed 3,000 Twitter followers 🎈 https://t.co/w6lhhZFgOf" Link
Cloud Native: "Shared success in building a safer open source community @google https://t.co/TJoiGZIFWi" 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 💙 https://t.co/sH1voPGuis" Link
Joseph Jacks (JJ) 🇺🇦: "I wonder if @elonmusk will base @Twitter on the open source work started by @jack here: https://t.co/r376qXKOXh" Link
Hugging Face: "Last week @MetaAI publicly released huge LMs, with up to ☄️30B parameters. Great win for Open-Source🎉 These checkpoints are now in 🤗transformers! But how to use such big checkpoints? Introducing Accelerate and ⚡️BIG MODEL INFERENCE⚡️ Load & USE the 30B model in colab (!)⬇️ https://t.co/bITZ0z1P2z" Link
Joseph Jacks (JJ) 🇺🇦: "🚀 Open source is eating Remote Desktop software faster than remote is eating office work. 💻 ✨// @rustdesk https://t.co/5sP4Z1CzPs" Link
Joseph Jacks (JJ) 🇺🇦: "SOLID piece by @federicowengi from @pauaventures 🎯 https://t.co/aCmts2gv1g" Link
JS Party 🎉: "🔥 New episode of JS Party! 🔥 💬 A JS framework for startups: Redwood goes 1.0 😎 with @mojombo ⚡️ your host @kbal11 🗄️ #javascript #frameworks #startups 💚 https://t.co/EPkpWFKcYC" 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 👇 https://t.co/s60p3uLiFt" Link
Joseph Jacks (JJ) 🇺🇦: "COSS representing top 20% of SaaS performers 🦾🦾 // $GTLB $MDB https://t.co/qUOdjrZZpO" Link
OSS Capital: ".@OpenAI's DALLE-2 generated this image based on the input: "Linus Torvalds celebrating the open sourcing of OpenAI" 😂 // courtesy of @_pranavnt https://t.co/kJt3DAesGB" Link
💸 COSS Liquidity (M&A + IPOs)
Fly: "Breaking: Litestream is now part of https://t.co/IEvUZCoxb8! Do you like SQLite? Do you like streaming replication? No? Read @benbjohnson's new post on the https://t.co/IEvUZCoxb8 blog anyway: https://t.co/vFcjA47Mha" Link
Mitchell Hashimoto: "https://t.co/uGRQ1VEXqo This is awesome and I'm happy to see it. Congrats to @benbjohnson this is a great outcome for a personal OSS project: funding with direct business impact (vs. pure patronage). Fly is probably currently my fav eng-oriented, newer startup." Link
Joseph Jacks (JJ) 🇺🇦: "MongoDB ($19.5B~ EV) is currently worth more than Coinbase... 🧐 https://t.co/7n0sm2zVOK" Link
🛠️ COSS Jobs
- 10,344 jobs and 222 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets down 4.80% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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