Here's the eighty-second 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 $132.8M in funding announcements from WorkOS, Chainguard, and Mintlify, plus product updates and milestones, and insightful conversations.
- WorkOS, helping apps become enterprise ready, announced their $80M Series B led by Greenoaks. They also announced their acquisition of open-source projects Radix UI and Stitches. Link
- Chainguard, securing the software supply chain, announced their $50M Series A led by Sequoia Capital. Link
- Mintlify, helping teams automate documentation, announced their $2.8M Seed led by Bain Capital Ventures. Link
Joseph Jacks (JJ) 🇺🇦: "Who's eggs are these? Note: Hummingbirds are least likely to go extinct (aka open source) and their wings flap the fastest (aka rate of innovation). Place your bets folks! @rustdesk 👀 https://t.co/4sDqgjxvhB" Link
Joseph Jacks (JJ) 🇺🇦: "Top 10 OSS Game Engines by Contributor Activity (by far best metric for analyzing project strength)! 👀 Nothing comes close to @godotengine 🔥📈 Courtesy of the new AMAZINGLY valuable tool by @PingCAP: @OSSInsight 🤝 Here's the link for much more: ossinsight.io/collections/ga... " Link
Ben Halpern: "https://t.co/sQYfAkKs2L immediately solves for a lot of signal/noise issues for finding good devops/infra info. https://t.co/lWepprFqmW can't be all things to all IT workers. It's really exciting to see the fruits sensible decentralization coming to bear. @forem 🎉 https://t.co/EuxE1ce7Xm" Link
Joseph Jacks (JJ) 🇺🇦: "Open Core: Open source eating software from the inside-out. Closed Core: Open source eating software from the outside-in." Link
Matrix: "It's official - @RocketChat now speaks Matrix!! 🚀🚀🚀🎉🎊🎆 Incredibly exciting to see an existing flagship FOSS communication platform independently select Matrix for secure, decentralised interoperability - read all about it at https://t.co/6Shr4KkMsY. Who's next?! :D" Link
OSS Insight: "We released a new version of OSSInsight website, with more real-time data insertion (second level), more collections (game engine, headless cms, text editor, search engine, etc.), and more cool data visualization effects https://t.co/ZLPLnCj0kj" Link
The Julia Language: "We are excited to share that the new #JuliaLang @forem is live at https://t.co/Hf71BhVmMV 🎉 The Julia forem is the best place to write, discuss, and share Julia content! Jump in today and start writing ✍️" Link
Joseph Jacks (JJ) 🇺🇦: "Open source alternatives will soon be over. They will become defaults, not alternatives." Link
Joseph Jacks (JJ) 🇺🇦: "IMAGINE how much capital you'd need to burn to get a proprietary software startup product: --- Tested by thousands of users --- Code contributions from dozens of devs --- Millions reached (awareness) Seed, Series A, and maybe even a B. Meanwhile, most COSS startups have burned zero." Link
Marc Campbell: "If you are going to open source a project when it's completed and "cleaned up", why not just build in the open? It would help show other developers that projects rarely follow a linear path from start to v1." Link
Peer Richelsen 🗓🍊: "if you wanna go open source, the best day to publish your github repository was yesterday. the next best day is today" Link
Michael Grinich: "Today we're also announcing our first acquisition: @Modulz, the team behind @radix_ui and @stitchesjs. I'm thrilled to welcome@colmtuite, @sdothaney, and their entire crew to WorkOS. More on why this is a big deal for app developers everywhere" Link
Jamin Ball: "MongoDB quarter: - 285M rev (+57% YoY) vs $266M consensus (7% beat) - $281M next Q guidance vs $279M consensus (1% raise) - ~$171M Atlas rev (+82%). Atlas 60% of total rev - 36 months GM adj. CAC payback - 73% GM - 3% FCF Margin $MDB" Link
David McJannet: "Following HashiCorp's Q1 earnings, I want to thank the team for their hard work and the customers who trust us with their most critical infrastructure. Some of our Q1 customer wins indicate why I am so optimistic about the future of the cloud, so I want to share them here. 1/9" Link
- 9,749 jobs and 226 companies hiring! Link
$COSS markets down 0.21% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.