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COSS Weekly #82

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 πŸ˜‹ 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.


πŸ’° COSS Funding: $132.8

  • 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

πŸ“š COSS Content

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "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 πŸ‘€" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "The future of building Desktop apps on next-gen infra viscerally feels like it's @TauriApps πŸ”₯ πŸ¦€" Link

  • Bilgin Ibryam: "18 ways to differentiate open source products from open source projects" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Top 10 OSS Game Engines by Contributor Activity (by far best metric for analyzing project strength)! πŸ‘€ Nothing comes close to @godotengine πŸ”₯πŸ“ˆ Courtesy of the new AMAZINGLY valuable tool by @PingCAP: @OSSInsight 🀝 Here's the link for much more: " Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "30K club v soon for @NocoDB 🀝πŸ”₯πŸš€πŸ“ˆ" Link

  • TechCrunch: "Iterative launches MLEM, an open-source tool to simplify ML model deployment by @fredericl" Link

  • Ben Halpern: " immediately solves for a lot of signal/noise issues for finding good devops/infra info. can't be all things to all IT workers. It's really exciting to see the fruits sensible decentralization coming to bear. @forem πŸŽ‰" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Open Core: Open source eating software from the inside-out. Closed Core: Open source eating software from the outside-in." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Only 8 more followers until we reach 1,000+ for @COSS_Community πŸ”₯" Link

  • COSS Community 🌏: "THANK YOU 1,000+ FOLLOWERS !!! πŸ₯°πŸ”₯πŸš€" Link

  • Matrix: "It's official - @RocketChat now speaks Matrix!! πŸš€πŸš€πŸš€πŸŽ‰πŸŽŠπŸŽ† Incredibly exciting to see an existing flagship FOSS communication platform independently select Matrix for secure, decentralised interoperability - read all about it at 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" Link

  • The Julia Language: "We are excited to share that the new #JuliaLang @forem is live at πŸŽ‰ The Julia forem is the best place to write, discuss, and share Julia content! Jump in today and start writing ✍️" Link

  • Changelog: "An open source alternative to AWS Aurora πŸ—‚ tagged @postgresql #serverless @awscloud" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Open source alternatives will soon be over. They will become defaults, not alternatives." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "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

  • Changelog: "πŸ”₯ New episode of @FoundersTalk πŸ”₯ πŸ—£ Fireside chat with @jack 🎀 hosted by @adamstac πŸ—ƒοΈ #startups #bitcoin #oss πŸ’š" 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 πŸ—“πŸŠ: "if you wanna go open source, the best day to publish your github repository was yesterday. the next best day is today" Link

πŸ’Έ COSS Liquidity (M&A + IPOs)

  • 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

  • Modulz: "Big news: Modulz has been acquired by @WorkOS. Check out the blog post for all the details:" 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

  • TechCrunch: "Re-rethinking Databricks' valuation in a more conservative startup market by @alex" Link

πŸ› οΈ COSS Jobs

  • 9,749 jobs and 226 companies hiring! Link

πŸ“Š $COSS - Public Markets

  • $COSS markets down 0.21% last week

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

Koyfin market data

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