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COSS Weekly #84

Here's the eighty-fourth 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 $221.1M in funding announcements from DataStax, LibLab, ReadySet, Platform9, Ahana, Spacedrive, and Twocanoes, as well as major COSS ecosystem discussions. Also, this Wednesday, June 22nd, join us for an exclusive AMA with Allison McMillan, Head of Engineering at Forem --- only on COSS.Community!

Enjoy COSS Weekly #84, see you at the AMA, and happy Juneteenth!


πŸ’° COSS Funding: $221.1

  • DataStax, an open stack for modern data apps, announced a $115M funding round at $1.6B valuation led by Goldman Sachs Asset Management. Link
  • LibLab, an SDK-as-a-service platform, announced their $42M Series A led by Insight Partners. Link
  • ReadySet, an SQL caching engine, announced their $28.9M in funding, including a $24M Series A led by Index Ventures. Link
  • Platform9, building tools to manage distributed cloud clusters, announced their $26M funding round led by Celesta Capital. Link
  • Ahana, the Presto query engine, adds $7.2M to its Series A led by Liberty Global Ventures. Link
  • Spacedrive, a cross-platform file manager, announced their $2M Seed led by OSS Capital. Link
  • Twocanoes, building tools for Mac identity services, announced their funding from North Carolina State University. Link
  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "πŸŽ‰ Announcing @OSSCapital's investment in @spacedriveapp alongside lots of friends who've gone from first code commits to πŸ¦„ outcomes many times. The future of infra-neutral storage is here! πŸš€ Big thanks to Jamie Pine for including us in his mission. πŸ™πŸΌ https://t.co/AFgI2AL18I" Link
  • Jamie Pine: "Beyond excited to announce @spacedriveapp has raised a $2m seed from @OSSCapital, @rauchg & @naval along with so many more incredible angels. We're redesigning the file explorer; open source, cross platform and decentralized. https://t.co/szR0jJTJoq" Link
  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: ""I wanted @spacedriveapp to be open source, because I wouldn't use it myself if it wasn't. The technology that is going to be changing the world over the next decade is going to be open source. I believe that. Strongly." --- @jamiepine on a livestream just now. πŸ˜πŸ™‡πŸ»β€β™‚οΈπŸ€πŸš€" Link
  • OSS Capital: "When your angel co-investors collectively created $100B~ in equity value over a half a dozen times. // @spacedriveapp https://t.co/ENHweRqsj7" Link

πŸ“š COSS Content

  • Ivar Østhus: "We just looked over the numbers @getunleash. Currently 4/10 self-served trial customers convert to a paying customer. This is insane for a SaaS company πŸ™πŸ‘·πŸŽ‰ https://t.co/8JGRWx2o2F" Link

  • Ivar Østhus: "This is one of the benefits of #COSS, people already know the product when they explore the commercial edition and they are ready to buy. @COSS_Community" Link

  • Sid Sijbrandij: "We've seen a substantial shift in how enterprises are developing, operating, & securing software by moving to a platform strategy. As a result, our One DevOps Platform is gaining momentum and broader adoption. Read more about @GitLab's Q1FY23 results: https://t.co/wiQi8PQ4o6 https://t.co/TA9I9mn2yJ" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Super early on in building @OSSCapital, I was frequently asked by very smart people "why does a fund focused on open source founders need to exist, doesn't every software founder heavily use open source already???"..." Link

  • nocodejournal: "@nocodb is the NoCode database application platform you've been looking for https://t.co/2K6EWnindI #NoCodeJournal #NoCode #LowCode #techbiz #techtrends #technews #digitaltransfromation #digitalnews #digitaltrends #techtools #NocoDB" Link

  • TechCrunch: "Adobe releases open source tools to counter visual misinformation https://t.co/SxMg3JEtkt by @tayhatmaker" Link

  • Open Source Startup PodcastπŸŽ™: "New ⚑️EPIC⚑️ Open Source Startup Podcast Release @amanda_robs & @tnachen talk with ✨@getsentry Co-Founder @zeeg✨ We discuss starting an open source company before it was mainstream, adapting to different leadership roles & much more πŸ˜‰ Check it out πŸ‘‡https://t.co/1v548dJxJU" Link

  • TechCrunch: "Grafana open sources its on-call management tool https://t.co/BxkllVPcIH by @fredericl" Link

  • Remix πŸ’Ώ: "Welcome, Ismet! Our 40,000th Twitter follower! πŸ™Œ And THANK YOU to all 40k for following along. We're just getting started! πŸš€ https://t.co/kh1TQsTFLZ" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Of the 150~ software companies in history who've reached $1B+ in annual revenue, the largest cohort by far (20%~) are video game industry focused. In parallel, 0% of that cohort has been disrupted / transformed by open source. The next decade will look very different." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "VERY excited to welcome @allie_p, Head of Engineering @Forem, to our next COSS AMA series on @COSS_Community! πŸ™ŒπŸ»βœ¨ Mark your calendar's for June 22nd later this month. πŸ—“οΈ https://t.co/uqHzmLSTQy" Link

  • swyx: "Every so often I love to be reminded of the biggest devtools bizdev fail of all time https://t.co/qEYYeWrdCV https://t.co/AAZquBJS2I" Link

  • HashiCorp: "HashiCorp CEO @davidmcj joined @GreylockVC's @jerrychen on the #greymatter podcast to discuss the current cloud landscape, how HashiCorp keeps up with the increasing complexity of the cloud ecosystem, and new opportunities for startups. https://t.co/o3e2QfVaCX" Link

  • The Register: "OpenInfra Foundation talks about Directed Funding model for open source projects https://t.co/TT4BYubtYS" Link

  • Equinix Metal: "How much do you know about running and funding an Open Source project? Whatever your knowledge level, we have something for everyone. June 15th, The Maintainers of OSS." Link

  • Software Daily: "In this episode we'll discuss CloudQuery, Yevgeny's entrepreneurial background and raising funding with an open source project. https://t.co/eImHmwvLUT @yevgenypats @cloudqueryio @alexbdebrie" Link

  • Coiled: "Ben Rometsch invited Greg Hayes to join episode 32 of The Craft of Open Source to talk about the origins of Dask, Coiled, and how he found himself working in this area. Listen here: https://t.co/kmjmzN0nEG https://t.co/5Lfm9r4UEQ" Link

  • Neon: "Hello, World πŸ‘‹! We're Neon: serverless Postgres built for the cloud. Find out what a better Postgres experience offers: https://t.co/8YUhtaxCQ9" Link

  • Nasdaq: "What should leaders be transparent about, and how should they decide? @gitlab Co-founder & CEO Sid Sijbrandij (@sytses) and @nytimes Deputy Editor @RBlumenstein share their thoughts with Host @gmukunda. Listen to @Nasdaq's #WorldReimagined: https://t.co/5RuVc1xAS4 https://t.co/4H3ZHAksbd" Link

  • Bryan Offutt: "The current environment couldn't be better for OSS. Closed source: meaningful adoption, monetization, and sales cost are tightly coupled --- both you and your user have to pay to establish a relationship. Open source: they are decoupled. Less risk for them, less burn for you." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Top 10 OSS Remote Desktop Tools πŸ–₯ πŸ”₯ @RustDesk πŸ”₯ https://t.co/gu6lVqrm0a https://t.co/dVcu8aKYbx" Link

  • Tauri: "After 4 months of release candidates we're proud to release version 1.0 of Tauri! πŸŽ‰ Windows, Menus, System Trays, Auto Updater and much more are now at your fingertips! Check it out! ✨ https://t.co/NEt3knFTIs" Link

  • ReadySet: "Today we're excited to announce ReadySet Core, a freely available version of ReadySet that you can run anywhere, on as many nodes as you need. Read the full blog post & check out our Github repo here! https://t.co/1UFaBDCkcd https://t.co/oMTMJfBF57" Link

  • Lightning AI: "⚑️Introducing Lightning AI⚑️ Meet your OS for AI. Use Lightning Apps to build everything from production-ready, multi-cloud ML systems to simple research demos. https://t.co/3BpPambQT0 #AI #ML #DeepLearning #DataScience #BuildWithLightning" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Perhaps in the history of startups: Capital efficiency has never been more important. For this reason, early-stage COSS startups may become (by far, IMO) the most sought after category to deploy high-risk equity capital in private equity/VC. https://t.co/2ofEZ8OlRp" Link

  • The Information: "Databricks wants to hire 2,500 people this year. Here's its plan to lure increasingly risk-averse tech workers away from their present employers. https://t.co/GZBxuHMuXh" Link

  • Jim Whitehurst: "Had fun recording a podcast with an old friend and sectionmate from HBS.....https://t.co/ifgRoYHcJ6" Link

  • Spiral: "Once and for all." Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "I continue to be surprised that @martin_casado believes 'OSS becomes less relevant over time as everything moves to SaaS"' Just putting it out there: I'd love to publicly debate this point with Martin in any setting, anytime. πŸ™‚πŸ™‹πŸ»β€β™‚οΈ // @patrick_oshag https://t.co/QBIfALIXyV" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Fascinating similarity in the data here. Across almost all metrics. 😳 A tale of of two TOP 100 OSS projects: @godotengine 🌟 and @grafana πŸ’« https://t.co/tHf1gB5ic5 https://t.co/A5yulLvKI9" Link

  • Remix πŸ’Ώ: "Thank you @ReactSummit and everyone at the #ReactSummit conference for naming Remix the breakthrough of the year! πŸ‘ We are honored to even be considered, and to have the chance to give back to the React and web development communities! πŸ™ https://t.co/vi8bknK5q1" Link

  • OSS Insight: "Open source cross-platform GUI tool monthly star growth ranking @FlutterDev @reactnative @TauriApps @electronjs @Fyne_io @wailsapp @NeutralinoJs @NativeScript @infinite_red @Ionicframework https://t.co/ZluKWK4rfm #gamedev #javascript #opensource https://t.co/uiHJhqdvOo" Link

  • Heather Meeker: "Interesting change in Microsoft's store policies, described as an attempt to stop third parties from charging for FOSS. https://t.co/ALkn8t78Kb" Link

  • Rome Tools: "The team and contributors are working on creating rules for the new linter! Here's a sneak peak of the rules, with examples directly generated from the source code! https://t.co/f0RaEUPLq8 Expect a linter with rules and safe fixes with the new version of the CLI!" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Fighting cloud monopolies with proprietary software is a fools errand. The only way is through positive sum, playing-field-leveling open source transformation." Link

  • Rowy: "Rowy v2.6 release notes πŸŽ‰ Quality of life updates focused on bringing you the best developer experience on @Firebase and Firestore. Fresh new field types πŸ’« πŸ“Geopoint πŸ“Markdown ⏱ Duration πŸ†” Ref field Also, Firebase storage management made easy https://t.co/dV9J1r7q8X" Link

  • Tauri: "Hear ye, here yeet. Tauri 1.0 has been released, and you can read all about it at our new blog. Check it out: https://t.co/XjwtOUoa00" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Software will soon be measured by how environmentally friendly it is. 🌳 🌏 β™₯️ Tauri is leading this movement: https://t.co/tFOObH2s94" Link

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "Latest @GitHub stargazer stats! πŸ€“πŸ‘‡πŸ½ 5.9M~ repos have > 1 stargazers 264K~ repos have > 100 stars 35K~ have > 1,000 stars 2,440 @ > 10,000 ✨ 803 @ > 20K 372 @ > 30K 208 @ > 40K 133 @ > 50K 85 @ > 60K 62 @ > 70K 49 @ > 80K 39 @ > 90K 14 @ > 150K 5 @ > 200K https://t.co/T2CdJJgNBO" Link


πŸ’Έ COSS Liquidity (M&A + IPOs)

  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "VERY cool to see Microsoft support the open sourcing of all previously proprietary parts of @citusdata post-acquisition: https://t.co/Z3FUBUTjI0" Link

πŸ› οΈ COSS Jobs

  • 9,341 jobs and 227 companies hiring! Link
  • Joseph Jacks (JJ) πŸ‡ΊπŸ‡¦: "⚑️ DM me if you resemble this and want to join an early rocket-ship startup hiring a senior DevOps engineer: Distributed systems skilled, k8s experienced, comfortable with a complex stack, multiple environments, multiple cloud providers, GitOps. πŸš€" Link
  • Spacedrive: "We're hiring, 3 full-time remote positions available with equity offerings." Link
  • Jamie Pine: "If you or someone you know is looking for a new engineering position React/TypeScript or Rust, @spacedriveapp is open source, freshly funded---and hiring. Stock options, fully remote, $80-120k/yr. Apply now β†’ https://t.co/FM4hVi84u7" Link
  • Neha: "Twitter friends, can you help me out? I'm hiring a Senior Engineering Manager for our new OSPO team (Open Source Program Office) at GitHub. They will report to me and, with the team, we'll set out to be the OSPO for OSPOs - I explain in πŸ§΅πŸ˜… πŸ‘‡πŸΎ apply πŸ‘‡πŸΎ https://t.co/F9egJC4oCm" Link
  • Peer Richelsen πŸ—“πŸŠ: "we may start hiring again soon πŸ‘€" Link

πŸ“Š $COSS - Public Markets

  • $COSS markets down 2.42% last week

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

Koyfin market data

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