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 😋 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!
💰 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) 🇺🇦: "🎉 Announcing @OSSCapital's investment in @spacedriveapp alongside lots of friends who've gone from first code commits to 🦄 outcomes many times. The future of infra-neutral storage is here! 🚀 Big thanks to Jamie Pine for including us in his mission. 🙏🏼 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) 🇺🇦: ""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. 😍🙇🏻♂️🤝🚀" 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
📚 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 🙏👷🎉 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) 🇺🇦: "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 Podcast🎙: "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 😉 Check it out 👇https://t.co/1v548dJxJU" Link
TechCrunch: "Grafana open sources its on-call management tool https://t.co/BxkllVPcIH by @fredericl" Link
Remix 💿: "Welcome, Ismet! Our 40,000th Twitter follower! 🙌 And THANK YOU to all 40k for following along. We're just getting started! 🚀 https://t.co/kh1TQsTFLZ" Link
Joseph Jacks (JJ) 🇺🇦: "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) 🇺🇦: "VERY excited to welcome @allie_p, Head of Engineering @Forem, to our next COSS AMA series on @COSS_Community! 🙌🏻✨ Mark your calendar's for June 22nd later this month. 🗓️ 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 👋! 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) 🇺🇦: "Top 10 OSS Remote Desktop Tools 🖥 🔥 @RustDesk 🔥 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! 🎉 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) 🇺🇦: "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) 🇺🇦: "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. 🙂🙋🏻♂️ // @patrick_oshag https://t.co/QBIfALIXyV" Link
Joseph Jacks (JJ) 🇺🇦: "Fascinating similarity in the data here. Across almost all metrics. 😳 A tale of of two TOP 100 OSS projects: @godotengine 🌟 and @grafana 💫 https://t.co/tHf1gB5ic5 https://t.co/A5yulLvKI9" Link
Remix 💿: "Thank you @ReactSummit and everyone at the #ReactSummit conference for naming Remix the breakthrough of the year! 👍 We are honored to even be considered, and to have the chance to give back to the React and web development communities! 🙏 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) 🇺🇦: "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 🎉 Quality of life updates focused on bringing you the best developer experience on @Firebase and Firestore. Fresh new field types 💫 📍Geopoint 📝Markdown ⏱ Duration 🆔 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) 🇺🇦: "Software will soon be measured by how environmentally friendly it is. 🌳 🌏 ♥️ Tauri is leading this movement: https://t.co/tFOObH2s94" Link
Joseph Jacks (JJ) 🇺🇦: "Latest @GitHub stargazer stats! 🤓👇🏽 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
💸 COSS Liquidity (M&A + IPOs)
- Joseph Jacks (JJ) 🇺🇦: "VERY cool to see Microsoft support the open sourcing of all previously proprietary parts of @citusdata post-acquisition: https://t.co/Z3FUBUTjI0" Link
🛠️ COSS Jobs
- 9,341 jobs and 227 companies hiring! Link
- Joseph Jacks (JJ) 🇺🇦: "⚡️ 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. 🚀" 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 → 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 🧵😅 👇🏾 apply 👇🏾 https://t.co/F9egJC4oCm" Link
- Peer Richelsen 🗓🍊: "we may start hiring again soon 👀" Link
📊 $COSS - Public Markets
$COSS markets down 2.42% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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