Here's the ninety-fifth issue of COSS Weekly, the global commercial open source (COSS) company category newsletter, brought to you every weekend 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 $94.5M in funding announcements from Startree, Recurve, Privado, and RISC Zero, excitement across tech over Stable Diffusion, and discussions and project updates across the space!
COSS Funding: $94.5M
Startree, building real-time analytics for real-time apps, announced their $47M Series B led by GGV Capital. Link
Recurve, a platform for virtual power plants, announced their $18M Series B led by Calpine Energy Solutions. Link
Privado, embedding privacy into the software development lifecycle, announced their $17.5M funding round led by Insight Partners. Link
RISC Zero, building a zero-knowledge VM, announced their $12M Seed led by Bain Capital Crypto. Link
📚 COSS Content
M Palanikannan: "Day-19🎯of my OSS journey, this week was absolutely amazing in terms of contributions! 1. Got my first PR merged into @MericoDev's DevLake! 2. Made a total of 5 PRs to @RocketChat with @henit_chobisa fixing most of the bugs in "Downloads" section of the app! 🧵👇 #OpenSource" Link
André Staltz:" New blog post: "Time Till Open Source Alternative" 📬 "In the future, all software will be open source, and no one will make money with software." staltz.com/time-till-open-so..." Link
Joseph Jacks (JJ) 🇺🇦: "What came before SaaS? Licensed Software (LS).. And what did LS diehards (Oracle/Lawson/Siebel) say about SaaS in 1995-'05 era?.. "SaaS will NEVER replace all of LS!". 🤣 What comes after SaaS? COSS. What are today's SaaS diehards saying about COSS? Mixed, but still "Never!". 😅 https://t.co/vXHtWu6KPb" Link
COSS Community 🌏: "@cassidoo @jhooks @rowyio @nocodb @openbb_finance @theappsmith @hoppscotch_io @supabase @boxyhq @spacedriveapp @MindsDB @mergestat @forem https://t.co/tB89TxCsch" Link
FOSSA: "#Opensource license compliance expert @HeatherMeeker4 discusses the keys to achieving continuous compliance with licensing requirements in this new video. https://t.co/WXDdHBtmyu" Link
Cal.com: "WOW, 13k Stars on GitHub ⭐⭐⭐⭐ what a journey -- we couldn't have done this without all of you! thank you all for believing in us 👏👏👏 let's build scheduling for absolutely everyone ❤️ https://t.co/OdnBLiVUoY https://t.co/0QehMTxs1x" Link
Mårten Mickos: "$24bn+ raised by Commercial Open Source Software companies over the past two and a half years https://t.co/WwNjfLpQoS @JosephJacks_" Link
Joseph Jacks (JJ) 🇺🇦: "⚡ Nearly 3 years in the making, @OSSCapital is thrilled to launch the industry's first 'Global VC Funding in COSS' report: 🚀 $24B invested across 500+ rounds, 360+ startups, 340+ projects, 230+ VCs 👀 Data is also provided for reference! 📊 https://t.co/j6pHrevwvz" Link
Joseph Jacks (JJ) 🇺🇦: "This is a very big deal.. and a huge step forward for truly open source AI. Warm, hearty and deep congrats to @EMostaque and team. https://t.co/gyLnwHxy3m" Link
Peer Richelsen 🗓🍊: "unpopular opinion in COSS: self hosted plans should be more expensive than hosted plans self-hosting requires a lot more hands on support, debugging and bug fixes hosting fees (AWS etc) are tiny compared to developer support salaries" Link
Nat Friedman: "Overheard in Silicon Valley. Striking how quickly stable diffusion has shifted the vibe. https://t.co/aUMsqNFdiG" Link
Mitchell Hashimoto: "1/4 I've seen some internet commentary claim Terraform was "first to market" (and a key reason for its popularity). This is not true... even if you omit cloud vendors. Terraform competed quite a bit early on with Docker Machine, Chef Metal, Puppet AWS, and others." Link
Joseph Jacks (JJ) 🇺🇦: "No engineering team building ANY proprietary software product can out-compete open source. Not even ALL cloud providers combined. The pace of open source innovation is a GIANT TSUNAMI 🌊 of innovation millions strong and driven by instinsic truth seeking." Link
Ed Huang: "Github is removing Trending? https://t.co/4qLVrFyYKr An alternative (better, maybe): https://t.co/qhY60IMjN1" Link
apolinário from multimodal ai art: "1 week of Stable Diffusion A creative explosion is unfolding with Stable Diffusion,s showing the power of open source as state of the art! We curated 23+ applications this week: new features, workflow integrations, UIs; run on Win, CPU, AMD, M1 and more! https://t.co/fhkdMuievS" Link
Petar Maymounkov: "Governance for git: A simple protocol and tool for building verifiable and self-certifying governance applications https://t.co/NMwmT0ZZxH" Link
Emad: "The intelligent internet. Personalised generative search models for everyone that compress knowledge. Image, audio, text & more. Distributed & dynamic - a protocol for the next generation. This is how we build the foundation to activate human potential @StabilityAI" Link
Peer Richelsen 🗓🍊: "Huge news for COSS We're working on a @linear 🔄 @github sync in collaboration with the @neat_run, based on an early work of @spacedriveapp the goal is to have a full end-to-end sync so COSS teams can use linear without hiding tickets from contributors https://t.co/zACYjPDmyE https://t.co/xibo88oGBU" Link
Emad: "Really good guide here for #stablediffusion The model is raw so treat it well and you have all the flexibility in the world to create anything you can imagine https://t.co/ODKvmrBB8M" Link
Joseph Jacks (JJ) 🇺🇦: "Excited about the next rev of #COSSVCDB will be powered by @preset_data and @theappsmith 🥰 📊 // @arey_abhishek @SriniKadamati 🤝 ICYMI, published this week = $24B+ of VC funding into COSS across all stages: 500+ rounds, 230+ firms, ... so much data! https://t.co/j6pHrevwvz" Link
Joseph Jacks (JJ) 🇺🇦: "Since 2020, YC has admitted > 70 COSS startups into its last several batches. This is a dramatic increase. Great to see. 📈 Good luck to all the COSS startups in W22! // @ycombinator https://t.co/L4kdsvXULt https://t.co/Arg735fb3a" Link
Dalton Caldwell: "Quite a few open core companies in my YC S22 group this batch: https://t.co/O4bx8Ut7gF https://t.co/9A5vyEwomc https://t.co/MWt5qj8mQK https://t.co/PzsCBNBslR https://t.co/YPCAusIvRW https://t.co/ck8YEJNzkX https://t.co/ohLsyqQzRR https://t.co/wkJsb6pNFH" Link
Didier Lopes 🦋: "@openbb_finance 99 different data sources 🫡 https://t.co/qt6D66rjxr" Link
snoopForms: "We've written a new piece on what motivates us to build snoopForms. Get the gist below (or read the full piece here): https://t.co/u98rsvV1xY" Link
Joseph Jacks (JJ) 🇺🇦: "There are (at most!) 1,500~ COSS startups in existence, globally...Nearly 25% of them are VC funded. This is absolutely phenomenal. 🤯 Contrast this with probably > 200K proprietary software startups... and maybe around 5% (at most?) of them have raised VC." Link
Cal.com: "https://t.co/RyMp9Q5BwD 🫱🏽🫲🏾 SASI 🔗 https://t.co/z3qiWoCQLH" Link
AppFlowy: "🙋Yes, @appflowy also publishes standalone building blocks for devs to build their own applications. Check out our newly released ⭐️AppFlowy Editor⭐️, a highly customizable rich-text editor for @FlutterDev, on https://t.co/b2ujIevHRM: https://t.co/qGoXuh7aHq @r_FlutterDev https://t.co/Se5YGhvsVr https://t.co/SacucAyB8M" Link
DeSci Labs (💡,💡): "DeSci Nodes: A 🧵 on the future of reproducible science, citations as function calls, and reclaiming the scientific record." Link
Keith Townsend #CTOARoadTrip: "What's the difference between an #Opensource conference such as #Kubecon and a vendor-centric conference such as #VMwareExplore? Take it from @kelseyhightower, who delivered the keynote at both. #CTOAdvisorStudio Full Interview: https://t.co/aAbDfiJl9C https://t.co/k2KjRHXMLE" Link
TWiT Tech Podcasts: "Returning guest @APenwarr talks about the changes expected for @Tailscale after receiving $100 million in funding and how they will maintain open-source principles. Subscribe to FLOSS for more: https://t.co/hQd6kqVJUF" Link
💸 COSS Liquidity (M&A + IPOs)
- Jamin Ball: "HashiCorp quarter -$114M rev (+52% YoY) vs $102M consensus (12% beat) -$111M next Q guidance vs $107M consensus (4% raise) -$10.6M HashiCorp Cloud rev (+186% YoY) -$12m beat this Q, FY guide raised $18m - 134% NDR - 25 months GM adj. CAC payback - 81% GM - (52%) FCF Margin $HCP" Link
- Jamin Ball: "Mongo earnings call takeaways Positives - No change in new business momentum or sales cycles - Expansion rates remain strong Negatives - Weaker consumption trends for Atlas, particularly in Europe and mid-market digital native customers - August consumption trends similar to Q2" Link
- Jamin Ball: "HashiCorp commentary on macro. As a reminder they beat Q2 by $12m and raised FY guidance by $18m. This implies they would have raised FY guidance $23m absent any macro impact $HCP https://t.co/3NXYZmIFnc" Link
🛠️ COSS Jobs
- 7,042 jobs and 239 companies hiring! Link
📊 $COSS - Public Markets
$COSS markets down 6.95% last week
Latest $COSS markets snapshot below as of market close last Friday courtesy of Koyfin.
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