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COSS Weekly Issue #6 πŸ’₯

COSS Weekly, Issue #6: πŸ’₯November 22nd, 2020

Welcome to the sixth issue of the COSS Weekly, the global Commercial Open-Source ecosystem newsletter brought to you every Sunday by Joseph Jacks and team at COSS Media, OSS Capital and the organizers of Open Core Summit.

Each week, we neatly summarize the latest happenings in COSS, often including objective commentary across primarily the following four areas: Funding, Content, Liquidity, Data.

πŸ’° COSS Funding

Gretel, a startup making it easier to anonymize data, raises $12M Series A led by Greylock. Link

Zilliz, a Chinese startup building AI-powered processing unstructured data, raises $43M Series B led by Hillhouse Capital. Link

Arrikto, enabling data scientists to build and deploy models faster, more efficiently, and securely, raises $10M Series A led by Unusual Ventures. Link

Shipa, building a cloud-native applicaiton management framework for full app development lifecycles, emerges from stealth with a $3.75M seed led by Engineering Capital and Jump Capital. Link

Opentrons, maker of open-source liquid handling robots for scientists, closes $20M Series B led by SOSV. Link

PingCAP, company behind TiDB, announces $270M Series D led by GGV Capital, Access Technology Ventures, Anatole Investment, Jeneration CApital, and 5Y Capital. Link, makers of authorization policy management platform β€” resolving the complexity of building authorization into applications β€” emerges from stealth with $6M seed led by YL Ventures. Link

Seldon, providing tools to manager, serve, and optimize ML models at scale, announces Β£7.1M Series A led by AlbionVC and Cambridge Innovation Capital. Link

Grouparoo, makers of an open-source framework to keep customer data in-sync between data warehouse and 3rd party tools, raises $3M seed led by Eniac Ventures and Fuel Capital. Link

Observable, makers of a new platform for data visualization, announces $10.5M Series A led by Sequoia Capital and Acrew Capital. Link

πŸ“š COSS Content

Tom Moor: One thing I've learnt as the maintainer of a popular open-source project β€” lots of VC firms are intently tracking action on GitHub. Link

Michael Berthold, Co-Founder of KNIME: How to Build a Successful Business Model Around Open Source Software. Link

Foxconn embraces open source for EV development, launching open platform for electric vehicles and pioneering R&D programs in Taiwan. Link

Atomico's Open-Source Risk Framework β€” 8 areas open-source startups need to keep in mind. Link

Tim Berner-Lee's startup, Inrupt, will enable users to choose how and where their data is stored. Link

How a big data project at Facebook became an open-source darling, and spawned $351M startup Starburst Data. Link

AiCure launches OpenDBM, an open-source version of company's computer vision and AI-powered digital biomarker platform. Link

So you're ready to commercialize open source – who should be your first hires? Link

Jeff Morris Jr. speaks with Dustin Schau, Head of Product at GastbyJS, about open-source communities, software cults, and making the web wierd again. Link

Martin Casado: Difficult for open-source companies to transition from on premises to cloud offering. Right approach is Reed Hasting's for disruption, with 1/3rd of company dedicated to transition. Link

Capital One announces Critical Stack, an open-source container orchestration platform, and intent to build with open-source community. Link

China has an open-source problem β€” it's part of the Internet you can't "splinter." Link

Stratechery: What if Trump had won? Also, catching up with MongoDB and an interview with company's CEO. Link

"We can do better than DuckDuckGo." Ideas on making search truly open and trusted. Link

Data grid startup Hazelcast shakes up leadership team and announces a "new wave." Link

Joseph Jacks: Both Ayden and Stripe β€” worth $50B each, and powering a large chunk of global fiat digital payments β€” cite open source as critical to their businesses. Future of money is open-source, and next-gen finance companies will be powered by open-source. Link

Kong ranked #69 fastest-growing company in North America on Deloitte's 2020 Technology Fast 500. Link

DataStax launches K8ssandra, a production-ready platform for running Apache Cassandra on Kubernetes. Link

OpenStreetMap is now treated as critical infrastructure for world's largest software companies, including Facebook, Apple, Amazon, and Microsoft. Link

Open Core Summit announces 39 sponsors, from Cisco to Sanity. Link

The Few, the Tired, the Open Source Coders. The open source movement depends on not enough people doing too much work. They need help. Link

OpenSourceInitiative (OSI) is hiring an Executive Director to build a stronger future for OSI and the open-source ecosystem. Link

First-year commonality among every high-growth + ubiquitous OSS technology: Designed and optimized for fast "time to value," minimizing churn and maximizing engagement + loyalty. Link

As society becomes more aware they can control tech instead of being controlled by it, the dominant platforms that maximize user trust will trend towards open source. Link

Facebook joins the Blender Development Fund. Link

Jono Bacon speaks with Ian Tien, CEO of Mattermost, on collaboration, open source, business, and more. Link

Apple vs. The Web: Why Apple should shift to web-based software distribution, instead of the App Store. Link

As more COSS companies go public, securities law and S-1 thinking will shift from OSS as liability/risk towards OSS as an asset/differentiator. Link

GitLab's IPO, originally planned for Nov 18th, will be one of the biggest and most exciting COSS liquidity events yet. Link

Matt Asay: Wondering how to preserve freedom in the cloud? It begins and ends with open source. Link

πŸ’Έ COSS Liquidity

Cisco announces intent to acquire Banzai Cloud Zrt. Link

Ghost acquires IVEEL, one of the most popular theme + template platforms, and releases all IVEEL themes as free and open source under MIT License. Link

Swedish-based private equity firm EQT rumored to be planning $6B IPO with German Linux and enterprise software company SUSE. Link

πŸ“ˆ COSS Data

  • 🌐 YC COSS: For the first time ever in 2020, 15~ COSS startups have gone through YC in a single year representing 30%+ of the total (50~ since 2006). Our YC COSS dataset tracks and provides granular data on the growing but still small COSS YC alumni.
  • 🏦 COSS PE Funding: This dataset tracks the latest funding events for all stages of COSS companies, mostly in private markets, for 2020-2021+
  • πŸ“Š COSS Index: The well-known COSSI sheet for the exclusive $100M+ revenue club of COSS companies. New data points and growth happening weekly.
  • 🌩️ AWS COSS: List of COSS services on AWS. Continuously evolving. We plan to offer similar datasets for Azure, GCP, and other major clouds.
  • πŸ“ˆ COSS IPO: Analysis of every COSS IPO since 1999.

As usual, we end with this graphic depicting what we think the next Multi-Trillion-Dollar category in business will be:

COSS Weekly is brought to you via COSS Media, produced by OSS Capital (the first and only COSS-dedicated early-stage investor and platform for COSS founders.

Don't forget to sign-up for the second-annual FREE Open Core Summit 2020 Digital to meet with and learn from the leaders in COSS (enterprises, founders, investors, executives and more) on December 16-18th, 2020:

1 mission. 3 days. 10 tracks. 150+ speakers. 10,000+ attendees.

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