COSS Weekly, Issue #2: 💥October 25th, 2020
Welcome to the second 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.
(This issue includes all activity since the first issue. Rest assured, Issue #3 will resume a weekly cadence and only include events from the prior week.)
💰 COSS Funding
Eclypsium, an enterprise device security company, raises $13M from AV8, TransLink Capital, Mindset Ventures, Alumni Ventures Group, Ridgeline Partners, Intel Capital, Madrona Venture Group, Andreessen Horowitz, and Ubiquity Ventures. Link
Top developer entrepreneurs join forces to invest $2M in Earthly, a company reinventing software build tooling for the post-container era. Link
Grid AI announces $18.6M Series A with Index Ventures, Bain Capital Ventures, and firstminute. Link
Armory, built on open-source Spinnaker, announces $40M Series C with B Capital, Lead Edge Capital, and Marc Benioff, and previous investors. Link
FingerprintJS raises $4M to offer browser footprinting-as-a-service for any kind of application. Link
Sanity, tool for managing content flows on sites, raises $9.3M Series A with Threshold Ventures, Ev Williams, Adam Gross, Guillermo Rauch, Stephanie Friedman, and Monochrome Capital. Link
Temporal, building open-source microservices orchestration platform, announces $18.75M Series A with Sequoia Capital, Addition Ventures, Amplify Partners, and Madrona Venture Group. Link
Anyscale, creators of the Ray open-source Python framework for distributed computing projects, has raised $40M from NEA and Andreessen Horowitz. Link
Altinity, the largest enterprise ClickHouse services provider, launched its first cloud service and will fund further development with a $4M investment from Accel.Link
Solo.io, delivering API infrastructure to help enterprises manage modern application networks, announced a $23 million Series B co-led by Redpoint Ventures and True Ventures. Link
Pixie launches public beta and announces $9.15M Series A from Benchmark and GV. Link
Cube Dev, open-source company behind Cube.js, has raised a $6.2 million seed round to help developers write analytics applications for both internal and external users. Link
📚 COSS Content
Announcement of Keynote Speakers for Open Core Summit. Link
Glenn Solomon: How Open Source Companies Can Win In a World Dominated by Amazon, Microsoft, and Google. Link
Atomico: 5 Reasons to Build an OS company in Europe now. Link
In one year, Open Core Summit has grown by over 1,200%. Link
Odoo shares copy of 2020 strategy document, originally written in 2014. Link
Nick Schrock shares thoughts on AWS forking open-source project Checkly without attribution. Link
Ethan Batraski series on building COSS — Part 1: Community and Market Fit. Link
FreedomFi opens public beta of FreedomFi Gateway for those building LTE or 5G networks. Link
Runa announces Runa Open Source Startup (ROSS) index, highlighting top-20 fastest-growing startups by the metric of GitHub stars. Link
Scott McCarty (RedHat) post on product management for open-core companies. Link
Kevin Xu of COSS Media: 2 Things to Measure and Improve Open Source Community Sustainability. Link
Introduction to the Open Source Business Forum community and the future of open source in Europe. Link
How open-source software transformed the business world, and became vital for vertical markets and companies. Link
Completely community-driven, with no centralized ownership, Postgres has been the elephant in the room for more than 30 years. Link
Ockam details company roadmap from Zero-to-IPO. Link
What software companies can borrow from the open-source cloud playbook: Simplifying monetization with resource-based pricing, delivering immediate value and reducing complexity, and perfecting the free trial experience. Link
Camus Energy focused on industry collaboration through open-source software, announces grid orchestration project with VMware at VMware HQ in Palo Alto. Link
Building product offerings from open-source projects. Watch replay of discussion featuring Adam Jacob (CTO/founder of Chef) and Scott McCarty (product manager for OpenShift at RedHat). Link
With NVIDIA purchasing Arm, will the open RISC-V processor architecture gain momentum? Link
HashiCorp announces two new open-source projects: Waypoint for consistent developer workflows across any platform, and Boundary for simple and secure remote access to any system based on trusted identity.
Thoughts and questions from Andy Randall (VP Business Development at Kinvolk) on the business of open source. Link
Ross Mason, founder of MuleSoft, announces resignation from company and recounts the company's journey. Link
COSS companies on track to raise more than $3B in 2020, with more announcements and data to come. Link
💸 COSS Liquidity
Well north of $3 Billion exchanged hands in liquidity land over the last year across 2 COSS IPOs and 10+ COSS M&A transactions.
Twilio acquires Segment for $3.2B. Link
Kasten, a market leader for Kubernetes backup and disaster recovery, acquired by Veeaam. Link
Element, the company behind Matrix, has acquired developer-focused chat platform Gitter from GitLab. Link
VMware announces intent to acquire SaltStack — a pioneer in building intelligent, event-driven automation software. Link
Cisco enters agreement to acquire Portshift, focusing on cloud native application security capabilities and expertise for containers and services meshes for Kubernetes environments. Link
Following Chef's acquisition by Progress, Miah Johnson (former Senior Infrastructure Engineer) shares news of upcoming layoffs to former Chef staff. Link
📈 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 Funding 2020: This dataset tracks the latest funding events for all stages of COSS companies, mostly in private markets. For 2020+.
- 📊 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.
- 🤑 COSS VC: Eary-Stage VCs with > 5 COSS investements as a filter to identify and highlight the "most experienced" COSS investors. Fast growing list.
As usual, we end with this graphic depicting what we think the next Multi-Trillion-Dollar category in business will be:
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.