Funding for Firms That Leverage FOSS
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Netdata, a monitoring startup with 50-year-old founder, announces $17M Series A
Nearly everything about Netdata, makers of an open-source monitoring tool, defies standard thinking about startups. Consider that the founder is a polished, experienced 50-year-old executive who started his company several years ago when he became frustrated by what he was seeing in the monitoring tools space. Like any good founder, he decided to build his own, and today the company announced a $17 million Series A led by Bain Capital.
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Sentry, a startup co-founded by a former Dropbox engineer that helps developers run more reliable code, just raised $40 million
Cramer tells Business Insider that in Sentry's earliest days, not all investors understood why open source software was important.
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P’unk Ave is spinning out open-source product Apostrophe into its own company
After about a decade of work on an open-source project Apostrophe, South Philly web developer firm P’unk Avenue is spinning the product out as its own company.
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Gatsby raises $15 million for website and web app development tools
Gatsby builds upon two open source JavaScript projects for website and web app development. One is React, a library for designing UIs that’s maintained by Facebook and a community of developers, and the other is Webpack, a module bundler that transforms assets like HTML, CSS, and images. Gatsby generates sites as static files that prefetch resources to cut down on page load times, and it integrates with more than 120 backends and over 1,200 plugins across 15 of the top content management systems (CMSs).
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Gatsby raises $15M Series A for its modern web development platform
Gatsby also does away with a monolithic CMS system and instead brings together a variety of tools that still allow content creators to use platforms like WordPress or Drupal to create what’s essentially a headless CMS system. In that case, Gatsby simply becomes the presentation layer for the CMS.
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Like similar open-source projects, Gatsby monetizes its tools by offering a hosted service that helps teams of developers stand up a new site quickly, with prices starting at $50/month for one site.
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Docker, once worth over $1 billion, tells employees it's trying to raise cash amid 'significant challenges'
Docker, a one-time highflier in business software that reached a $1 billion valuation in 2015, is struggling mightily these days as it tries to raise some much-needed capital.
Rob Bearden, who was named CEO in May, wrote an email to employees this week thanking them for "persevering in spite of the lack of clarity we've had these past few weeks." In the note, which was viewed by CNBC, he told his staff that more cash is hopefully on the way.
"As shared at the last All Hands, we have been engaging with investors to secure more financing to continue to execute on our strategy," wrote Bearden, who was previously CEO of Hortonworks before the company merged with rival Cloudera last year. "I wanted to share a quick update on where we stand. We are currently in active negotiations with two investors and are working through final terms. We should be able to provide you a more complete update within the next couple of weeks."
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FOSSA: Open Source Management Company Raises $8.5 Million In Funding
FOSSA — an open-source management company — announced it closed $8.5 million in Series A funding led by Bain Capital Ventures and Costanoa Ventures with participation from Norwest Venture Partners. Including this funding round, FOSSA has raised a total of $11 million. And the investment will be used to accelerate product development, expand enterprise features, and drive overall corporate growth.
FOSSA focuses on automating the workflow of open source management both within and outside of the software development lifecycle (SDLC). And this enables enterprises to quickly identify and mitigate risks, improve engineering efficiency, and accelerate time to market.
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Elastic’s Core Search Technology Powers Multiple Growth Levers
With its roots in open source, Elastic created Elastic Stack as its monetization vehicle. Comprised of proprietary software products that address numerous use cases, Elastic Stack drove the company’s fiscal 2019 (ended April) revenue growth of 70%.
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