FOSS-Related Funding: NSF, Anyscale, Odoo
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NSF Awards Grant to Research Team to Develop Next-Generation Cloud Computing Testbed
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Anyscale, from the creators of the Ray distributed computing project, launches with $20.6M led by a16z
Open source has become a critical building block of modern software, and today a new startup is coming out of stealth to capitalise on one of the newer frontiers in open source: using it to build and manage distributed application environments, an approach being used increasingly to handle large computing projects, such as those involving artificial intelligence or scientific or other complex calculations.
Anyscale, a startup founded by the same team that built the Project Ray open-source distributed programming framework out of UC Berkeley — Robert Nishihara, Philipp Moritz and Ion Stoica, and Berkeley professor Michael I. Jordan — has raised $20.6 million in a Series A round of funding led by Andreessen Horowitz, with participation also from NEA, Intel Capital, Ant Financial, Amplify Partners, 11.2 Capital and The House Fund.
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Belgium-based Odoo raises $90 million to provide all-in-one, open source business software for small and medium sized businesses worldwide
Odoo, an open source startup and a provider of all-in-one, open source business software for small and medium sized businesses worldwide, has closed a $90 million minority investment for rapid product development pace and continued global expansion. The round was led by global growth equity investor Summit Partners, with participation from Odoo’s executive management team and existing investor SRIW and its affiliate Noshaq.
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Belgian business software giant Odoo raises $90 million to continue global expansion
Odoo, the Belgian provider of open source all-in-one business software, has raised a $90 million round, led by Summit Partners, to fund its fast-paced product development and continued global expansion. Existing investor SRIW, its affiliate Noshaq, and Odoo’s own executive management team also participated in the round.
The software is designed to help companies of all sizes run nearly any aspect of the business. In addition to the 30 applications offered in Odoo Enterprise, Odoo’s community of 20,000 active members has added over 16,000 apps that cover nearly every aspect of running a business.
“In our experience, traditional ERP is expensive and frequently fails to adapt to the unique needs of dynamic businesses. With its flexible suite of applications and a relentless focus on product, we believe Odoo is ideally positioned to capture this large and compelling market opportunity,” said Antony Clavel, a Principal with Summit Partners who has joined the Odoo board.
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Odoo Closes $90 Million Minority Investment
Odoo Closes $90 Million Minority Investment Led By Summit Partners