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The Significance of Open Source Software in the Digital-First Future Enterprise

CIO

As companies shift their focus from the digital transformation of individual processes to the business outcomes enabled by a digitally transformed organisation, software engineering will become a core enterprise capability. 61% of respondents rated the performance of OSS as being superior compared to proprietary software.

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Microservices orchestration platform Temporal raises $75M and remains a unicorn

TechCrunch

Temporal , an open source microservices orchestration platform used by companies, including Netflix, Snap and Comcast, has raised $75 million from a slew of high-profile investors including Sequoia Capital and Greenoaks. The duo left Uber four years ago to launch Temporal, an open source project based on a fork of Cadence.

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How W4 plans to monetize the Godot game engine using Red Hat’s open-source playbook

TechCrunch

A new company from the creators of the Godot game engine is setting out to grab a piece of the $200 billion global video game market — and to do so, it’s taking a cue from commercial open source software giant Red Hat. ” The open source factor. . ” The open source factor.

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Orkes, founded by the creators of Netflix’s open source Conductor workflow orchestration tool, comes out of stealth with $9.3M

TechCrunch

million in funding to fuel the mission, as well as to support the continued growth of the open-source Conductor community. The space is now at an inflection point and organizations are moving to a microservices architecture,” George said in an interview.

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ARMO raises $30M to build an end-to-end open source Kubernetes security platform

TechCrunch

ARMO , the Tel Aviv-based company behind Kubescape , the popular open source Kubernetes security platform, today announced that it has raised a $30 million Series A funding round led by Tiger Global. New investor Hyperwise Ventures as well as existing investors Pitango First and Peled Ventures also participated in this round.

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Technology, Processes, and Culture: Red Hat’s Open-source Pathway to Successful Digital Transformation

CIO

To help such organisations navigate these waters, Red Hat Open Innovation Labs is designed to co-create with them. Labs provides a platform to experiment, iterate, and accelerate transformational initiatives by leveraging open-source technologies, fostering open leadership, and embracing a culture of innovation.

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Tetrate, the company born out of Istio’s open-source app networking project, raises $40 million

TechCrunch

Tetrate , the company commercializing an open-source networking project that allows for easier data sharing across different applications, has raised $40 million. As the microservices revolution picks up steam, it’s indispensable to use Istio for managing applications built with microservices and deployed on containers.