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Zilliz raises $43 million as investors rush to China’s open source software

TechCrunch

For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. The three-year-old Chinese startup, which builds open source software for processing unstructured data, recently closed a Series B round of $43 million.

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Meet Budibase, a low-code open-source web app builder with automations

TechCrunch

million Series A to help companies build apps on top of Airtable databases; Appsmith secure a $41 million Series B to power customized internal business apps; Retool attract a $45 million cash injection for a similar proposition; and Thunkable lock down a $30 million investment for a no-code mobile app development platform.

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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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Five big open source gifts from us

David Heinemeier Hansson

Perhaps our most productive one yet, in terms of total number of product improvements, new product developments, and open source extractions. Before I get into the actual open source gifts we were able to share this year, though, I think it’s important to remark on the fact that 37signals is not an open-source software company.

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Appsmith raises $8M to take on the internal corporate app market with open source code

TechCrunch

Appsmith , which provides open source software that helps companies quickly build internal applications, announced an $8 million Series A round of funding this morning. Instead, Appsmith targets traditional developers with its service, which provides user-interface components that can be connected to business data sources.

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Salesforce previews EinsteinGPT-powered Field Service Mobile app

CIO

Salesforce previewed new capabilities for its Field Service application suite on Tuesday, giving an early look at a new mobile application powered by the company’s EinsteinGPT generative AI engine. The generative AI-powered Field Service Mobile application is expected to be available in beta by December.

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PingCAP, the open-source developer behind TiDB, closes $270 million Series D

TechCrunch

PingCAP , the open-source software developer best known for NewSQL database TiDB, has raised a $270 million Series D. Some examples include Square; Japanese mobile payments company PayPay; e-commerce app Shopee; video-sharing platform Dailymotion; and ticketing platfrom BookMyShow.