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HashiCorp’s IPO will place it among the most richly valued open source tech companies

TechCrunch

The HashiCorp IPO intends to shoot the narrows between Thanksgiving and Christmas, with its first IPO pricing interval set to give it among the richest valuations of any technology company with a strong open source component to its core business. The Exchange explores startups, markets and money.

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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. Unlike some upstart tech companies that we have seen in the internal application market, Appsmith doesn’t sport a no- or low-code approach.

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Open source the secret sauce in secure, affordable voting tech

The Parallax

The company, which currently is hosted by another nonprofit Adida declined to name in a conversation after the event that eventually will become its own 501(c)3 , has one goal: to build a secure, affordable, open-source voting machine for use in general, public elections. The market would actually like to solve this, right?”

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VCs continue to pour dollars into generative AI

TechCrunch

In the video category, WSC Sports, which uses AI to generate personally tailored video clips for sports fans, landed $100 million in Series D funding nearly a year ago. Angel and seed deals have grown, as well, with 107 deals and $358.3 million invested in 2022 compared with just 41 and $102.8 million in 2018. DeepMind ).

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Can’t We All Just Get Along? Enter OpenCloud, Where Modern IT Embraces Open Source and the Cloud

Battery Ventures

In the last two years, well over $50 billion in equity value has been generated by a handful of companies selling “open-source” software. Yet hanging over the future of open source is the larger mega-trend—and, some say, threat—of cloud computing. And this could hurt many now-popular, open-source vendors.

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Chronosphere raises $200M at a $1B+ valuation for cloud-native monitoring, adds granular, distributed tracing to its dashboard

TechCrunch

The underlying large-scale metrics storage technology they built was eventually open sourced as M3. “Sitting at the intersection of the major trends transforming infrastructure software – the rise of open-source and the shift to containers – Chronosphere has quickly become a transformative player in observability.

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Apple is in its Ballmer era

David Heinemeier Hansson

Windows is increasingly attractive to developers like me, because Nadella not just buried Microsoft's hatchet with open source, but outright embraced it. And open source runs the world for the majority of developers working with the web. Thus it's a strange but wonderful feeling to be running Ubuntu 22.04