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Together raises $20M to build open source generative AI models

TechCrunch

Prakash previously founded social media search platform Topsy, which was acquired in 2013 by Apple, where he later became a senior director. An internal Google memo leaked earlier in the month implies that the search giant — and its rivals, for that matter — can’t compete against open source AI initiatives over the long run.

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NetApp acquires Instaclustr to deliver open source databases as a service

TechCrunch

Companies producing software are becoming ever more reliant on open source databases to build their programs, but it’s complex working with all these different products. Instaclustr , a California startup, wanted to change that by offering popular open source databases delivered as a service.

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DBeaver takes $6M seed investment to build on growing popularity

TechCrunch

When DBeaver creator Serge Rider began building an open source database admin tool in 2013, he probably had no idea that 10 years later, it would boast more than 8 million users. The main difference between the commercial and open source is how the product tends to get used.

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Another Open-Source IPO Shows the Market Power of “Free” Software

Battery Ventures

Last week brought more evidence that open-source software has gone mainstream—and that the IPO market for business-focused tech companies is back. The company’s technology has been downloaded over 350 million times since 2013, according to the company’s S-1 filing. million in revenue in the 12 months ended July 30.

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Open-sourced Technology Levels the Playing Field Between Tech Giants and Startups

CTOvision

The contest between proprietary technology and open source has been ongoing for a decade.Today, some of the most premium technology is open-sourced and free. Even Google's highly prized Borg software is becoming open-sourced. Government push for open source software.

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Iterative raises $20M for its MLOps platform

TechCrunch

Iterative , an open-source startup that is building an enterprise AI platform to help companies operationalize their models, today announced that it has raised a $20 million Series A round led by 468 Capital and Mesosphere co-founder Florian Leibert. He noted that the industry has changed quite a bit since then. ”

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Camunda snares $98M Series B as process automation continues to flourish

TechCrunch

Perhaps that explains why Camunda , a Berlin startup that makes open source process automation software, announced an €82 million Series B today. It began the Camunda open source project in 2013, and that was the start of pivoting to become an open source software company with a commercial component built on top of that.