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Cost, security, and flexibility: the business case for open source gen AI

CIO

It could be used to improve the experience for individual users, for example, with smarter analysis of receipts, or help corporate clients by spotting instances of fraud. Take for example the simple job of reading a receipt and accurately classifying the expenses. So we augment with open source, he says.

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Jitsu nabs $2M Seed to build open source data integration platform

TechCrunch

Jitsu , a graduate of the Y Combinator Summer 2020 cohort, is developing an open source data integration platform that helps developers send data to a data warehouse. The founders built the open source project called EventNative to help solve problems they themselves were having moving data around at their previous jobs.

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Open source project Tea is brew2 for web3

TechCrunch

Open source code is integral to tech stacks at many large companies, but its authors rarely get recognized — let alone compensated — for their work. . Max Howell claims the package manager software he created, Homebrew, is the most contributed-to open source software program in the world. Image Credits: Tea.

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Open source startups have a natural growth model: PLG

TechCrunch

Tracking the growth and frequency of open source startups has been a long-running project at TechCrunch. This column joined the fun in the last few years , noting what seemed to be a rising wave of startups building open source projects that they later monetized. The Exchange explores startups, markets and money.

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Penpot inks $8M as signups for its open source spin on Figma jump 5600% after Adobe’s $20B acquisition move

TechCrunch

Now, a Spanish startup called Penpot — which is taking a new approach to design collaboration through an open source platform that brings designers and developers into the mix simultaneously — says that it’s been seeing a huge amount of adoption since the Figma deal. “Developers care about that.”

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

TechCrunch

So despite the broader downturn , it seems that 2022 may have been relatively kind to startups operating in the no- and low-code sphere, something that fledgling Northern Irish startup Budibase is capitalizing on with the announcement of a fresh $7 million tranche of funding to further develop an open source web app builder.

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Oligo raises $28M to secure open-source libraries at runtime

TechCrunch

Oligo Security , a Tel Aviv-based startup that focuses on runtime application security and observability to detect and prevent open-source vulnerabilities, is coming out of stealth today and announcing that it has raised a total of $28 million in seed and Series A funding. This, ideally, cuts down on unnecessary alerts.