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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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SAP publishes open source manifesto

CIO

It’s an open secret that even proprietary software contains open source components these days, and major vendors are, to varying extents, supporting or participating in open source projects. SAP’s manifesto is in reaction to the fact that all is not always sunshine and roses in the open source world.

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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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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.

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There’s nothing Automattic about balancing commercial growth with an open source developer community

TechCrunch

The tech industry has made a full 180-degree turn with regard to open source in the 16 years since Matt Mullenweg founded Automattic , a major commercial backer of open source content management system WordPress. Even true believers can be shocked by the extent to which open source has succeeded. “To

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Open source software: Ways for CISOs to quell the fear

CIO

For many stakeholders, there is plenty to love about open source software. Developers tend to enjoy the ability to speed application development by borrowing open source code. CFOs like the fact that open source is often free or low in cost. The age-old question: How secure is open source software?

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

TechCrunch

“Together is spearheading AI’s ‘Linux moment’ by providing an open ecosystem across compute and best in class foundation models,” Lux Capital’s Brandon Reeves told TechCrunch via email. The number of open source models both from community groups and large labs grows by the day , practically.