This week in COSS: Convex raised a $57 million Series B led by Insight Partners, with Etna Labs and existing backers a16z and Spark Capital also participating. In M&A, Elastic agreed to acquire Deductive AI, an AI-powered investigation platform for resolving production issues, while Keyfactor entered a definitive agreement to acquire Cofide.
Elsewhere, Temporal described the impact of a fivefold increase in AI spending alongside doubled revenue; YugabyteDB introduced AMP, a serverless PostgreSQL offering with AI agents for database fleet management; and OpenAI, AWS, Cursor, GitHub, and Microsoft backed Vercel’s Agent Plugins standard. Supabase became a launch partner for OpenAI’s Sign in with ChatGPT beta, Red Hat launched the asago community for AI safety and governance automation, Elastic expanded its OpenAI collaboration for enterprise AI applications, and HashiCorp co-founder Mitchell Hashimoto launched Multiplexer, a server-side terminal multiplexer startup.
We also feature the following companies in Cossmology: Cofide, TidesDB, LangWatch, Fleet Device Management, Quandela, Upsonic, OllyGarden, Expected Parrot, Dagger, and Soda.
Companies mentioned: Temporal OSS News & Views · The New Stack
Companies mentioned: YugabyteDB OSS News & Views · The New Stack
Companies mentioned: Elastic Announcement · Elastic Blog
Companies mentioned: Convex Funding · Convex Blog
Companies mentioned: Vercel Announcement · The New Stack
Companies mentioned: Cofide Announcement · Cofide Blog
Companies mentioned: Supabase Announcement · Supabase Blog
Companies mentioned: Red Hat Announcement · Red Hat Newsroom
Companies mentioned: Elastic Announcement · Elastic Blog
Companies mentioned: HashiCorp Announcement · The Register
Open-standards workload identity platform
Embeddable key-value storage engine
AI agent testing and evaluation platform
Open-source device management for multiple OS.
Develops photonic quantum computers & software.
Open-source AI agent framework for fintech
Extracting insights from OpenTelemetry data
Open-source platform for AI-powered surveys
Software for building and running CI/CD pipelines.
Data quality platform for modern data stack