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COSS Weekly: Databricks acquires Electric, Stripe reportedly acquires OpenRouter, Temporal in talks for $500M, and more

This week's COSS newsletter reports that Stripe is in talks to acquire OpenRouter for over $7 billion, Databricks acquired Electric, and Dynatrace acquired Arize. Temporal is reportedly raising $500 million at a $12 billion valuation, and Synthefy announced a $6.5 million seed round. Modular open-sourced the Mojo programming language under Apache 2.0, and DeepSeek launched an MIT-licensed agent harness.

read1 min views3 publishedAug 20, 2026

This week in COSS: Dash0 acquired Polar Signals, while Stripe reportedly reached a deal to acquire OpenRouter for more than $7 billion; Dynatrace acquired Arize, and Databricks acquired Electric. Temporal is reported to be in talks to raise about $500 million at a $12 billion pre-money valuation, and Synthefy announced a $6.5 million seed round led by Wing Venture Capital.

In other news, Modular made the Mojo programming language fully open source under Apache 2.0 with LLVM exceptions; TrueFoundry launched TrueForge, an open-source, vendor-neutral alternative to Claude Managed Agents; and DeepSeek launched its MIT-licensed, plugin-based agent harness alongside DeepSeek-V4-Pro.

We also feature the following companies in Cossmology: Akon Labs, CrewAI, Predibase, Resemble AI, Sourcegraph, Synthefy, TrueFoundry, VeloDB, VictoriaMetrics, and ZenStack.

Companies mentioned: Databricks, ElectricSQL Announcement · Databricks Blog

Companies mentioned: DeepSeek Announcement · The New Stack

Companies mentioned: OpenRouter Announcement · TechCrunch

Companies mentioned: Modular Announcement · Modular Blog

Companies mentioned: Temporal Funding · Dealroom

Companies mentioned: Polar Signals, Dash0 Announcement · Dash0 Blog

Companies mentioned: Arize AI Announcement · Arize Blog

Companies mentioned: Synthefy Funding · Synthefy Blog

Companies mentioned: TrueFoundry Announcement · The New Stack

Companies mentioned: DeepSeek Announcement · VentureBeat

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