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Funding For and With FOSS

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OSS
  • Odoo Announces $90 Million Investment Led by Summit Partners
  • Odoo grabs $90M to sell more SMEs on its business app suite

    Belgium-based all-in-one business software maker Odoo, which offers an open source version as well as subscription-based enterprise software and SaaS, has taken in $90 million led by a new investor: Global growth equity investor Summit Partners.

    The funds have been raised via a secondary share sale. Odoo’s executive management team and existing investor SRIW and its affiliate Noshaq also participated in the share sale by buying stock — with VC firms Sofinnova and XAnge selling part of their shares to Summit Partners and others.

    “Odoo is largely profitable and grows at 60% per year with an 83% gross margin product; so, we don’t need to raise money,” a spokeswoman told us. “Our bottleneck is not the cash but the recruitment of new developers, and the development of the partner network.

  • Hugging Face raises $15 million to build open source community for cutting-edge conversational AI

    Hugging Face has announced the close of a $15 million series A funding round led by Lux Capital, with participation from Salesforce chief scientist Richard Socher and OpenAI CTO Greg Brockman, as well as Betaworks and A.Capital.

    New-York based Hugging Face started as a chatbot company, but then began to use Transformers, an approach to conversational AI that’s become a foundation for state-of-the-art algorithms. The startup expands access to conversational AI by creating abstraction layers for developers and manufacturers to quickly adopt cutting-edge conversational AI, like Google’s BERT and XLNet and OpenAI’s GPT-2 or AI for edge devices. More than 1,000 companies use Hugging Face solutions today, including Microsoft’s Bing.

  • Hugging Face Raises $15M For its Open-Source Natural Language Processing Platform

    Natural language processing (NLP) is at the core of breakthrough, AI technologies and has powered apps like SignAll, which is used to translated sign language into text. Hugging Face brings NLP to the mainstream through its open-source framework Transformers that has over 1M installations. Hugging Face’s NLP platform has led to the launch of several that address =customer support, sales, content, and branding, and is being used by over a thousand companies.

  • Founders of Open Source Project Ray Launch Anyscale with $20.6M in Funding to Democratize Distributed Programming

    With the funding, Anyscale will expand its leadership team and amplify its contribution to the open source community.

  • CertiPath Successfully Completes and Publishes to Open-Source, DHS-Funded Blockchain Gateway Capability

    CertiPath announced it received final sign-off on its yearlong effort to create a blockchain gateway on behalf of the Department of Homeland Security Science and Technology Directorate (S&T).

  • Gitcoin supports $200,000 for Open Source Projects-Ethereum

    Gitcoin, the open-source bounties platform, makes an upliftment for the open-source community workers and aims to start the New Year by promoting the Open Source Community. Since its launch in 2019, it has already funded $797,000 to open source projects.

  • Getting to Know the CEO of the Next Gen Open Source Platform PlatOn

    I began my career as a developer of deep-water missile systems for submarines and did this until 2001 when Google Earth was first released. This critically impacted how the industry operated and in turn, my career. After completing my PhD in photogrammetry and remote sensing, I decided to jump into the internet industry and eventually found my way to China UnionPay. There, I served as a Senior Researcher in Strategic Development, then a Senior Executive in Market Development, and finally as a Deputy General Manager of a third-party payment and clearing subsidiary of China UnionPay for two years. In 2013, I made my way to the blockchain space and focused on the development of consortium blockchain and privacy-preserving computation, and then founded PlatON to begin the development and commercial practise of blockchain-based infrastructure.

More on Ray

  • SD Times Open-Source Project of the Week: Ray

    Ray is an open-source distributed framework that makes it easy to scale applications and to leverage machine learning libraries. The project was developed by the distributed programming platform company Anyscale.

    Ray includes three libraries for accelerating machine learning workloads: Tune, RLlib and Distributed Training. According to the company, the machine learning libraries give developers the ability to include hyperparameter search, reinforcement learning, training and serving.

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More in Tux Machines

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Dilution and Misuse of the "Linux" Brand

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today's howtos

  • How to install go1.19beta on Ubuntu 22.04 – NextGenTips

    In this tutorial, we are going to explore how to install go on Ubuntu 22.04 Golang is an open-source programming language that is easy to learn and use. It is built-in concurrency and has a robust standard library. It is reliable, builds fast, and efficient software that scales fast. Its concurrency mechanisms make it easy to write programs that get the most out of multicore and networked machines, while its novel-type systems enable flexible and modular program constructions. Go compiles quickly to machine code and has the convenience of garbage collection and the power of run-time reflection. In this guide, we are going to learn how to install golang 1.19beta on Ubuntu 22.04. Go 1.19beta1 is not yet released. There is so much work in progress with all the documentation.

  • molecule test: failed to connect to bus in systemd container - openQA bites

    Ansible Molecule is a project to help you test your ansible roles. I’m using molecule for automatically testing the ansible roles of geekoops.

  • How To Install MongoDB on AlmaLinux 9 - idroot

    In this tutorial, we will show you how to install MongoDB on AlmaLinux 9. For those of you who didn’t know, MongoDB is a high-performance, highly scalable document-oriented NoSQL database. Unlike in SQL databases where data is stored in rows and columns inside tables, in MongoDB, data is structured in JSON-like format inside records which are referred to as documents. The open-source attribute of MongoDB as a database software makes it an ideal candidate for almost any database-related project. This article assumes you have at least basic knowledge of Linux, know how to use the shell, and most importantly, you host your site on your own VPS. The installation is quite simple and assumes you are running in the root account, if not you may need to add ‘sudo‘ to the commands to get root privileges. I will show you the step-by-step installation of the MongoDB NoSQL database on AlmaLinux 9. You can follow the same instructions for CentOS and Rocky Linux.

  • An introduction (and how-to) to Plugin Loader for the Steam Deck. - Invidious
  • Self-host a Ghost Blog With Traefik

    Ghost is a very popular open-source content management system. Started as an alternative to WordPress and it went on to become an alternative to Substack by focusing on membership and newsletter. The creators of Ghost offer managed Pro hosting but it may not fit everyone's budget. Alternatively, you can self-host it on your own cloud servers. On Linux handbook, we already have a guide on deploying Ghost with Docker in a reverse proxy setup. Instead of Ngnix reverse proxy, you can also use another software called Traefik with Docker. It is a popular open-source cloud-native application proxy, API Gateway, Edge-router, and more. I use Traefik to secure my websites using an SSL certificate obtained from Let's Encrypt. Once deployed, Traefik can automatically manage your certificates and their renewals. In this tutorial, I'll share the necessary steps for deploying a Ghost blog with Docker and Traefik.