Open source projects draw equity-free funding from corporates, startups, and even VCs

Quick Summary:

A dearth of funding for vital open source technologies is leading to a swath of support from startups, unicorns, corporations, and even venture capital firms.

Last year, Bloomberg launched its FOSS (free and open source software) fund, committing up to $90,000 per year to various projects.

Aside from corporate members contributing cash, the Pledge has also attracted “ecosystem partners” to endorse the pledge, which includes foundations, individuals, and even storied VC firm Accel, which itself has invested in numerous open source startups through the years (including Sentry, both before and after it transitioned away from an open source license in 2019).

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Author / Journalist: Paul Sawers

Category: Technology

Markets: United StatesChadColombiaIndiaMali

Topics: Chatbot arena Vllm Fundraising Open source Sentry Sequoia Capital Enterprise

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-10 @ 13:00:00 (5 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1966 words

Reading Time: 11 minutes read

Sentences: 49 lines

Sentence Length: 41 words per sentence (average)

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Copyright Owner: © TechCrunch

News ID: 23492038

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