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.
COSS Headlines
Temporal 5x’d AI spend and doubled revenue. CEO Samar Abbas says he can’t prove they’re connected.
Companies mentioned: Temporal
OSS News & Views · The New Stack
AI agents can create database sprawl issues. YugabyteDB’s solution is more agents!
Companies mentioned: YugabyteDB
OSS News & Views · The New Stack
Elastic Acquires Deductive AI
Companies mentioned: Elastic
Announcement · Elastic Blog
Convex raises a $57M Series B
Companies mentioned: Convex
Funding · Convex Blog
Five AI rivals just backed a shared plugin standard. Here’s why it matters for developers.
Companies mentioned: Vercel
Announcement · The New Stack
Cofide Acquired By Keyfactor
Companies mentioned: Cofide
Announcement · Cofide Blog
Supabase Becomes a Launch Partner for OpenAI's "Sign in with ChatGPT" Beta
Companies mentioned: Supabase
Announcement · Supabase Blog
Red Hat Launches asago Community to Automate AI Safety and Governance
Companies mentioned: Red Hat
Announcement · Red Hat Newsroom
Elastic expands its collaboration with OpenAI
Companies mentioned: Elastic
Announcement · Elastic Blog
HashiCorp Founder Mitchell Hashimoto Launches New Multiplexer Startup
Companies mentioned: HashiCorp
Announcement · The Register
Featured COSS Companies
Cofide
Open-standards workload identity platform
TidesDB
Embeddable key-value storage engine
LangWatch
AI agent testing and evaluation platform
Fleet Device Management
Open-source device management for multiple OS.
Quandela
Develops photonic quantum computers & software.
Upsonic
Open-source AI agent framework for fintech
OllyGarden
Extracting insights from OpenTelemetry data
Expected Parrot
Open-source platform for AI-powered surveys
Dagger
Software for building and running CI/CD pipelines.
Soda
Data quality platform for modern data stack
Top comments (0)