This week in COSS: Unleash raised a $35 million Series B to expand its enterprise feature-flag platform, while Mistral AI closed a €3 billion Series D to scale compute and commercial growth. Moonshot AI is considering a Hong Kong IPO of up to $5 billion, Thinking Machines Lab is reportedly in talks for a $5 billion–$6 billion round, and ClickHouse acquired RunReveal to bring security-data expertise in-house.
Elsewhere, ClickHouse’s annual recurring revenue passed $350 million amid demand for AI workloads; OpenBB announced it is winding down and open-sourcing its product suite; and IBM committed $240 million to a Together AI inference cluster on IBM Cloud. OpenAI released its long-awaited report on its rogue model's breach of Hugging Face's infrastructure, while Automattic’s board placed founder and CEO Matt Mullenweg on leave and named CFO Mark Davies interim CEO.
We also feature the following companies in Cossmology: Astro, Automatisch, Folo, InteraApps, LiveKit, NextUI Inc., Ockam, OpenEBS, TensorZero, and Timefold.
COSS Headlines
Oslo’s Unleash raises $35M to govern AI-generated code as European enterprise bets grow bolder
Companies mentioned: Unleash
Funding · The Next Web
Thinking Machines is in talks to raise $6bn, The Information reports
Companies mentioned: Thinking Machines Lab
Funding · The Next Web
OpenAI releases sweeping report on Hugging Face AI agent hack
Companies mentioned: Hugging Face
Media Mention · CNBC
ClickHouse's Recurring Revenue Passes $350 Million as OpenAI, Agent Use Jumps
Companies mentioned: ClickHouse
Media Mention · The Information
ClickHouse welcomes RunReveal
Companies mentioned: ClickHouse
Announcement · ClickHouse Blog
China’s Moonshot Said to Seek Up to $5 Billion in Hong Kong IPO This Year - Bloomberg
Companies mentioned: Moonshot AI
Funding · Bloomberg
OpenBB winding down and open-sourced - Hacker News
Companies mentioned: OpenBB
Media Mention · Hacker News
Mistral raises €3B as sovereign AI becomes big business
Companies mentioned: Mistral AI
Funding · TechCrunch
Automattic's board forces CEO Matt Mullenweg into leave of absence
Companies mentioned: Automattic
Announcement · TechCrunch
IBM bets $240m on cheap, open-source inference to take on the hyperscalers
Companies mentioned: Together AI
Announcement · The Next Web
Featured COSS Companies
InteraApps
Self-hosted pastebin and developer tools
Folo
AI-powered information browser and RSS reader
OpenEBS
Kubernetes Storage Simplified
Automatisch
Open-source business process automation platform.
LiveKit
OSS platform for building audio and video apps
Astro
Web framework for fast, content-driven websites.
NextUI Inc.
AI-powered code generation for web components.
Ockam
Complete PaaS for distributed agentic AI systems
TensorZero
Open-source stack for industrial LLM apps.
Timefold
Optimizes scheduling, routing, and planning.
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