![]() The funding information is according to official announcements, as well as Crunchbase and Pitchbook, keepers of such records.įounders Donald Fischer, Luis Villa, Jeremy Katz, and Havoc Pennington. They range from fledgling companies with hardly any funding to well-established ones that could very well be heading for a huge exit. What follows is a compelling list of commercial open-source software startups set for success in 2019. Read more: Here's why investors are throwing money at startups that give away their software for free Those investors identified startups both within and outside their portfolios that they are particularly excited about for the rest of 2019. Last year's megadeals have shone a light on just how pervasive it can be in the business.Īs we wait for the $34 billion Red Hat-IBM deal to close, we asked venture-capital investors to name the open-source software startups they think will boom in 2019. While many in Silicon Valley were skeptical of the open-source business model for a long time, investors are now betting that it will help these kinds of companies spread like wildfire and find an audience. The companies make money by offering additional features or better technical support to business users. These companies often make the core of their software available as open source, meaning people can download and use the code however they want. ![]() Last year, open-source-centric software companies were at the center of some major deals: Salesforce acquired Mulesoft, Microsoft acquired GitHub, VMware acquired Heptio, IBM announced it would acquire Red Hat, Cloudera and Hortonworks merged, and Elastic went public. ![]() Open-source software is quickly becoming popular among developers and companies, so we asked the investors to name the startups they're excited about, from seed startups to ones that may make an exit soon. ![]()
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