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Zilliz raises $43 million as investors rush to China’s open source software

TechCrunch

For years, founders and investors in China had little interest in open source software because it did not seem like the most viable business model. The three-year-old Chinese startup, which builds open source software for processing unstructured data, recently closed a Series B round of $43 million.

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Meet Budibase, a low-code open-source web app builder with automations

TechCrunch

So despite the broader downturn , it seems that 2022 may have been relatively kind to startups operating in the no- and low-code sphere, something that fledgling Northern Irish startup Budibase is capitalizing on with the announcement of a fresh $7 million tranche of funding to further develop an open source web app builder.

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Thoughts on the Future of Open Source and Nonprofits

NTEN

Based on my informal assessment of attitudes and interest in the NTEN community about open source software, I think there's a significant and growing number of folks and organizations who are either interested in, already using, or even evangelizing open source solutions. Current Trends.

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The most innovative companies in artificial intelligence for 2025

Fast Company Tech

Previously, the stunning intelligence gains that led to chatbots such ChatGPT and Claude had come from supersizing models and the data and computing power used to train them. Nvidia unveiled the new GPUs in March 2024 and quickly sold its entire 2024 supply to the largest data center operators. Read more about Nvidia , honored as No.

Companies 110
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Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

TechCrunch

In 2020, Chinese startup Zilliz — which builds cloud-native software to process data for AI applications and unstructured data analytics, and is the creator of Milvus , the popular open source vector database for similarity searches — raised $43 million to scale its business and prep the company to make a move into the U.S.

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Data.World raises $50M to help enterprises organize and track their data

TechCrunch

For all the talk about the criticality of data for businesses, enterprise data is commonly siloed, unreconciled and spread across disparate systems, making it challenging to use and analyze. “The siloing of data has historically forced IT teams into a ‘command and control’ posture.

Data 99
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Salto raises $27M to let you configure your SaaS platforms with code

TechCrunch

Salto , a Tel Aviv-based open-source startup that allows you to configure SaaS platforms like Salesforce, NetSuite and HubSpot with code, is coming out of stealth today and announced that it has raised a $27 million Series A round. Salto makes the core of its service available as open source. ” Image Credits: Salto.

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