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At its founding, OpenAI was initially meant to operate as a not-for-profit group with an open-source ethos. However, since ChatGPT exploded on the tech scene, Altman has sought to turn OpenAI into a for-profit company. We will make sure that happens." In a contextless post on Musk's X, Altman seems to have rejected Musk's bid.
Next year, given what is likely to be a grim funding year, nonprofit organizations are going to be hunting for ways to save money on technology. There are, of course, arguments that IT budgets should be, at least, level funded during slim times, but the reality is that organizations are going to reduce budgets across the board.
Home About Me Subscribe Zen and the Art of Nonprofit Technology Thoughtful and sometimes snarky perspectives on nonprofit technology Free and opensource tool #5: WordPress January 24, 2008 It seems like a good day to talk about WordPress. Here is yet another amazing free and opensource tool getting a lot of good attention.
Opensource code is integral to tech stacks at many large companies, but its authors rarely get recognized — let alone compensated — for their work. . Max Howell claims the package manager software he created, Homebrew, is the most contributed-to opensource software program in the world.
Chicago-based serial entrepreneur Dan Pinto has raised new cash and launched a new company looking to commercialize a years-old open-source project that purports to solve one of the web’s hardest problems — fraud prevention. The opensource community was pivotal to our success thus far,” said Vasilyev, in a statement.
The HashiCorp IPO intends to shoot the narrows between Thanksgiving and Christmas, with its first IPO pricing interval set to give it among the richest valuations of any technology company with a strong opensource component to its core business. The Exchange explores startups, markets and money. What’s HashiCorp worth?
In this case, it was finding the right opensource components to build his software. million seed round led by Zeev Ventures with participation from Y Combinator and 20 individual tech industry investors. It definitely opened doors for us,” he said. Today, the company announced a $3.65 The database includes 1.5
million in funding to fuel the mission, as well as to support the continued growth of the open-source Conductor community. The rise of Orkes underscores a very common route these days for opensource tools. ” Vertex partner Sandeep Bhadra is also joining the board with this round.
A new company from the creators of the Godot game engine is setting out to grab a piece of the $200 billion global video game market — and to do so, it’s taking a cue from commercial opensource software giant Red Hat. ” The opensource factor. . ” The opensource factor.
The tech industry has made a full 180-degree turn with regard to opensource in the 16 years since Matt Mullenweg founded Automattic , a major commercial backer of opensource content management system WordPress. Even true believers can be shocked by the extent to which opensource has succeeded. “To
Today a startup called Prisma that’s built a platform — based around a server-side library — that lets users write in the languages that are most intuitive to them, but lets that work carry across their organizations’ wider ecosystem of apps, is announcing $40 million in funding to continue expanding its business.
Tea , an opensource unified package manager for software developers, today announced it has added another $8.9 million in seed funding to its coffer as it builds on recent momentum that has seen some 16,000 developers authenticate their software packages with Tea.
Opensource has become a major force in the world of IT, and today a startup that has built a profitable operation by developing business management software on the principle is announcing a sizable secondary investment on the back of that growth. He added that this investment values the startup at over €2 billion (or over $2.3
It is defined as open-source software that doesn’t require the support of a trusted intermediary and it has no governing body. It has continued to gain traction with the growth of bitcoin’s blockchain technologies, expanding NFT markets, venture capital investments, and ongoing calls to reign in the power of big tech.
Then I’ll share the latest stories on the impact of our tech volunteerism and human rights tech efforts as well our new tech leadership. We competed against other participating organizations, racing against the clock to raise funds and secure matching funding from the Skoll Foundation. billion poor and unbanked.
What opensource-based startups can learn from Confluent’s success story. “So this idea was pretty wild, in a sense that it brought a lot of a database tech structure on top of the data lakes,” he said. . But then you were limited by the size of the data.
Benetech, like many nonprofit organizations building opensource software for social good, often relies upon the contributions of experienced software developers to help its solutions grow and scale. With generous funding we recently received from the Hewlett Foundation and from Hewlett Packard Company, SocialCoding4Good is taking off!
Appsmith , which provides opensource software that helps companies quickly build internal applications, announced an $8 million Series A round of funding this morning. Unlike some upstart tech companies that we have seen in the internal application market, Appsmith doesn’t sport a no- or low-code approach.
Start Some Good, a platform for social good groups – whether nonprofit organizations or not – to raise funds and build community, highlighted eight diverse projects working for social impact at an evening event hosted by Center61 at SXSW. Tendenci Released as OpenSource by Schipul. Tech Talk at SXSW.
Now, another new company has entered the community-led growth fray with a slightly different approach to the existing players, one focused on developer communities and with opensource at its core. The opensource factor. Transitioning to an opensource platform may hold other benefits, too. million ($2.2
Merchants building businesses on giant marketplaces often have to think inside the marketplace’s box, but Medusa , a one-year-old e-commerce startup from Denmark, is going after e-commerce platforms, like Shopify and WooCommerce, with its opensource alternative aimed at the JavaScript developer community.
million in seed funding. The new round was led by Venrock, with GV, Uncorrelated Ventures, Data TechFund and a number of angel investors also participating. Now, with this new funding as a basis and the launch of Meltano 2.0 Still, as of now, the company is pre-revenue and remains focused on its open-source offering.
Pydantic , the popular Python library and opensource data-validation framework used by some of the world’s biggest companies, has a new commercial namesake and the backing of one of Silicon Valley’s most storied venture capital (VC) firms. Pydantic Services Inc. emerges from stealth today with $4.7 and Europe.
Enter Airbyte , an early stage startup that is building an opensource data integration platform to help solve that problem. Benchmark led the investment with help from 8VC, Accel, SV Angel, Y Combinator and multiple tech industry luminaries. million seed round. This involves building connectors to various data types.
“I’d wager that the tech is the least of their problems.” The Team Slide is the most important slide in a startup pitch deck Which opensource startups rocketed in 2022? ” Which opensource startups rocketed in 2022? . ” Which opensource startups rocketed in 2022?
Since then, the platform (which is opensource ) has been modified for use in South Africa (mapping xenophobic violence), DR Congo , Vote Report India (to monitor the recent local elections) and more. It eventually garnered 45,000 users who took advantage of the easy-to-access tool to place reports.
Please sign up for Nonprofit Tech for Good’s email newsletter to be alerted of new posts. Released in 2003, WordPress is open-source software and free to use and fully-customizable using WordPress themes and plug-ins. Sign up for Nonprofit Tech for Good’s email newsletter to be alerted of new posts.
The platform has already secured an undisclosed amount of funding from Andreessen Horowitz (a16z), as well as Scott Galloway, an NYU professor and tech commentator. ” A beginner’s guide to Mastodon, the opensource Twitter alternative. ” TechCrunch reached out to Bardin and a16z for comment.
million) in seed funding to double-down on recent growth that has seen it adopted by commercial clients including insurance companies Barmenia and VHV Versicherungen , logistics firms such as Metro Supply Chain Group subsidiary Evolution Time Critical , and venture-backed startups such as Crowd.dev. million ($2.9
Look to fund projects, not products. Funding projects instead of just a specific product ensures that organizations or teams can fail quickly and softly while working towards something better, can invest in research and evaluation, and engage the community not just market to them. Debunking Myths About FundingTech Innovation.
Stopping fund raising and subscription revenue for Bookshare, the largest online library for people who have print disabilities. We serve over 150,000 students with disabilities alone with free online services funded by the Department of Education (however, nothing contained in this post has anything to do with our funders).
We are a high tech organization that is not organized as a for-profit company, but instead as a nonprofit charitable corporation working to ensure technology serves all of humanity. At Benetech , we like to think of ourselves as part of Silicon Valley’s heart.
Kafka has existed as an opensource tool for a decade. Today the company released its first product, Redpanda , an opensource tool designed to make it easier for developers to build streaming data applications. “This funding round in particular is to power our cloud,” he said. .
From my college dorm room, where I thought that pattern recognition could do more than target missiles, to my first successful high tech company where we built technology that could read just about any font without training, to Benetech’s founding with the Arkenstone reading machine for the blind. That was over 24 years ago!
Highlights of this Letter: SocialCoding4Good CityOptions Read2Go and Route 66 Literacy Selected Program Updates Human rights: Legal victory in Guatemala, PBS NewsHour stories Literacy: Major milestones for Bookshare at home and abroad SocialCoding4Good Just funded by the John S. and James L.
Venture capital (VC) firm Lifeline Ventures today announced a fresh €150 million ($163 million) fund aimed at early-stage startups across Finland. Lifeline Ventures has also backed unicorns such as opensource enterprise infrastructure company Aiven , which hit a valuation of $3 billion last year. when invited to do so.
The e-commerce boom that started with the Covid-19 pandemic shows little sign of slowing down, and today a company called Shopware , which provides a set of opensource tools to power online shopping experiences for some 100,000 mid-sized and larger brands, is announcing $100 million in funding to capture the opportunity.
OpenAds , an opensource ad server (very cool) just got tons of $ in financing. A company that provides services for Ruby on Rails got a bunch of funding. So what does this mean for you, o struggling nonprofit organization? This is going to make these projects better, and make support for them more available.
It even showed its work through research papers and by open-sourcing its models. DeepSeeks breakthroughs caused some angst, but its fresh thinking and openness will likely spur bigger and faster innovations from the worlds top AI companies by this time next year. People downloaded variants of the open-source Phi-3 more than 4.5
Startups prioritize short-term plans and focus more on adding functionalities to achieve milestones, sign up marquee customers or raise funding. This roadmap shuffling and disregard for the long-term view trigger tech debt. I have realized that avoiding tech debts becomes easier with some ground rules.
The nonprofit landscape is littered with abandoned grant-funded and poorly maintained tech projects. Nonprofit tech projects have trouble getting off the ground because they rarely have the consistent funding needed to make the project the full time focus of an experienced developer team. A tech start-up.
15 steps to fundraising a new VC or private equity fund. Stéphane Nasser is co-founder of OpenVC , an open-source initiative to collect and analyze all VC theses. A typical VC thesis: “We invest in tech startups in Europe at an early stage.” and Germany; and “tech” means B2B SaaS/fintech or consumer apps.
million funding will be used to accelerate R&D and drive commercial expansion, take Seldon Deploy — a new enterprise solution — to market and double the size of the team over the next 18 months. ”
In general, it seems like most models depend on some sort of up-front funding, whether it be an investment or a grant, to fund the initial writing of a large amount of content. The problem of how do you fund the actual writing of content was not really addressed, and I think that is one of the harder nuts to crack.
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