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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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Oracle and Google’s Supreme Court showdown was a battle of metaphors

The Verge

Oracle , a decade-long war over the future of software, neared its end in the Supreme Court this week as a battle of metaphors. Oracle covers a complex question : what elements of computer code can be copyrighted, and if that code is covered by copyright, when it’s still legal to use pieces of it under fair use. Alex Castro.

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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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This is the beginning of the unbundled database era

TechCrunch

Ethan Batraski is a partner at Venrock and focuses on data infrastructure, open source and developer tools. It may come as a surprise, but there are still billions of dollars in Oracle instances still powering critical apps today, and they likely aren’t going anywhere. Ethan Batraski. Contributor. Share on Twitter.

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Union.ai raises $10M to simplify AI and ML workflow orchestration

TechCrunch

Union.ai , a startup emerging from stealth with a commercial version of the open source AI orchestration platform Flyte, today announced that it raised $10 million in a round contributed by NEA and “select” angel investors. We need to bridge both these worlds in a structured and repeatable way.”

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Accounting automation startup Trullion lands $15M investment

TechCrunch

It’s their experiences with CFOs that led Heller and Boldo to co-found Trullion , an accounting software platform that connects corporate controllers, CFOs and external auditors on a single platform, offering a unified source of truth for financial leaders — if the sales pitch is to be believed, at least.

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TechCrunch+ roundup: Why your title matters, part-time CFOs, Sequoia’s new model

TechCrunch

Hiring a part-time CFO may be a better option, particularly for companies that are shaping up their finances before seeking new funding, advises Ranga Bodla, head of industry marketing for Oracle NetSuite. What open source-based startups can learn from Confluent’s success story. Image Credits: Olivier Le Moal / Getty Images.

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