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A brand new report shines a lightweight on the world of economic open source software program (COSS) startups, together with which of them are rising quickest, that are elevating money and even which universities are hottest amongst COSS founders.
The report emanates from Runa Capital, a formerly Silicon Valley-based enterprise capital agency that lately moved its HQ to Luxembourg. Runa beforehand backed a lot of firms with open source foundations such as Nginx, MariaDB and N8n.
Since 2020, Runa has operated what it calls the Runa Open Source Startup (ROSS) Index, rating the highest 20 fastest-growing open source startups. While the index is targeted on quarterly progress, Runa simply printed its first annual report COSS startup traits all through the entire of 2022, in addition to some broader traits courting again to the index’s inception almost three years in the past.
Fast rising
The ROSS Index Annual Report 2022 expands its focus to the highest 50 startups slightly than the highest 20 as per Runa’s quarterly index, revealing that the highest 5 fastest-growing open source firms final yr had been Builder.io, a no-code platform for digital storefronts; Novu, which is making a notification infrastructure for builders; Refine, a framework for web app growth; Safing, which is creating knowledge privateness merchandise together with an software firewall; and Nhost, a backend-as-a-service supplier that’s setting out to rival Firebase.
The high 50 fastest-growing open source startups in 2022. Image Credits: Runa Capital
Of the 50 fastest-growing open source firms in Runa Capital’s index, 44% have raised VC funding because the starting of 2022 together with low-code internet app developer Appsmith, which landed $41 million, and one other Firebase rival referred to as Appwrite, which secured $27 million.
