INSUBCONTINENT EXCLUSIVE:
The curse of open source software is that it is used in pretty much every application and device on the planet, and yet, has pretty much no
Sustaining open source is a critical problem for the future of software, because without a durable source of income, the developers behind
these critical projects cannot invest their full energies to improve, maintain, and secure them.Tidelift, a startup founded by a group of
long-time open source engineers and executives, has taken on the problem in a compelling way
The idea has its genesis in Red Hat, which commercialized Linux
The idea is that companies are willing to pay for open source when they can receive guarantees around issues like critical vulnerabilities
pretty much still the mission of the company, and now it has even more resources to grow
The company announced today that it has raised $25 million in Series B financing led by return backers General Catalyst, Foundry Group, and
Matthew Szulik, the former chairman and CEO of open source leader Red Hat, which was acquired by IBM last year in a blockbuster $34 billion
launch in the Javascript ecosystem to also offer assurances to packages within the Java, Python, PHP, .NET, and Ruby ecosystems
Among the well-known open-source projects covered under the Tidelift Subscription today are Apache Struts, Vue.js, Gulp, Carbon, Jekyll,
Beautiful Soup, and Mongoose
Tidelift says that its subscription now cover hundreds of open source packages.In addition to covering more packages, Tidelift announced
last September that they had reached $1 million in open source maintainer commitments
The company intends to use the new funding to further expand its coverage of popular open source packages and partner with more open source
