Open source monetization startup Tidelift raises $25m series B [TechCrunch Blog]
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Source: TechCrunch Blog
Open source monetization startup Tidelift raises $25m series B 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 business model. Sustaining open source is a critical problem for the future of software Tidelift As I wrote about them last year as part of a deep dive into open source sustainability Tidelift is designed to offer assurances “around areas like security, licensing, and maintenance of software,” [ That’s 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 Since I covered Tidelift last June, the company has expanded from its initial launch in the Javascript ecosystem to also offer assurances to packages w
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