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AI and data infrastructure drives demand for open source startups | TechCrunch

Mar 29, 2024 - techcrunch.com
The Runa Open Source Startup (ROSS) Index has highlighted the growing demand for startups creating open source tools for the AI revolution, with data infrastructure also gaining traction. The index, published by venture capital firm Runa Capital, identifies the fastest-growing commercial open source software (COSS) startups. The 2023 report revealed that more than half of the top 50 trending open source startups were related to AI and data infrastructure. The top spot was taken by LangChain, a San Francisco-based startup that has developed an open source framework for building apps based on large language models.

The report also highlighted geographical trends, with 26 of the top 50 companies having an HQ in the U.S., and 23 incorporated in Europe. France had the most COSS startups with seven, while the U.K. saw a significant increase from one startup in 2022 to six in 2023. The index also revealed that funding into the top 50 COSS startups last year reached $513 million, a 32% increase on 2022 and 145% on 2021. The report also noted trends in programming languages, with TypeScript remaining the most popular, and Python and Rust growing in popularity.

Key takeaways:

  • The Runa Open Source Startup (ROSS) Index highlights the fastest-growing commercial open source software (COSS) startups, with a significant demand for startups building open source tools for AI and data infrastructure.
  • LangChain, a San Francisco–based startup that developed an open source framework for building apps based on large language models, topped the ROSS Index for 2023.
  • The ROSS Index reported that 26 companies on the list have an HQ in the U.S., and the top 50 hailed from 17 separate countries, with 23 of the companies incorporated in Europe.
  • The index also reveals that funding into the top 50 COSS startups last year hit $513 million, an increase of 32% on 2022 and 145% on 2021.
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