This week in COSS: The acquisition trend continued as Qualcomm agreed to acquire Modular for nearly $4 billion, Cursor quietly acquired open-source coding assistant Continue, and Elastic acquired AI SRE startup Deductive AI for up to $85 million.

In funding news, DeepSeek closed over $7 billion in funding, Timefold raised a $13M Series A for its scheduling optimization platform, and Moonshot AI has reportedly sought a $30 billion valuation in new funding talks.

In other announcements, Sentient Foundation committed $42 million to advance open-source AGI, Daytona announced it is going closed source, Vercel launched eve (an open-source agentic framework), Zilliz launched Vector Lakebase, Upbound open-sourced Modelplane (a control plane for AI inference), Bluesky COO Rose Wang discussed AI and the company’s open-source approach, and ClickHouse announced Silk, a new fiber runtime.

We also feature the following companies in Cossmology: ArcadeDB, Proton, HitKeep, Passbolt, Nirmata, Paper Compute Co., Plastic Labs, DuckLabs, Blacksky Algorithms, and Earendil Works.