COSS Weekly - Week of May 11, 2026 - Chinstrap Community

COSS Weekly – Week of May 11, 2026

Sabir Ibrahim

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This week in COSS: CopilotKit raised a $27M Series A, SAP announced plans to acquire both Dremio and Prior Labs, Anaconda acquired Outerbounds, IREN acquired OpenStack champion Mirantis, DeepSeek previewed its V4 model and is reportedly targeting a $45B valuation, OpenObserve closed a $10M Series A, Socket acquired Secure Annex, and Ant Group received Chinese regulatory approval to raise $1.5B.

We also feature the following companies in Cossmology: Amical, Brave, Deciso, DeepSource, Entire, Filigran, Inferact, Inth, NativeLink, RadixArk, Seita, and Tangled.

COSS Headlines

SAP Intends to Acquire Dremio

Companies mentioned: Dremio

Announcement Dremio Blog

Neocloud IREN buys OpenStack champion Mirantis

Companies mentioned: Mirantis

Announcement The Register

China’s DeepSeek releases preview of long-awaited V4 model as AI race intensifies

Companies mentioned: DeepSeek

Announcement CNBC

Socket Has Acquired Secure Annex

Companies mentioned: Socket

Announcement Socket

SAP to Acquire Prior Labs to Establish a Globally Leading Frontier AI Lab in Europe

Companies mentioned: Prior Labs

Announcement SAP Newsroom

SAP bets $1.16B on 18-month-old German AI lab and says yes to NemoClaw

Companies mentioned: Prior Labs

Announcement TechCrunch

China’s Ant Group gets green light for $1.5bn fundraising plan

Companies mentioned: Ant Group

Funding Times of Malta

Mistral, Europe’s answer to OpenAI and Anthropic, pushes its coding agents to the cloud

Companies mentioned: Mistral AI

OSS News & Views The New Stack

Cyera Acquires Ryft to Extend its Agentic AI Security Platform

Companies mentioned: Ryft

Announcement BusinessWire

DeepSeek could hit $45B valuation from its first investment round

Companies mentioned: DeepSeek

OSS News & Views TechCrunch

CopilotKit raises $27M Series A

Companies mentioned: CopilotKit

Funding CopilotKit Blog

Anaconda Acquires Outerbounds

Companies mentioned: Anaconda, Outerbounds

Announcement Anaconda

OpenObserve: $10M Series A and the Launch of Observability 3.0

Companies mentioned: OpenObserve

Announcement OpenObserve Blog

More COSS Headlines →

Featured COSS Companies

Open-source AI dictation app

LLM inference engine commercialization

Open-source threat management platform

Brave

Privacy-focused browser and search engine

Developer platform for human-agent collab

Inth

Open-source developer-first consent banner

AI inference and training infrastructure

AI code review platform

Seita

Open-source EMS for energy flexibility

Open-source build cache and remote executor

Open-source firewall and network security

Federated social coding platform

More COSS Companies →

Sabir is an attorney, entrepreneur, and expert on COSS. In his roles as corporate counsel at Amazon and Roku and associate at Greenberg Traurig, he advised nearly all of the Big Five technology companies on complex open source matters. Currently, he is founder and managing attorney of OptimEdge Legal, where he advises technology clients of all sizes on matters related to open source and other technology law issues.

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