7 SaaS Startups in the Open Source Industry

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in the Open Source industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 7 VC funded SaaS startups in the Open Source industry.

Carto

A technology called Carto uses geographical data to create effective delivery routes, improved behavioral marketing campaigns, and tactical retail locations. Location data is transforming how we live and do business, from linked automobiles to smartphones. The platform CARTO is responsible for transforming geographical data into better behavioral marketing, more effective delivery routes, and more. Data Scientists, Developers, and Analysts use CARTO's data and analysis to solve geographical issues in order to better understand how and why events occur, to streamline company operations, and to forecast future results. The top location intelligence platform in the world is CARTO, which has the support of renowned VC companies Accel Partners, Salesforce Ventures, Earlybird Ventures, and Kibo Ventures. CARTO, with offices in Washington, DC, Madrid, and Seville, was founded in 2012 by an environmental scientist and visualization specialists. 130 people work for CARTO, which has 2,500 clients like Mastercard, Vodafone, Bain & Company, and Coca-Cola as well as more than 350,000 users worldwide. CARTO has also received frequent recognition from G2, Gartner, and Forrester for its innovations in the location intelligence market.

Company details:
Founders:
Javier de la Torre, Miguel Arias, Sergio Álvarez-Leiva
Founded:
2012
Based in:
New York, New York, United States
Website:
Carto
Industries:
Business Intelligence, Data Visualization, Enterprise Software, Geospatial, Location Based Services, Open Source, SaaS, Software
Latest funding:
$61,000,000
Series C
14 December 2021
Total funding:
$92,000,000
Investors
European Innovation Council, Accel, Earlybird Venture Capital, Insight Partners, Plug and Play

Chatwoot

An open-source, independently hosted consumer interaction suite is called Chatwoot. You can monitor and manage your customer data with Chatwoot, contact with them through their preferred channel, and re-engage them depending on their profile.

Company details:
Founders:
Nithin David Thomas, Pranav Raj S, Sojan V Jose
Founded:
2020
Based in:
Dover, Delaware, United States
Website:
Chatwoot
Industries:
CRM, Customer Service, Marketing, Open Source, SaaS, Software
Latest funding:
$1,600,000
Seed
9 September 2021
Total funding:
$1,600,000
Investors
Y Combinator, Hack VC, Goat Capital, Uncorrelated Ventures

Gradle Inc.

The software firm behind Gradle Enterprise (www.gradle.com) and Gradle Build Tool is called Gradle, Inc. (www.gradle.org). For software builds and tests using the JVM environment, Gradle Enterprise is the industry-leading platform for performance acceleration and failure analytics. The most renowned software development teams in the world utilize Gradle Enterprise to restore engineers' lost productivity time by up to two days each week. This is accomplished by halving the mean time to resolution for build and test failures in the Gradle, Maven, and Bazel build environments, as well as the build and test feedback cycle timings. Additionally, it is a very important enabling technology for the developing discipline of developer productivity engineering. The most used build tool for open source JVM applications on GitHub is Gradle. It has been ranked among the "Top 20 Most Popular Open-Source Projects for IT" by TechCrunch and receives an average of more than 27 million downloads each month. Spring, JUnit, and JetBrains (Kotlin) are three well-known open-source projects that use Gradle Build Tool in conjunction with Gradle Enterprise.

Company details:
Founders:
Adam Murdoch, Hans Dockter
Founded:
2014
Based in:
San Francisco, California, United States
Website:
Gradle Inc.
Industries:
Analytics, Developer Tools, Enterprise Software, Information Technology, Open Source, SaaS, Software
Latest funding:
$27,000,000
Series C
18 November 2021
Total funding:
$54,700,000
Investors
DCVC, Bain Capital Ventures, StepStone Group, Harmony Partners, True Ventures

Mindee

The goal of Mindee is to increase the value of your company by providing artificial intelligence solutions that are specifically suited to it. Your solutions are designed by their team of machine learning and artificial intelligence specialists, from prototype to manufacturing and team training. Our end-to-end services offer ensures a seamless and effective integration of the most advanced technology into your organization, tailored as closely as possible to your company demands.

Company details:
Founders:
Georges Ryssen, Jonathan Grandperrin, Mohamed Biaz, Olivier Rey
Founded:
2018
Based in:
Paris, Ile-de-France, France
Website:
Mindee
Industries:
Artificial Intelligence, Information Technology, Machine Learning, Open Source, SaaS, Web Apps
Latest funding:
$14,000,000
Series A
6 October 2021
Total funding:
$16,251,679
Investors
Bpifrance, GGV Capital, AGORANOV, Alexis Le-Quoc, Alven

Robocorp

Robocorp is a cloud platform for robotic process automation (RPA) and open source RPA tools. Robocorp’s RPA approach provides developers the cloud native, open-source tools to bring RPA into their organizations without the burdensome constraints of existing offerings

Company details:
Founders:
Antti Karjalainen, Jouko Ahvenainen, Sampo Ahokas, Teppo Koskinen
Founded:
2019
Based in:
San Francisco, California, United States
Website:
Robocorp
Industries:
Cloud Infrastructure, Information Technology, Open Source, SaaS, Software
Latest funding:
$21,000,000
Series A
22 June 2021
Total funding:
$32,613,170
Investors
Haystack, Harpoon, Benchmark, Slow Ventures, Bossanova Investimentos

Sysdig

Sysdig is driving the standard for cloud and container security. The company pioneered cloud-native runtime threat detection and response by creating Falco and Sysdig as open source standards and key building blocks of the Sysdig platform. With the platform, teams can find and prioritize software vulnerabilities, detect and respond to threats, and manage cloud configurations, permissions and compliance. From containers and Kubernetes to cloud services, teams get a single view of risk from source to run, with no blind spots, no guesswork, no black boxes. The largest and most innovative companies around the world rely on Sysdig.

Company details:
Founders:
Loris Degioanni
Founded:
2013
Based in:
San Francisco, California, United States
Website:
Sysdig
Industries:
Cloud Computing, Cloud Security, Cyber Security, Open Source, SaaS, Security
Latest funding:
$350,000,000
Series G
15 December 2021
Total funding:
$729,500,000
Investors
Goldman Sachs, Accel, Insight Partners, Guggenheim Partners, Third Point Ventures

Zilliz

Zilliz is a top provider of enterprise-grade AI vector databases. Zilliz, created by the programmers behind the most widely used open-source vector database in the world, Milvus, aims to use AI to unlock data insights. The company develops cutting-edge database technology to assist businesses in quickly developing AI/ML applications and maximizing the value of unstructured data. Zilliz is dedicated to bringing the potential of AI to every company, every organization, and every person by relieving its users of the burden of managing complicated data infrastructure. Zilliz, which has its headquarters in San Francisco, is supported by a number of renowned investors, including Hillhouse Capital, Prosperity7 Ventures of Aramco, Pavilion Capital of Temasek, 5Y Capital, Yunqi Partners, Trustbridge Partners, and others. Over 1000 businesses worldwide can easily create AI applications using Zilliz's technologies and products, which include computer vision, image retrieval, video analysis, NLP, recommendation engines, targeted ads, customized search, smart chatbots, fraud detection, network security, new drug discovery, and many other areas. Visit zilliz.com or follow @zilliz universe to learn more.

Company details:
Founders:
Charles Xie
Founded:
2017
Based in:
San Francisco, California, United States
Website:
Zilliz
Industries:
Analytics, Artificial Intelligence, Database, Machine Learning, Open Source, SaaS, Software
Latest funding:
$60,000,000
Series B
24 August 2022
Total funding:
$113,000,000
Investors
Hillhouse Capital Group, Pavilion Capital, Prosperity7 Ventures, Yunqi Partners, Trustbridge Partners

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