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COSS Weekly: CopilotKit raises $27M, SAP's COSS shopping ...
Sabir Ibrahi · 2026-05-12 · via DEV Community

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

Amical

Open-source AI dictation app

Inferact

LLM inference engine commercialization

Filigran

Open-source threat management platform

Brave

Privacy-focused browser and search engine

Entire

Developer platform for human-agent collab

Inth

Open-source developer-first consent banner

RadixArk

AI inference and training infrastructure

DeepSource

AI code review platform

Seita

Open-source EMS for energy flexibility

NativeLink

Open-source build cache and remote executor

Deciso

Open-source firewall and network security

Tangled

Federated social coding platform

More COSS Companies →