OpensourceProexperts

FDA releases open source code, open source software gets emotional, and more news

In this edition of our open source news roundup, we take a look at two open source companies getting funding, the FDA open sources app code, Barcelona upping its open source investment, and more.

Open source firms finish funding rounds

In the last two weeks, IBM's acquisition of Red Hat led the open source business headlines. But two other companies that develop open source software also made some bold financial moves that filled their coffers quite nicely.

Hashicorp announced it has raised $100 million from two venture capital firms. The maker of tools for managing cloud applications plans to use that funding "to boost its open-source and commercial product development roadmaps, accelerate hiring and step up customer-facing activities such as training." That funding also helped push the company's valuation to $1.9 billion (USD).

Neo4j, which develops open source graph databases, didn't do too badly, either. The company pulled in $80 million (USD) in investments, which doubles the amount of funding it's managed to attract. According to Neo4j's CEO Emil Eifrem, the company will use that money to "grow its developer tools and support popular use cases." Eifrem add that the infusion of cash also provides "Neo4j with the resources to serve our new and existing customers with the best graph platform to harness connected data for AI."