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TechCrunch Icon TechCrunch

VMware acquires Heptio

Heptio is the startup founded by 2 of the co-founders of Kubernetes. We had been working on getting some time planned with the CEO Craig McLucki and CTO Joe Beda, but both were “unavailable” to speak. This acquisition might be one of the reasons why. From Ingrid Lunden’s coverage on TechCrunch: VMware acquires Heptio — a startup out of Seattle that was co-founded by Joe Beda and Craig McLuckie (two of the three people who co-created Kubernetes back at Google in 2014) Beda and McLuckie and their team will all be joining VMware in the transaction. More details can be found on the Heptio blog announcement. As for the terms of the deal, they “are not being disclosed.” For reference, when Heptio last raised money ($25M Series B in 2017) it was valued at $117M post-money. So, I’m estimating this deal to be in the $300M-$500M range. To Craig and Joe — first, congrats. Second, we’re still interested in talking with you. Maybe now is a better time and the details you couldn’t share before can now be more freely shared. This is an open invite, to you both! Congrats also to the team at Heptio for all the hard at work you’re doing to advance Kubernetes and cloud orchestration! What a ride the past few weeks for commercial open source in this recent wave of acquisitions.

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TechCrunch Icon TechCrunch

HashiCorp scores $100M investment on $1.9B valuation (becomes a unicorn)

Today is another day in the sun for open source! HashiCorp has announced an enormous $100 Million round on a unicorn valuation of $1.9 Billion. HashiCorp launched in 2012, which we covered around the same time with founder and creator Mitchell Hashimoto, and again a year later shortly after officially forming HashiCorp with Armon Dadgar. Ron Miller of TechCrunch included this pull-quote to give context to HashiCorp’s roots. After graduating and getting jobs, Hashimoto and Dadgar reunited in 2012 and launched HashiCorp. They decided to break their big problem down into smaller, more manageable pieces and eventually built the five open source tools currently on offer. In fact, they found as they developed each one, the community let them know about adjacent problems and they layered on each new tool to address a different need. Over the years, HashiCorp has been in our newsfeed and on our podcasts regularly — so dig into the archives while we make plans to sync up with Mitchell on the future plans of HashiCorp.

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Business Insider Icon Business Insider

IBM is acquiring Red Hat for $34 Billion

That’s a lot of Billions attached to a company built on the back of open source Linux. To give a quick reminder, we JUST DID A SHOW with special guest Joseph Jacks titled “Venture capital meets commercial OSS” and, of course, Red Hat was mentioned several times. They’re also on the $100M+ revenue commercial open source software company index we talked about. We’ll dig into this and keep you updated on this breaking news that’s just days off the heels of Microsoft’s official acquisition announcement of GitHub. Needless to say, this has been a BIG WEEK for commercial open source software companies.

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Amjad Masad repl.it

Repl.it just raised $4.5M and has 1M monthly active users

Repl.it is a startup I’ve never heard of but it really seems I should have. They just raised $4.5M to build out a “microcomputer to the cloud’s mainframe.” What is that even? When they started they didn’t know either… We started Repl.it as a side project with the straightforward goal of making it easy to get a REPL for your favorite language when you need one … however, our users wanted more. They misused our system for things it wasn’t meant for: they hacked games into our dumb web terminal, they made networked applications despite not having explicit support for it, and they kept asking for more. It’s crazy how big ideas start so small and simple. Now they have the backing of one of the most sought after venture capital firms to continue on their quest. The seed round was led by Andreessen Horowitz, with Marc Andreessen and Andrew Chen championing the deal. Cloud-computing is one of the most significant paradigm shifts in our industry, yet it remains command-able only by relatively few professionals. It’s similar to when, prior to microcomputers, only big corporations and universities had mainframes. We want Repl.it to be the microcomputer to the cloud’s mainframe.

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