This week in COSS: Convex raised a $57 million Series B led by Insight Partners, with Etna Labs and existing backers a16z and Spark Capital also participating. In M&A, Elastic agreed to acquire Deductive AI, an AI-powered investigation platform for resolving production issues, while Keyfactor entered a definitive agreement to acquire Cofide.
Elsewhere, Temporal described the impact of a fivefold increase in AI spending alongside doubled revenue; YugabyteDB introduced AMP, a serverless PostgreSQL offering with AI agents for database fleet management; and OpenAI, AWS, Cursor, GitHub, and Microsoft backed Vercel’s Agent Plugins standard. Supabase became a launch partner for OpenAI’s Sign in with ChatGPT beta, Red Hat launched the asago community for AI safety and governance automation, Elastic expanded its OpenAI collaboration for enterprise AI applications, and HashiCorp co-founder Mitchell Hashimoto launched Multiplexer, a server-side terminal multiplexer startup.
We also feature the following companies in Cossmology: Cofide, TidesDB, LangWatch, Fleet Device Management, Quandela, Upsonic, OllyGarden, Expected Parrot, Dagger, and Soda.
COSS Headlines
Temporal 5x’d AI spend and doubled revenue. CEO Samar Abbas says he can’t prove they’re connected.
