Open source grabs more and more funding

Submitted on
Monday, August 21, 2017

Open source software continues its torrid pace. In fact, according to a report from the 451 Group, the sector saw its biggest quarter for venture funding -- hitting $203.75 million, which is up from $100.4 million in the same period a year ago.

Why the interest? Well, I had a chance to interview Matthew Aslett, who is an analyst of enterprise software at the 451 Group.

*Your take on the focus on open source?*

VCs are interested in open source vendors because the open source development and distribution models reduce start-up costs and lower the barriers to entry.