$100M+ Revenue Commercial Open Source Software Company Index

	A	B	C	D	E	F	G	H	I	J	K	L	M	N	O
1	Company	Founded (avg age)	VC Raised (M)	Employees	Est. Revenue (M)	Est. Valuation (B)	Stock	Exit	Outcome (B)	Exit Date	Technology Area	Monetization Model	Core Project(s)	OSS License	Foundation-Based

2	Acquia	2007	$200	850	$200	$3.0	Private	No			Web Content Mgmt System	Open Core	Drupal	GPL v2	Sorta, Drupal Foundation
3	Alfresco	2005	$70	450	$100	$0.3	Private	Yes	$0.30	2/8/18	ECM <> BPM	Open Core	Alfresco	LGPL v3	No
4	Automattic	2005	$317	800	$300	$4.0	Private	No			Content Management System	Open Core	Wordpress	GPL v2	https://wordpressfoundation.org/
5	Canonical	2004	-	600	$150	$1.5	Private	No			Operating System (Linux)	Support Subscriptions	Ubuntu	GPL	Ubuntu Foundation ($10M seeded, no website)
6	Chef	2008	$105	320	$100	$1.0	Private	No			Configuration Management	Open Core	Chef	Apache 2.0	No
7	Cloudera	2008	$1,100	3,300	$800	$2.6	Public	IPO	$1.90	4/28/17	Big Data / Hadoop Ecosystem	Open Core	Hadoop	Apache 2.0	http://hadoop.apache.org/
8	Confluent	2014	$205	490	$150	$2.5	Private	No			Big Data / Middleware / Streaming	Open Core + SaaS	Kafka	Apache 2.0	http://kafka.apache.org/
9	Coinbase	2012	$546	800	$1,500	$8.0	Private	No			Cryptocurrency Wallet/Exchange/Platform	SaaS	Bitcoin/Ethereum/Litecoin	MIT/A2.0	Yes
10	Datastax	2010	$190	700	$150	$2.5	Private	No			NoSQL Database	Open Core	Cassandra	Apache 2.0	http://cassandra.apache.org/
11	Databricks	2013	$500	650	$250	$2.8	Private	No			Big Data / Hadoop Ecosystem	Open Core + SaaS	Spark	Apache 2.0	https://spark.apache.org/
12	Docker	2010	$300	530	$120	$2.5	Private	No			Developer / Ops / Infra Tools	Open Core	Moby	Apache 2.0	No
13	Elastic	2012	$162	1,200	$400	$5.0	Public	$2.5B IPO	$2.5B	10/5/18	Distributed Search Index + Tools	Open Core	ElasticSearch	Apache 2.0	Lucene in ASF (basis for ElasticSearch)
14	Fastly	2011	$220	460	$100	$1.5	Private	No			CDN	SaaS	Varnish	BSD	No
15	ForgeRock	2010	$140	550	$120	$1.5	Private	No			Identity and Access Management	Open Core + SaaS	OpenAM/IDM/DJ/IG	CDDL	No
16	GitHub	2009	$350	1,100	$400	$7.5	Private	Yes	$7.50	6/4/18	Distributed Source Code Version Control	Open Core + SaaS	Git	GPL v2	No
17	HashiCorp	2012	$175	400	$250	$2.5	Private	No			Developer / Ops / Infra Tools	Open Core + SaaS	Many	MPLv2	No
18	Hortonworks	2011	$250	1,500	$400	$1.5	Public	IPO	$0.70	12/11/2014	Big Data / Hadoop Ecosystem	Support Subscriptions	Hadoop	Apache 2.0	http://hadoop.apache.org/
19	Instructure	2008	$90	1,300	$220	$1.4	Public	IPO	$0.65	11/13/2015	Learning Management	Open Core + SaaS	Canvas	AGPL v3	No
20	JetBrains	2000	-	700	$300	$3.0	Private	No			Developer Tools	Open Core	IntelliJ	Apache 2.0	No
21	JFrog	2008	$230	400	$150	$1.5	Private	No			Software Artifact Repository	Open Core	Artifactory	AGPL v3	No
22	Kaltura	2006	$166.00	420	$200	$1.5	Private	No			Video Editing Platform	Open Core	Kaltura	AGPL v3	No
23	Liferay	2004	-	850	$250	$2.5	Private	No			Enterprise Portal	Open Core	Liferay Portal	LGPL v2.1+	No
24	MapR	2009	$280	500	$100	$1.0	Private	No			Big Data / Hadoop Ecosystem	Open Core	Hadoop	Apache 2.0	http://hadoop.apache.org/
25	Mapbox	2010	$230	450	$100	$1.5	Private	No			Mapping Software	Open Core + SaaS	Mapbox GL JS	https://github.com/mapbox/mapbox-gl-js/blob/master/LICENSE.txt	No
26	Magento Commerce	2008	$272	700	$200	$1.7	Public (via Adobe)	No	$1.68	5/20/18	Web Content Mgmt System	Open Core + SaaS	Magento	OSL v3, AFL v3	No
27	Mirantis	1999	$220	475	$100	$1.0	Private	No			Infrastructure Software	Open Core	OpenStack	Apache 2.0	https://www.openstack.org/foundation/
28	MongoDB	2007	$311	1,300	$300	$5.0	Public	IPO	$1.60	10/19/17	NoSQL Database	Open Core	MongoDB	AGPL v3	No
29	Mozilla Foundation	2003	$3	1,100	$550	$5.0	Private	No			Web Browser	Royalties / Donations / Strategics	Firefox	MPLv2	https://www.mozilla.org/en-US/foundation/
30	MuleSoft	2006	$250	1,500	$500	$8.0	Public	$2.9B IPO + $6.5B to SFDC	$6.50	3/20/18	Middleware	Open Core	Mule ESB	CPAL	No
31	MySQL AB	1995	$41	800	$500	$10.0	Public (via Oracle)	Yes	$1.10	2/26/08	Relational Database	Open Core	MySQL	GPL v2	No
32	Nicira	2007	$42	100	$1,500	$1.3	Public (via VMware)	Yes	$1.26	7/23/12	SDN / Network Virtualization	Open Core	Open vSwitch	Apache 2.0	http://openvswitch.org/
33	Pentaho	2004	$75	400	$100	$1.0	Public (via Hitachi)	Yes	$1.10	6/4/15	BI/ETL	Open Core	Pentaho	Apache 2.0	No
34	Pivotal	2013	$1,700	2,500	$700	$4.5	Public	IPO	$4.00	4/20/18	PaaS / Hadoop / Spring	Open Core	CloudFoundry	Apache 2.0	https://www.cloudfoundry.org/foundation/
35	Puppet Labs	2005	$142	550	$250	$2.5	Private	No			Configuration Management	Open Core	Puppet	Apache 2.0	No
36	Red Hat	1993	$5	12,700	$3,500	$35.0	Public	IPO + IBM exit	$34.00	8/11/99	OS, Middleware, Infrastructure Software	Support Subscriptions	Linux	GPL v2	https://www.linuxfoundation.org/
37	Sourcefire	2001	$40	600	$400	$3.0	Public (via Cisco)	Yes	$2.70	10/7/13	Network Intrusion Detection	Open Core	Snort	GPL v2	No
38	SugarCRM	2004	$123	400	$150	$1.0	Private	No			CRM	Open Core	SugarCRM	Apache 2.0	No
39	SUSE	1992	-	1,500	$380	$2.5	Public (via Novell) + Private (MicroFocus/PE) + PE (EQT)	Yes	$2.50	11/4/03	Operating System (Linux)	Support Subscriptions	Linux Kernel	GPL v2	https://www.linuxfoundation.org/
40	Talend	2005	$100	1,150	$100	$2.0	Public	IPO	$0.55	7/28/16	SOA/ETL/AI/Middleware	Open Core	Talend Data Integration	Apache 2.0	No
41	WP Engine	2010	$290	610	$100	$1.0	Private	No			Content Management System	Open Core	Wordpress	GPL v2	https://wordpressfoundation.org/
42		~13 yrs	$9,440	45,705	$16,140	$147.1			$68.04
43
44	Author & Maintainer:	Joseph Jacks	OSS Capital, L.P.
45	Last Revised:	February 4th, 2019
46	Criteria:	Companies with annual revenues (recurring or not) > $100M (or run rate = $25M / quarter)
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