COSS Weekly: Timefold raises $13M, Continue.dev acquired by Cursor, Modular acquired by Qualcomm, and more

This week in COSS: The acquisition trend continued as Qualcomm agreed to acquire Modular for nearly $4 billion, Cursor quietly acquired open-source coding assistant Continue, and Elastic acquired AI SRE startup Deductive AI for up to $85 million. In funding news, DeepSeek closed over $7 billion in funding, Timefold raised a $13M Series A for its scheduling optimization platform, and Moonshot AI has reportedly sought a $30 billion valuation in new funding talks. In other announcements, Sentient Foundation committed $42 million to advance open-source AGI, Daytona announced it is going closed source, Vercel launched eve (an open-source agentic framework), Zilliz launched Vector Lakebase, Upbound open-sourced Modelplane (a control plane for AI inference), Bluesky COO Rose Wang discussed AI and the company's open-source approach, and ClickHouse announced Silk, a new fiber runtime. We also feature the following companies in Cossmology: ArcadeDB, Proton, HitKeep, Passbolt, Nirmata, Paper Compute Co., Plastic Labs, DuckLabs, Blacksky Algorithms, and Earendil Works. COSS Headlines Cursor quietly acquires Continue, an open-source alternative to GitHub Copilot Companies mentioned: Continue Announcement · The New Stack Introducing Modelplane: the control plane for AI inference Companies mentioned: Upbound Announcement · Modelplane Blog 'AI is taking away what makes us human' says social media boss Companies mentioned: Bluesky Media Mention · Metro DeepSeek closes $7bn-plus round with an unusual structure Companies mentioned: DeepSeek Funding · The Next Web Elastic reportedly acquires site reliability engineering startup Deductive AI Companies mentioned: Elastic Announcement · SiliconANGLE Vercel launches eve, an open-source framework that treats agents as directories Companies mentioned: Vercel Announcement · The New Stack Zilliz Launches Vector Lakebase, Extending the World's Most Adopted Vector Database into a Unified Data Platform for AI Companies mentioned: Zilliz Announcem